WASHINGTON D.C. (WKBW) — In his testimony on Capitol Hill Wednesday, President Trump's former attorney, Michael Cohen, said that the president gave his financial statements to a German bank while inquiring about a loan to buy the Buffalo Bills.
Mr. Trump is a cheat. As previously stated, I’m giving the Committee today three years of President Trump’s financial statements, from 2011-2013, which he gave to Deutsche Bank to inquire about a loan to buy the Buffalo Bills and to Forbes. These are Exhibits 1a, 1b, and 1c to my testimony. It was my experience that Mr. Trump inflated his total assets when it served his purposes, such as trying to be listed among the wealthiest people in Forbes, and deflated his assets to reduce his real estate taxes. I am sharing with you two newspaper articles, side by side, that are examples of Mr. Trump inflating and deflating his assets, as I said, to suit his financial interests.
President Trump was one of the contenders trying to purchase the Buffalo Bills back in 2014, before the team team was ultimately purchased by Kim and Terry Pegula.
The people of Buffalo should be happy Terry Pegula got the team but I hope he does better w/the Bills than he has w/the Sabres. Good luck!
— Donald J. Trump (@realDonaldTrump) October 13, 2014
Cohen provided Trump's net worth from 2011-2013 as an exhibit. He did this to show how the president allegedly inflated his net worth in attempts to purchase the NFL team. The were as follows:
2011: $4,261,590,000
2012: $4,558,680,000
2013: $8,661,970,000
Cohen also referred to the president as a "racist," a "conman" and a "cheat."
He has already pleaded guilty to charges of campaign finance fraud and lying to Congress. He was sentenced to three years in prison in late 2018.
Trump's former attorney is testifying in front of Congress Wednesday, saying he was aware of longtime adviser Roger Stone's efforts to reach out to WikiLeaks in advance of its release of damaging information about Hillary Clinton's presidential campaign, according to a copy of his public testimony submitted to Congress and obtained by CNN.
Read Cohen's full opening statement here: https://www.wkbw.com/news/national/read-michael-cohens-opening-statement-to-congress
