through an essential consultants l.l.c., bob mueller knew that information in movement i think it's probably fair in all aspects of the inonvestigaob mueller is four to six months ahead of the public understanding. >> schifrin: i want to show a tweet that president trump put out in defending himself. he says the russia witch hunt is rapidly losing credibility. how about obstruction? there is no capital o obstruction. the president is fighting back. if the predent is fighting back can that be obstruction? >> obstruction can be fighting back. obstruction is corruptly trying to interfere and impede a iminal investigation. so you can go back, for example, the statement that the pre made, according to jim comey, about michael flynn, let this go, let this thing against flynn. go that certainly is evidence obstruction. what we don't know is what was the intent of the president in making those statements. was ererrupt intent behind

he is operating under at leave five l.l.c.'s that we know of? in addition to that, his building -- or his family business is actually a crucial example of how far greedy speculators are willing to go, so i hope that the tenants before me are able to explain that. afterwards, supervisor sheehy as you asked, these buildings go for $3,000-you asked, and this is right off the website -- >> supervisor sheehy: thank you. next speaker, please. >> hi. good afternoon. my name's jeanine. my partner's and i rent controlled building was bought by a very rude serial evictions speculator, that is the adam phillips, the afore mentioned.

>> reporter: the money was paid to essential consultants l.l.c., the same company michael cohen used to pay adult film star heormy daniels not to speak about her alleged affair with president trump. the transactions were first revealed in a document posted by daniels' attorney, michael avenatti. they show payments of approximately $500,000 from columbus nova, the american investment firm tied to russian billionaire viktor vekselberg, who has close ties to vladimir putin. in a statement, a lawyer for columbus nova described the money as a "consulting fee," and said that vekselberg was "not involved in the decision to hire hihen." >> i think that receiving the payments, by the personal attorney to the president, michael cohen, it's highly suspicious. it may, in fact, show criminal honduct. >> reporter: avenatti says those crimes could include bank and wire fraud, or money laundering. cohen is under federal anvestigation, and last month, f.b.i. agents raided his home and offices in new york. at&t, novartis, and korea aerospace have all confirmed they too paid cohen for consulting servic

he is operating under at leave five l.l.c.'s that we know of? in addition to that, his building -- or his family business is actually a crucial example of how far greedy speculators are willing to go, so i hope that the tenants before me are able to explain that. afterwards, supervisor sheehy as you asked, these buildings go for $3,000-you asked, and this is right off the website -- >> supervisor sheehy: thank you. next speaker, please. >> hi. good afternoon. my name's jeanine. my partner's and i rent controlled building was bought by a very rude serial evictions speculator, that is the adam phillips, the afore mentioned. he operates under 366 development for his l.l.c.'s and other buildings. he sees long-term tenants in rent controlled buildings as an impediment to his profit. we're not human beings, we're an impediment. and he wants to ellis act us and turn it into t.i.c.'s that he can rent as a high rate. please change this. my partner can't leave san francisco because that's where her doctor is, and if she leaves san francisco, her health is

landlords like veritas use an l.l.c. for every single building. this comes up in particular with some of the ellis act evictions that you'll be hearing about later. further on this, this is also a snapshot from a standard and poor analysis of a veritas loan. this entire analysis is in your packet and it shows first the breadth of neighborhoods that are being affected by this, from knob hill to the richmond, and on the very last column, that all of these buildings are affordable rents. they were below market. we've seen buildings with units that are occupied with long-term tenants are described and perceived as investment opportunities where superior returns can be achieved. and here, we have an example of a green tree notice for the -- what we call the aggressive bundling of pass through charges. companies like this have entire department and staff devoted just to pass throughs or they outsource it to third parties. there's a particular company in san francisco that specializes just in preparing the documentation of pass throughs. so what you see

the owner of my building is 275 grant street apartments, l.l.c., and for the first time in my life, i don't know the people that own the property that i live in. i understand they're part of ballas investments. for a year there's been construction all around, turning garages into apartments, and studio apartments into one bedroom, one bedroom into two bedrooms, and so on and so forth. fumes, dirt of construction constantly, no notice to the tenants of what's going on unless they're coming into the apartment, and even in that case, not always adequate. i consider the whole process of the ongoing dragged out construction a kind of psychic assault. when the scaffolding goes up right outside my fourth floor window and anyone can walk ornd there, no notice whatsoever. they can see control is urgently needed because without -- [inaudible] >> supervisor sheehy: thank you. next speaker, please. and if there are any other speakers, if they could lineup on the left, and if there's anyone outside that wants to come in, they can come in. >> hi. my name is joy with housing rights committee. i'm a

previously, he served as managing partner of hudson crossing, l.l.c., a travel industry advisory business. mccormick has served as president of bistravel.com and president of rosen bluth international. mr. mccormick, you are now recognized forify minutes for n opening statement. thank you, chairman katko, ranking member watson coleman, members of the subcommittee. we appreciate the opportunity to testify today. i'm michael mccormick, executive director and chief operating officer of the global business travel association, a role i have been since 2009. his is gbta is headquartered in alexandria with operations on six continents. we have over 9,500 members and manage over $345 billion of global business travel and meetings expenditures annually. gbta has 38 chapters across this country and operations around the world. i want to thank chairman katko for the time he recently spent in our new york state chapter. they're bragging to all the chapters about your january visit. the annual convention in the u.s. is must attend event a year for business travel. we'll have 7,000 attendees in san die

here last night michael avenatti described $4,425,033.46 that flowed through essential consultants l.l.c. and michael cohen's bank accounts. the flow of that money contains possible inaccuracies about four transactions, amounting to $20,583. so that makes michael avenatti's document 99.6% accurate. one of the inaccuracies in michael avenatti's document was a wire transfer from kenya to michael cohen for $980, but it was not michael cohen, the man who has said he would take a bullet for donald trump. it was a 26--year-old israeli named michael cohen, who told nbc news, i am an aveonic technician in ll airlines. the 26-year-old michael cohen said he had no idea how the mixup could have occurred but he's been getting lots of attention. my whole family was surprised. friends called me, it was a crazy day. it was a crazy day because of michael avenatti's 99.6% accuracy of the flows into the accounts of the man who has always called him donald trump's fixer. last night michael avenatti told us there were possibly more payments than he discovered and today that was proven true. michael cohen sh

bank statements belong to the company cohen set up to silence stormy daniels: essential consultants l.l.c., because "porn star payoffs, incorporated" was taken. ( laughter ) and the details, as i've heard them are, pretty damning. for instance, after the inauguration, cohen got $500,000 from a russian oligarch. half a mil. or as donald trump calls it: "three and a half porn stars!" ( laughter ) "that's three exafl." >> jon: wow, only three and a half. >> stephen: "sometimes you only want a half. sometimes you're not that hungry, you want just half a porn star." ( laughter ) the oligarch in question is putin ally, and let's say, inventor of the baby-smashing machine, viktor vekselberg. vekselberg is an oil and metal magnate who is under sanctions by u.s. and who "bought nine faberge easter eggs for $900 million." wow. that guy really loves easter. now, there's no proof that he actually got any access to donald trump. unless... ah-ha! ( laughter ) ( applause ) he's in there! he snuck in! special counsel robert mueller already interviewed vekselberg earlier this year, the moment vekselberg l

should it be an l.l.c. or a nonprofit, what's the size and composition of the board?ow are the board members appointed? and this is something that sort of the advocacy like friends of public banking of oakland have done a lot of thinking with this. so we want to make sure we're working with the advocacy community to make sure there's adequate community input into sort of whatever structure gets created. and then of course tax status, another big question that we've had some folks on our task force who are lawyers looking into. just to give you a sense of the analytical plan, we are midway of our task force meetings. we just finished meeting three of six. unfortunately that does not mean we're midway through the work. we're just getting started, but we're now getting into the meat of things, which is really fun? but we'll be working in collaboration with our consultant and the task force to look at pure banks, so look at sort of loan output, balance sheets, income states. then from peer banks and subject matter experts, if we want people want to do loans, is it accesso