Complexities of Stormy Daniels' Payout Mean Trump Likely Knew About It

Complexities of Stormy Daniels' Payout Mean Trump Likely Knew About It

Complexities of Stormy Daniels' Payout Mean Trump Likely Knew About It

"[Cohen] wired the money to a lawyer for former actress Stephanie Clifford, known professionally as Stormy Daniels, from an account at First Republic Bank". That occurred after Cohen apparently missed two deadlines earlier in October 2016 to make the transaction to Clifford because he couldn't get in touch with Trump in the days leading up to the election.

Mr. Cohen had said last month that he had "facilitated" the payment using his own funds, that the deal was a private transaction and that it didn't violate any laws.

A new report by the Wall Street Journal on Monday suggests that President Donald Trump knew about payments made to adult film star Stormy Daniels weeks before the election.

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"Ms. Clifford was owed the money in return for signing an agreement that bars her from discussing an alleged sexual encounter with Mr. Trump in 2006", The Journal adds. The hefty transaction, wired through an anonymous limited liability company, drew the attention of First Republic bankers, who reported it to the Treasury Department as suspicious, a second source said.

It wasn't until almost a year later that City National Bank, where Cohen's funds were received by Clifford's lawyer, launched its own internal inquiry around the transaction.

But per the WSJ report, after Trump won Cohen was complaining about how "he had yet to be reimbursed for the payment to Ms. Clifford". The bank started an inquiry into the payment a year after the payment arrived. The Wall Street Journal also reported that friends said Cohen complained about not being reimbursed for the six-figure payoff, undercutting his own claim.

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The Wall Street Journal story, however, presents a very different narrative.

Reps. Ted Lieu (D-Calif.) and Kathleen Rice (D-N.Y.) asked the Federal Bureau of Investigation last week to investigate whether Cohen coordinated the payment with Trump or his campaign.

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