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28 Feb 02:15 AM

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What does "his foundation purchased a portrait of him." mean???

Context>>>>>>>>>>>>>>>>>>>>>>
Cohen had already testified Trump ordered him to commit a felony; now he was showing that Trump participated in the alleged scheme while occupying the Oval Office.

Asked after the hearing if he believed Cohen established that the president had committed a crime while in office, House oversight chairman Elijah Cummings answered, "It appears that he did."

In another exchange with Krishnamoorthi, Cohen suggested that New York prosecutors had an interest in his conversations with the president or his top people.

Cohen said the last time he spoke to the president or his representative was "within two months" of the April 2018 FBI raid on Cohen's home and office.

"What did he or his agent communicate to you?" Krishnamoorthi asked.

"Unfortunately, this topic is actually something that's being investigated right now by the Southern District of New York and I've been asked by them not to discuss and not to talk about these issues," Cohen replied.

The White House did not respond specifically Cohen's comments, other than to note that he had pleaded guilty to lying and therefore, should not be trusted.

NBC News has reported that Cohen met with Southern District prosecutors recently and provided them information regarding their investigations into the Trump Organization and the Trump inaugural committee.

But Cohen made allegations that also raised questions of bank, tax, charity and insurance fraud by the Trump Organization, which did not respond to an NBC News request for comment. He said Trump provided inflated financial statements to get a bank loan, fibbed to reduce his tax bills, and concocted a fake auction in which his foundation purchased a portrait of him.

"To your knowledge, did the president ever provide inflated assets to an insurance company?" asked Rep. Alexandria Ocasio-Cortez, a freshman Democrat.

"Yes," Cohen responded.

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