'Completely illegal and absurd': Ex-Trump lawyer calls out moves to 'loot the treasury'

A former attorney for President Donald Trump slammed his $10 billion lawsuit against the IRS and plan to create a $1.7 billion fund.

"It's completely illegal and absurd," attorney Ty Cobb said Saturday on MS NOW. "The case against the IRS is a completely fabricated vehicle for Trump to try to loot the treasury."

Trump has said that he plans to drop his $10 billion lawsuit against the IRS, which he oversees as chief executive, in favor of a $1.7 billion fund to pay off allies – including Jan. 6 rioters – who say they were attacked and had their tax information disclosed by the Biden administration.

Cobb explained that Trump's lawsuit should be limited by a "two-year statute of limitations."

"The statute involved only allows $1,000 per disclosure," Cobb said. "There's an argument that there may have been, somewhere between one and 10 disclosures" by the Biden administration.

"There's no argument that supports the 10,000 or more disclosures that would be necessary to get him to $10 billion," Cobb continued. "It's really, really absurd."