1
Trump Legal Investigations / Re: Live Thread: Trump's hush money trial begins in NYC
« Last post by mystery-ak on Today at 08:37:10 pm »Quote
3 minutes ago
Michael Cohen to resume testimony on Tuesday
By Ben Kochman
We’re done for the day. We’ll be back tomorrow at 9:30 a.m. with more testimony from Trump’s fixer-turned foe, Michael Cohen.
Quote
4 minutes ago
Here's how Trump's business reimbursed Cohen for the hush money payout, per trial evidence
By Ben Kochman
Then-Trump Organization CFO Allen Weisselberg wrote down notes explaining the scheme to reimburse Michael Cohen for his $130,000 payout to Stormy Daniels, trial evidence shows.
Weisselberg scrawled messy notes explaining the scheme on a copy of a bank statement for Cohen's shell company that was used to make the Daniels payout, Essential Consultants LLC.
Here's how it worked:
-- They started with a $130,000 payment to reimburse Cohen for paying the Daniels hush money.
-- They then added $50,000 owed to Cohen to reimburse him for paying an IT firm called "Red Finch," which Cohen testified he hired to rig online polls in favor of Trump in 2015.
-- Then they doubled $180,000 to $360,000 to make up for the roughly 50% taxes the Midtown Manhattan resident would have to pay because he was in a high tax bracket.
-- They then added an extra $60,000 as a "bonus" to make up for Trump apparently stiffing Cohen on a bonus the previous year.
-- Weisselberg told Cohen that the new total of $420,000 would be paid out in 12 installments of $35,000 throughout 2017.
Quote
7 minutes ago
Trial is done for day, back tomorrow at 9:30 a.m
We're done for the day. We'll be back tomorrow with more testimony from Trump's fixer-turned foe, Michael Cohen.