Trump Hush-Money Payment Revealed in Bank Records [View all]
Source: Bloomberg
The first document identifies the various accounts where Cohen was listed as the primary account holder: checking accounts, a home equity line of credit, or HELOC, and a couple of homes. The HELOC is noteworthy because that’s what Cohen has said he used to fund Essential Consultants.
Trump “directed me to use my own personal funds from a home equity line of credit,” Cohen testified before Congress in 2019, “to avoid any money being traced back to him that could negatively impact his campaign.”
The second document is the signature card agreement authorizing First Republic to open an account for Essential Consultants, where Cohen is listed as the only signatory. It’s dated Oct. 26, 2016, one day before the $130,000 hush money payment was wired to Daniels.
The third and fourth documents are the certificates of formation acknowledging that Essential Consultants was set up as an LLC in Delaware. It’s dated Oct. 17, 2016, 10 days before Daniels was paid, and was signed by Cohen.
Read more: https://www.bloomberg.com/news/newsletters/2024-05-10/trump-trial-bank-records-show-130k-hush-money-payment-to-stormy-daniels?utm_medium=social&cmpid%3D=socialflow-twitter-politics&utm_content=politics&utm_campaign=socialflow-organic&utm_source=twitter
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