President Donald Trump repeatedly committed one of the same crimes that is about to land his former lawyer Michael Cohen in jail, The New York Times reported Monday.
The Times report on Trump’s long, troubled history with Deutsche Bank includes allegations that he repeatedly overstated his wealth to obtain favorable loans from the bank.
The reporting confirms some of Cohen’s sworn testimony that Trump misrepresented his assets when it suited him.
The Times reports that Trump overstated his personal wealth by $2.2 billion when applying for a loan to build the Trump International Hotel and Tower in Chicago around 2005.
Trump was seeking financing for his Doral Golf Resort and Spa in Miami.
Cohen himself pleaded guilty last year to a host of charges that included lying on loan applications to obtain a home equity line of credit.
But the presidency is a fickle shield: With the 2020 election just around the corner, Trump’s legal woes could just be beginning. »