Michael Cohen Was Paid More Than $4 Million by Promising Access to Trump, Prosecutors Say
Federal prosecutors on Friday provided new details on the extent of former Donald Trump fixer Michael Cohen’s attempts to cash in on his access to President Trump, detailing more than $4 million that Cohen extracted from major corporations in return for his supposed insight into White House policy making.
According to prosecutors, Cohen, who has pleaded guilty to eight federal criminal charges, immediately sought to monetize his connections to Trump in the wake of his former boss’ 2016 election victory.
“Cohen successfully convinced numerous major corporations to retain him as a ‘consultant’ who could provide unique insights about and access to the new administration,” prosecutors wrote in a sentencing memo filed on Friday. “Some of these corporations were then stuck making large up-front or periodic payments to Cohen, even though he provided little or no real services under these contracts. Bank records reflect that Cohen made more than $4 million dollars before the contracts were terminated.”
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Author: By Lachlan.Markay@thedailybeast.com (Lachlan Markay) Erin.Banco@thedailybeast.com (Erin Banco) firstname.lastname@example.org (Asawin Suebsaeng)