As part of his testimony before the House Oversight Committee on Wednesday, former Trump fixer Michael Cohen shared what he said were financial statements for President Trump from 2011, 2012 and 2013.
Cohen said that Trump gave the financial statements to Deutsche Bank while inquiring about a loan and to Forbes magazine. Cohen said that the documents show that Trump would inflate his assets when trying to prove that he was wealthy and would deflate his assets when trying to pay less in taxes.
It’s unclear what, if anything, on the financial statements is accurate. But they show that while Trump listed his total net worth as about $4.3 billion in 2011 and $4.5 billion in 2012, Trump listed his net worth as $8.6 billion in a 2013 document.
Read the documents shared by Cohen:
Now if he had just photo copied his tax returns…
Ouch
Beyond the legitimacy of the documents, I am not sure what are they supposed to show, Trump has always bragged of being filthy rich, and if some sucker believed whatever is in those documents without any corroborating information it’s their own fault.
Most banks check with the IRS to compare your claimed income with reported income. The difference is “bank fraud” and/or tax fraud.
“Kim Jong Un Interrupts Summit to Watch Michael Cohen”
Andy Borowitz