WSJ: Cohen Created Shell Company to Buy Karen McDougal's Story

[DonViejo]

Source: The Daily Beast



President Donald Trump’s former personal attorney, Michael Cohen, developed a new shell company for the purpose of buying former Playboy model Karen McDougal’s story, according to a report. The Wall Street Journal reports that Cohen created Resolution Consultants LLC in September 2016 to “purchase the rights” to McDougal’s story, which claimed she had an affair with Trump, from The National Enquirer. The newspaper had bought the story from McDougal for $150,000 a month earlier. Cohen and an executive from American Media Inc.—which owns the Enquirer—reportedly discussed the sale but the company “declined” to move forward. Cohen dissolved Resolution Consultants in October 2016, and then created Essential Consultants, which he used to pay adult film star Stormy Daniels $130,000 as part of a hush agreement regarding her alleged affair with the president. This comes after a recording was released Tuesday in which Trump and Cohen can be heard discussing the payment to McDougal.

READ IT AT WALL STREET JOURNAL

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Read more: https://www.thedailybeast.com/wsj-cohen-created-shell-company-to-buy-karen-mcdougals-story?ref=home

[woodsprite]

1. Sounds like DE needs to tighten their LLC laws. n/t

[BumRushDaShow]

2. Delaware seems to enjoy their status as a bankers' haven

like South Dakota.

Interesting little throw-back article about them - https://www.upi.com/Archives/1983/02/18/Tiny-Delaware-a-favorite-spot-for-big-banks/2906414392400/

[SWBTATTReg]

3. No wonder RUMP has so many companies, eh? nt

[Fullduplexxx]

4. Why create shell companies to pay hookers?

[duforsure]

5. They committed fraud

And conspired to commit the crime.

[meadowlander]

6. And who are Resolution Consultants' other clients?

Essential Consultants was a bribery bonanza.