Donald Trump Losing Every Day He's in Court: Michael Cohen

Donald Trump is "seeing himself lose every single day" that he's in court for his civil fraud trial, Michael Cohen said.

Speaking on his podcast, Political Beatdown, which he co-hosts with Ben Meiselas, Trump's former lawyer, who is a key witness in the case, discussed the lawsuit filed by New York Attorney General Letitia James. It alleges that Trump and top executives at The Trump Organization conspired to increase his net worth by billions of dollars on financial statements provided to banks and insurers to make deals and secure loans.

In September, Judge Arthur Engoron issued a partial summary in the civil trial, stating that they committed fraud. He ruled that Trump had grossly inflated the value of his assets to obtain more favorable terms from lenders and insurers.

Trump testified in the trial, now in its eight week, earlier this month. Cohen said while doing so, Trump was on the defensive because he knows he is losing and that he will be financially ruined by the damages. "He's seeing himself lose every single day that they [Trump and his co-defendants] are in court," he said.

He added: "That case is going to financially put Trump on his a** not to mention it is going to unwind the Trump corporation at least here in the state of the New York.

"It becomes what's known as the death spiral where you're no longer able to operate."

Newsweek contacted representatives for Trump and Cohen by email for comment.

While the trial will determine how much in damages Trump will pay, Cohen added that the Republican could see further legal action. "There are possibilities that some aspects of that case could be remanded back to the Southern District of New York for prosecution," he said.

Cohen served jail time after pleading guilty in 2018 to charges relating to hush money payments to adult film star Stormy Daniels. Speaking about his release, he accused Trump of blaming him to dodge culpability.

"I can't tell you how thankful I am to be fighting in order to correct the record in order to ensure something that we know Donald is going to do and that is to weaponize the Department of Justice to go against his critics and that could be anyone."

In total, Trump faces a total of 91 charges across four indictments, two relating to his alleged efforts to overturn the result of the 2020 presidential election, one relating to falsifying business records for the hush money payments made to Daniels, and one in relation to allegations he retained top secret and sensitive materials when he left the White House and January 2021, and then willfully obstructed the federal attempt to retrieve the documents.

Trump has pleaded not guilty in all these cases and repeatedly denied all wrongdoing.

But Cohen said: "Donald will be found guilty and held accountable on all 91 charges."

Of the legal figures who brought charges against the Republican, he said: "These are not folk that just jumped in to creating a charge for s***s sake." Cohen added they would have requisite evidence to bring him down.