IT40 News for 08/22/2018

#10 Trump’s company approved $420,000 in payments to Cohen, relying on ‘sham’ invoices, prosecutors say

© Craig Ruttle/AP
Michael Cohen, former personal lawyer to President Donald Trump, leaves federal court after reaching a plea agreement in New York, Tuesday, Aug. 21, 2018. (AP Photo/Craig Ruttle)

President Trump’s real estate company authorized paying $420,000 to lawyer Michael Cohen in his effort to silence women during the presidential campaign and then relied on “sham” invoices from Cohen that concealed the nature of the payments, according to legal filings released Tuesday.

The payments began flowing in February 2017, soon after Trump took office, when Cohen approached Trump Organization executives seeking to be reimbursed for “election-related” expenses, prosecutors said.

That included a $130,000 payment Cohen had made to adult-film star Stormy Daniels so she would remain silent about an alleged affair with Trump, according to the court documents.

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Trump executives decided Cohen should be paid more than he sought — an additional $360,000 for expenses and other fees and taxes, plus a $60,000 bonus, prosecutors said.

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