00:00 [MUSIC]
00:05 Donald Trump's former attorney, Michael Cohen, forecasted a heavy $600 million
00:10 financial blow for the former president resulting from a New York civil fraud case.
00:14 In an interview with Salon on Monday,
00:17 Cohen expressed that Trump's ability to meet such an enormous amount is
00:20 questionable.
00:21 He, Trump, does not have that in equity.
00:25 So when these assets get sold, and remember, he is low basis in most,
00:30 if not all of these assets, take the tax implications and
00:34 then subtract from that the outstanding mortgages that may exist.
00:38 Technically, there is nothing left, Cohen said.
00:40 Trump won't win his get out of jail free card.
00:44 He's not running for anything other than to stay out of jail.
00:47 It's going to hit him as hard as this case is currently hitting,
00:50 Cohen added, implying that the former president would lose the 2024 election.
00:55 This came after Cohen last week accused Donald Trump Jr. and
00:58 Eric Trump of lying under oath during their depositions.
01:01 The New York civil fraud case revolves around the Trump organization's financial
01:05 statements, which Attorney General Letitia James alleges were manipulated by
01:09 the Trump family.
01:10 Find more from this ongoing story on Benzinga.com.
01:14 (laughs)
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