(CNN) Trump's former fixer and lawyer Michael Cohen accuses Trump of being a "cheat" -- inflating and deflating his net worth to suit his needs. "It was my experience that Mr. Trump inflated his total assets when it served his purposes, such as trying to be listed among the wealthiest people in Forbes, and deflated his assets to reduce his real estate taxes," Cohen says in the prepared testimony. Later during the hearing, Cohen answered "yes" when he was asked if the President or his company ever intentionally inflated assets to get a loan. As evidence, Cohen offers up three different exhibits, which are essentially back-of-the-envelope general estimations of Trump's assets and liabilities and a bottom line declaration of his worth. Cohen suggested they were prepared by Trump and his associates when Trump was trying to secure a loan from Deutsche Bank for an ultimately unsuccessful bid to buy the Buffalo Bills and for Forbes Magazine, which publishes an annual list of billionaires.

Source: CNN February 27, 2019 18:10 UTC