Cohen $130,000 Payment To Stormy Daniels Came From His Home Equity Line

on September 19, 2017 in Washington, DC.
WASHINGTON, DC - SEPTEMBER 19: Michael Cohen (L), U.S. President Donald Trump's personal lawyer, speaks to the media after finding out the Senate Intelligence Committee hearing at which they were to appear was cance... WASHINGTON, DC - SEPTEMBER 19: Michael Cohen (L), U.S. President Donald Trump's personal lawyer, speaks to the media after finding out the Senate Intelligence Committee hearing at which they were to appear was canceled, on September 19, 2017 in Washington, DC. The committee is investigating alleged Russian interference in the 2016 U.S. presidential election. (Photo by Mark Wilson/Getty Images) MORE LESS

President Donald Trump’s personal lawyer transferred funds from his home equity line to an account for his private company within the same bank — First Republic Bank — to pay porn actress Stormy Daniels $130,000 on the heels of the 2016 election.

The money was then transferred from Trump attorney Michael Cohen’s LLC account to Daniels’ lawyer, Cohen told ABC News. The origin of the funds is just the latest revelation in the saga involving Cohen and the payment he made to Daniels, whose real name is Stephanie Clifford. The payment was reportedly part of a non-disclosure agreement to keep Clifford quiet about an alleged affair she had with Trump in 2006.

Cohen has previously acknowledged he paid Clifford the $130,000 after reports surfaced that the funds were part of a hush agreement between the porn star and the President. Cohen claims the President had no knowledge of the arrangement, but Clifford, through her attorney, alleges she has evidence that would prove otherwise. One piece of evidence Clifford’s attorney shared with NBC News Friday: Cohen used his Trump Organization email address to arrange the payment.

Clifford filed a lawsuit against Trump this week, alleging the President did not sign the non-disclosure agreement, making it null, she claims. Clifford has denied the affair several times, but has made statements in interviews suggesting it might have taken place. Her attorney said she is suing Trump so she can openly discuss the alleged affair. 

Clifford gave In Touch Magazine an interview in 2011, outlining the details of the alleged affair. The transcript of the interview was published late last year.

Dear Reader,

When we asked recently what makes TPM different from other outlets, readers cited factors like honesty, curiosity, transparency, and our vibrant community. They also pointed to our ability to report on important stories and trends long before they are picked up by mainstream outlets; our ability to contextualize information within the arc of history; and our focus on the real-world consequences of the news.

Our unique approach to reporting and presenting the news, however, wouldn’t be possible without our readers’ support. That’s not just marketing speak, it’s true: our work would literally not be possible without readers deciding to become members. Not only does member support account for more than 80% of TPM’s revenue, our members have helped us build an engaged and informed community. Many of our best stories were born from reader tips and valuable member feedback.

We do what other news outlets can’t or won’t do because our members’ support gives us real independence.

If you enjoy reading TPM and value what we do, become a member today.

Sincerely,
TPM Staff
Latest Livewire
Comments
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Investigations Desk:
Reporters:
Newswriters:
Director of Audience:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: