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Cohen Was Told to ‘Reverse Engineer’ Trump’s Net Worth

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Michael Cohen, the one-time fixer and personal lawyer of Donald Trump, testified on Tuesday that he had been instructed by the former president to “reverse engineer” the value of assets that are now at the center of a $250 million civil fraud lawsuit, the Financial Times reports.

Cohen told the Manhattan court that the annual “statement of financial condition” he helped prepare for his former boss — and which is the central issue in the New York attorney-general’s case — was a fiction.

Said Cohen: “I was tasked by Mr Trump to increase the total assets based on a number that he arbitrarily selected.”

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goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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