https://www.nationalreview.com/2018/08/new-york-state-probes-michael-cohen-trump-organization-payments/
Did the president’s company violate the law in representing pay-off reimbursements to Cohen as legal fees?
Earlier today, we posted my column about yesterday’s revelation that federal prosecutors in Manhattan granted immunity to two American Media Inc. executives, including CEO David Pecker, a longtime friend and collaborator of President Trump’s. As I detail in the column, while news of the immunity grants just broke yesterday, the grants almost certainly happened many weeks ago — likely just after the April search warrants executed at Michael Cohen’s office and residences. The point, it appears, was to shore up the case against Cohen, President Trump’s former lawyer. The immunity grants are not a new development signaling sudden momentum in an investigation of President Trump. Of course, if there is such an investigation, they would be relevant.
In the column’s penultimate paragraph, I note that in the eight-count criminal information to which Cohen pled guilty on Tuesday, prosecutors suggested that fraud may have been committed by Cohen and the Trump Organization (President Trump’s real-estate conglomerate). At issue is the manner in which Cohen was reimbursed for the $130,000 hush-money payment to Stephanie Clifford (the porn star better known as Stormy Daniels). Specifically, there are peculiarities in the way Cohen’s reimbursement was totaled up, invoiced, and processed for payment.
Right about the time I submitted the column to my tireless editors late last night, the New York Times broke the news that the Manhattan district attorney’s office is considering criminal charges against the Trump Organization over these payments.
The Times’ William K. Rashbaum reports that this state probe is in its infancy. This, no doubt, is because it was triggered by the aforementioned criminal information the feds filed against Cohen — to be precise, the part of the Cohen case outlined in the last four paragraphs of the “Campaign Finance Violations” section of the press release issued by the U.S. attorney for the Southern District of New York (SDNY).
So . . . what’s this all about?
First, the president has indicated that he personally reimbursed Cohen for the $130,000 Stormy Daniels pay-off. As noted in my aforementioned column, this is important because, under campaign-finance law, there is no dollar limit on what a candidate may spend on his own campaign (while other donors have a $2,700 ceiling, which is why Cohen was charged). One question that federal prosecutors have certainly looked into is whether the president himself paid Cohen, as opposed to reimbursing him through a Trump business entity.