Trump aims to discredit Michael Cohen as ex-lawyer testifies in New York fraud trial

Michael Cohen is set to resume testifying in the $250 million business fraud trial of former President Donald Trump and his company.Michael CohenTrump, who will be in the courtroom, and his lawyers spent much of the previous trial day targeting Cohen's criminal history, attempting to paint him as a"serial liar" whose word could not be trusted.Sign up for NBC San Diego newsletters.

Trump"would look at the total assets and say, 'I'm actually not worth $4.5 billion. I am really worth more like $6 billion,'" Cohen testified under oath. Cohen, Trump's once-loyal aide, is now a star witness against him in New York Attorney General Letitia James' civil trial in Manhattan Supreme Court. Cohen's 2019The AG's case accuses Trump, his two adult sons, the Trump Organization and top executives of engaging in a decade-long pattern of falsely inflating the values of Trump's real estate properties and other assets in order to get tax benefits and better loan terms.

Judge Arthur Engoron, who will deliver verdicts in the no-jury trial, has already found Trump liable for fraud and ordered the cancellation of the defendants' New York business certificates. The trial, which is expected to stretch into late December, will resolve James' six remaining claims.

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