Michael Cohen admitted under oath that he stole tens of thousands of dollars from former President Donald Trump’s organization.
Looks like Cohen, the prosecution’s star witness, continues to tank the case.
When Michael Cohen met with Trump Organization chief financial officer Allen Weisselberg in January 2017 to discuss being reimbursed for his $130,000 payment to Stormy Daniels, he also wanted $50,000 for a payment to Red Finch, a technical services company. But Cohen had actually paid Red Finch $20,000.Weisselberg wanted to “gross up” Cohen’s payment by doubling it, Cohen and a Trump Organization official have testified, supposedly to help Cohen pay the taxes on money that was being reported as income. So the $50,000 reimbursement was doubled to $100,000 — $60,000 more than if Cohen had been honest about the true amount.The Daniels payment was also doubled to $260,000 for tax purposes, and Weisselberg added a $60,000 bonus for a grand total of $420,000, payment records show. Cohen then received that money in installments over the next 12 months.“You stole from the Trump Organization?” defense attorney Todd Blanche asked. “Yes,” Cohen said.“You told multiple prosecutors in the district attorney’s office that story?” Blanche asked. “Yes sir,” Cohen answered.“Did you ever have to plead guilty to larceny?” Blanche inquired. “No sir,” Cohen replied.“Have you paid back the Trump Organization the money you stole from them?” Blanche asked. “No sir,” Cohen said.
Trump faces 34 counts of falsifying business records regarding a $130,000 hush money payment to porn star Stormy Daniels.
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