okfine
Diamond Member
From Michael Cohen...
"How much money is the state going to fine him as a direct result of the actions that he took with those statements of financial condition?" Cohen said. "We know that it is a baseline. The bottom number is $250 million. Mind you, that doesn't even begin to touch the additional disgorgement that they're going to be looking for, nor does it take into consideration the fines and the penalties associated with this type of a case. So, I suspect it's going to be substantially more than the $250 million. In fact, I've been so bold as to make a prediction that it'll be between $600 and $700 million."
"Mind you, he does not have that in equity," he added. "So when these assets get sold — remember, he is low-basis in most if not all of these assets — take the tax implications and then subtract from that the outstanding mortgages that may exist. Technically, there's nothing left."
www.rawstory.com
"How much money is the state going to fine him as a direct result of the actions that he took with those statements of financial condition?" Cohen said. "We know that it is a baseline. The bottom number is $250 million. Mind you, that doesn't even begin to touch the additional disgorgement that they're going to be looking for, nor does it take into consideration the fines and the penalties associated with this type of a case. So, I suspect it's going to be substantially more than the $250 million. In fact, I've been so bold as to make a prediction that it'll be between $600 and $700 million."
"Mind you, he does not have that in equity," he added. "So when these assets get sold — remember, he is low-basis in most if not all of these assets — take the tax implications and then subtract from that the outstanding mortgages that may exist. Technically, there's nothing left."
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Michael Cohen stunned by Trump's appearance: 'Like somebody sucked the life out of him'
Michael Cohen said he barely recognized Donald Trump when he saw him in court during his New York fraud trial.The former president's longtime attorney testified against him two weeks ago in the $250 million fraud lawsuit filed by state attorney general Letitia James, and Cohen told Salon...
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