Former Trump attorney Michael Cohen admitted to stealing thousands of dollars from the Trump Organization by overstating payments to a tech company that provided services to the organization. This came to light during Cohen’s testimony, where he revealed that he and former Trump Organization CFO Allen Weisselberg calculated a repayment to Cohen for his payment to Stormy Daniels, which was intended to quiet her claims of an affair with Trump in 2006. Cohen admitted to lying about the amount he paid the tech company, pocketing a $30,000 difference.
Cohen testified that he withdrew cash from TD Bank to pay the tech company, Red Finch, over the course of a couple of days, ultimately giving them about $20,000 instead of the full $50,000. Despite this, Cohen was still reimbursed by the Trump Organization for the full amount. When questioned about his actions, Cohen admitted to lying to Weisselberg about the amount he needed for Red Finch, leading to the discrepancy. He confessed that he had not paid back the Trump Organization for the money he stole.
Cohen’s testimony has lasted four days, with Trump’s legal team anticipating wrapping up cross-examination on Monday, followed by closing arguments the following week. During his testimony, Cohen revealed that he had used personal funds, including a home equity line of credit, to make the payment to Stormy Daniels in 2016, at Trump’s request. Trump has denied any affair with Daniels and pleaded not guilty in the case. A former lawyer who advised Cohen, Robert Costello, testified that Cohen is a serial liar, adding another layer of complexity to the case.
Trump had repeatedly denied any involvement with Daniels. The messy situation also saw Cohen admitting to lying about the amount he paid the tech company. The trial is set to continue following the holiday weekend, with closing arguments expected next week. Cohen’s ongoing testimony has shed light on the inner workings of the Trump Organization and the questionable practices that took place during Trump’s tenure as the head of the company.
The Cohen case has drawn significant attention due to its connection to Trump and his former organization. Cohen’s admission of stealing money from the Trump Organization has raised questions regarding the financial practices and ethics within the Trump Organization. Despite Trump’s denial of any involvement, the ongoing trial and Cohen’s testimony have continued to reveal new details and shed light on the inner workings of the organization. The legal proceedings are expected to continue for some time, with closing arguments anticipated next week after the Memorial Day holiday.
