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Cohen sells New York apartment stakes worth millions as legal costs pile up

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President Trump’s former longtime lawyer, Michael Cohen, who faces jail time after pleading guilty earlier this month to multiple felony charges, has sold his interest in two New York City apartment buildings, according to public records.

Bloomberg reported on Thursday that Cohen sold his stakes in two apartments located at 330 East 63rd St. and 133 Ave. D earlier this month. 

{mosads}The publication noted that public records indicated the combined sale price of both apartment building stakes totaled to nearly $13 million, which reportedly also accounted for the former Trump fixer’s share of the debt. According to a person familiar with the sales, Cohen, who purchased his stakes in the building in 2015, cleared roughly $7 million.

The news arrives on the heels of a report earlier this year that Cohen and his wife put up their family’s apartment on Park Avenue as collateral to underpin a hefty bank loan held by Sterling National Bank of Montebello, N.Y. 

Last week, a GoFundMe page was launched to cover Cohen’s the legal expenses with a goal of raising $500,000. Cohen’s lawyer, Lanny Davis, who is also an opinion contributor for The Hill, was listed as the administrator of the crowdfunding page, titled the “Michael Cohen Truth Fund.” 

“Michael decided to put his family and his country first. Now Michael needs your financial help — to pay his legal fees,” the page states.

The donations will help Cohen “as he goes forward on his journey to tell the truth about Donald Trump,” the page states.

Cohen dealt a potentially significant blow to the president earlier this month after he pleaded guilty to eight counts of bank fraud, tax fraud and campaign finance violations, including charges relating to payments he arranged for women who alleged to have had affairs with Trump in the months leading up to his campaign.

In an interview earlier this week, a source familiar with Cohen’s thinking told CNN the lawyer accepts that will not receive a presidential pardon and will need to serve jail time after pleading guilty.

“He’s very resigned to doing the time. He’s resigned to the fact that he’s going to go to jail for some time,” the source told CNN in a report published Wednesday.

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