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does the llc have any employees? >> other than michael cohen who i don't think technically is an employee, we're not aware of any employees at the llc. >> and that's typical of llcs. it's very common that they don't have any employees, especially when they're shell likes this for moving money. >> correct. >> but michael cohen is only the person we know with a formal association with that llc, isn't he? >> that's true. >> so when you say you have reason to believe that the money that went into this llc went to people or a person other than michael cohen, and you made a reference to it possibly being the president of the united states, are you suggesting that you have information, that the money that went into that llc found its way to donald trump? >> no. but we don't know one way or the other. here is what i believe. a significant sum of money came in to the llc during the time period of october 2016 until january at many minimum of this year. okay? a lot of money came into the llc. far beyond the $500,000. far beyon
does the llc have any employees? >> other than michael cohen who i don't think technically is an employee, we're not aware of any employees at the llc. >> and that's typical of llcs. it's very common that they don't have any employees, especially when they're shell likes this for moving money. >> correct. >> but michael cohen is only the person we know with a formal association with that llc, isn't he? >> that's true. >> so when you say you have reason to...
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May 26, 2018
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you set up an llc. he's got one. it's a fascinating llc. the pay stormy daniels llc, it's the pay i think get payment for arranging for a payment for elliott broidy, a fund-raiser for his affair and a woman who became pregnant by him and terminated that pregnancy. it's the pay, the receivables for novartis and at&t and a korean jetmaker and also victor veksalburg. why is there one llc doing all there. >> i think the answer to that is is that you know, michael cohen was lazy at the time and he wanted to establish this single llc. when he established the llc for the purpose of making the payment to my client, there's no question that's at least the initial purpose. >> that is when it's created. >> because of the timing, yes, it's creates within a couple weeks of making that payment in late october of 2016. what's amazing to me is, or it's not that amazing to me because i have some insight now into michael cohen's ability as a lawyer which i don't have any respect for. he actually signed the llc incorporation papers in the state of delaware an
you set up an llc. he's got one. it's a fascinating llc. the pay stormy daniels llc, it's the pay i think get payment for arranging for a payment for elliott broidy, a fund-raiser for his affair and a woman who became pregnant by him and terminated that pregnancy. it's the pay, the receivables for novartis and at&t and a korean jetmaker and also victor veksalburg. why is there one llc doing all there. >> i think the answer to that is is that you know, michael cohen was lazy at the...
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May 26, 2018
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you set up an llc. he's got one. it's a fascinating llc. the pay stormy daniels llc, it's the pay, get payment for arranging for a payment for elliott broidy, an rnc fund-raiser for his affair and a woman who became pregnant by him and terminated that pregnancy. it's the pay, the receivables for novartis and at&t and a korean jet maker and also viktor vekselberg. why is there one llc doing all this? >> i think the answer to that is is that, you know, michael cohen was lazy at the time and he wanted to establish this single llc. when he established the llc for the purpose of making the payment to my client, there's no question that's at least the initial purpose. >> that is when it's created. >> because of the timing, yes, it's created within a couple weeks of making that payment in late october of 2016. what's amazing to me is, or it's not that amazing to me because i have some insight now into michael cohen's ability as a lawyer, which i don't have any respect for. he actually signed the llc incorporation papers in the state of delaware an
you set up an llc. he's got one. it's a fascinating llc. the pay stormy daniels llc, it's the pay, get payment for arranging for a payment for elliott broidy, an rnc fund-raiser for his affair and a woman who became pregnant by him and terminated that pregnancy. it's the pay, the receivables for novartis and at&t and a korean jet maker and also viktor vekselberg. why is there one llc doing all this? >> i think the answer to that is is that, you know, michael cohen was lazy at the time...
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May 25, 2018
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retail llc is the corporate entity behind trump store.com. and as you know there are unanswered questions about this separate physical trump store
retail llc is the corporate entity behind trump store.com. and as you know there are unanswered questions about this separate physical trump store
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but it was always used for legitimate businesses. >> i have no idea. >> there's other llcs. you could have -- if you're doing legitimate work, you could set up a shingle and you want people to know that you're working for at&t or for some of these other companies. >> it appears as if he didn't really want this known. but again, i don't understand. in november or december of 2016, michael cohen does not appear to have had any of these clients. like novartis or at&t or the russian oligarch-run entity. these appear to not have been his clients in 2016. it was only after the president donald trump was elected president in late 2016 that all of a sudden michael cohen became an expert in business consults and insights into the administration. and all of a sudden the guy is paid millions of dollars. >> lobbyists are often paid lots of money. but michael cohen is not registered. >> they register and they have to disclose things and there's rules and regulations. let us not forget that mr. trump when he ran for president, he said he was going to drain the swamp. wasn't going to take
but it was always used for legitimate businesses. >> i have no idea. >> there's other llcs. you could have -- if you're doing legitimate work, you could set up a shingle and you want people to know that you're working for at&t or for some of these other companies. >> it appears as if he didn't really want this known. but again, i don't understand. in november or december of 2016, michael cohen does not appear to have had any of these clients. like novartis or at&t or...
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hans humes of greylock capital management llc.tion is expected to have another election win and six more years in power for the currently there. talk about how that fits with a great emerging-market sori as we talk about this guy remaining in control perhaps for the next six years. hans: the thesis around venezuela is where it has been historically. was the wealthiest country in latin america in the 19 century with gdp. julia: more reserves and saudi arabia. hans: exactly. arabia.saudi the infrastructure needs to be re-billed. how long can a maduro regime stay outside of the fold? the sanctions make it extremely difficult to finance any kind of rebuilding. i think the pressure is on venezuela to figure out a way, in the aftermath of the elections, how to reintegrate. >> it is basically a pariah state, right? hans: it is. the countries it is grouped within north korea, russia, and i ron, you have three --iran and you have three countries in the fold in the u.s. trying to block them. you might see an opportunity for these countries
hans humes of greylock capital management llc.tion is expected to have another election win and six more years in power for the currently there. talk about how that fits with a great emerging-market sori as we talk about this guy remaining in control perhaps for the next six years. hans: the thesis around venezuela is where it has been historically. was the wealthiest country in latin america in the 19 century with gdp. julia: more reserves and saudi arabia. hans: exactly. arabia.saudi the...
SFGTV: San Francisco Government Television
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May 20, 2018
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this is a case of cereal parenting that was concealing the true intent of this llcs. and it is within your jurisdiction to declare this illegal. this is going to go back to the planning commission, we need your support and we need your verdict so when we go to the planning commission to go through the plans. this particular llc shall be punished and shall not get the forefoot judge for the house of fine arts that they are building so they can gain and make money off the infractions and off the crimes that they've committed. the people that lived next door, their homes are in jeopardy. how could somebody claimed that they didn't know the contractor didn't know, this person, this is not a person. this is not a homeowner. this is the same sob story that we here. so i am here to implore you. please do give a verdict that we can use to go back to the planning department. this is been a ping-pong. we weighed for you to come up for a verdict so we can have an say, please, commissioners, it is within your jurisdiction to give a bit -- guilty verdict and punish this bad apple.
this is a case of cereal parenting that was concealing the true intent of this llcs. and it is within your jurisdiction to declare this illegal. this is going to go back to the planning commission, we need your support and we need your verdict so when we go to the planning commission to go through the plans. this particular llc shall be punished and shall not get the forefoot judge for the house of fine arts that they are building so they can gain and make money off the infractions and off the...
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and his llc. according to reports, the pharmaceutical to your report, the pharmaceutical company paid cohen $399,920 in four payments in late 2017 and 2018. here's what they say. in the agreements with the central consultant entered before our current ceo taking office in february of this year and have expired. do you no he if there is anything improper about the payments? >> you know, again, what is that statement? that's a piece of trash that statement. it doesn't tell us anything. so what if the agreements are expired and so what fit was the prior ceo. that calls into question -- that raises suspiciouses even greater. why not just tell people what the agreement was, what it was for, what did you pay the guy for? if you look at the payment amounts, they're exactly i think $20 less than even $100,000. it looks like they're structured payments zinld at that amount to avoid some reporting requirement or something -- >> so they wouldn't trigger something. >> so they wouldn't trigger the $100,000. th
and his llc. according to reports, the pharmaceutical to your report, the pharmaceutical company paid cohen $399,920 in four payments in late 2017 and 2018. here's what they say. in the agreements with the central consultant entered before our current ceo taking office in february of this year and have expired. do you no he if there is anything improper about the payments? >> you know, again, what is that statement? that's a piece of trash that statement. it doesn't tell us anything. so...
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when michael cohen opened a first republic bank for essential consults llc, he told the bank the llc was set up to use his experience in real estate to consult on commercial and residential deals. he told the bank his actions would be modest and based within the united states. in fact, the compliance officers wrote, a significant portion of the target account depo sirts continue to originate from entities that have no apparent connection to real estate or apparent need to engage cohen as a real estate consultant. a significant portion of the deposits continues to be derived from foreign entities. david murray, who will join our conversation, told the new yorker, there are a ton of red flags here. the pattern of activity has indicators that are inherently suspicious and the volume and source of funds do not match the account profile that was built when the account was opened. there was possibly tax fraud. ronan farrow wrote that michael cohen used it to pay his american express, at&t, and mercedes-benz bills marking account numbers on the memo lines of his checks. he paid initiation f
when michael cohen opened a first republic bank for essential consults llc, he told the bank the llc was set up to use his experience in real estate to consult on commercial and residential deals. he told the bank his actions would be modest and based within the united states. in fact, the compliance officers wrote, a significant portion of the target account depo sirts continue to originate from entities that have no apparent connection to real estate or apparent need to engage cohen as a real...
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this week after michael avenatti revealed the millions of dollars in payments that michael cohen's llc has received after he used that llc to pay stormy daniels $130,000, including the payment of a $500,000 in flow from a company with strong family ties and business ties to the russian oligar oligarch, viktor vekselberg. that is the payment exposed by michael avenatti that has finally brought the stormy daniels story together with the russian influence in trump world story. it has been michael avenatti's most important moment so far, and most startling revelation about michael cohen. and rudy giuliani has nothing to say about it. not a word. this week rudy giuliani has been silenced, either because the president realizes how much damage rudy giuliani does every time he opens his mouth, or rudy giuliani and the trump team cannot think of a single thing to say about michael cohen pulling in multi-million dollar paychecks by selling access to donald trump, or both. as expected. we're learning more about the big payments to michael cohen every day. but president trump's audience in indiana
this week after michael avenatti revealed the millions of dollars in payments that michael cohen's llc has received after he used that llc to pay stormy daniels $130,000, including the payment of a $500,000 in flow from a company with strong family ties and business ties to the russian oligar oligarch, viktor vekselberg. that is the payment exposed by michael avenatti that has finally brought the stormy daniels story together with the russian influence in trump world story. it has been michael...
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so who else was doing business with this shady llc? other russians? mafia kingpins? porn producers?l, it turns out, at&t made four payments totaling $200,000 between october 2017 and january 2018. and it just so happens that at&t has a proposed merger with time warner pending before the justice department. so there's only two possible explanations. either at&t was trying to secretly influence administration policy by funneling money to a shell company. or at&t also had an affair with stormy daniels. [ laughter and applause ] "hey girl, how about i come to your place sometime between 10:00 a.m. and 6:00 p.m.?" [ light laughter ] now after the news broke, at&t issued a super unconvincing statement that tried claim the contract with cohen's company was above board. they said, "essential consulting was one of several firms we engaged in early 2017 to provide insights into understanding the new administration." "understanding the new administration?" if you were making secret payments to a shell company owned by the president's fixer, it sounds like you understood the new administration
so who else was doing business with this shady llc? other russians? mafia kingpins? porn producers?l, it turns out, at&t made four payments totaling $200,000 between october 2017 and january 2018. and it just so happens that at&t has a proposed merger with time warner pending before the justice department. so there's only two possible explanations. either at&t was trying to secretly influence administration policy by funneling money to a shell company. or at&t also had an affair...
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he and his cousin routed eight payments to michael cohen to essential consultants llc through a company called columbus nova, beginning in january 2017 and continuing until at least august 2017. columbus nova is a private equity firm with over $2 billion in assets. columbus nova is the u.s. investment vehicle for renova group, which is a multinational company controlled by viktor vekselberg. okay. so, michael cohen, president's lawyer, with a background in, like, the taxi business, sets up this little delaware shell company as a way of paying the porn star, paying stormy daniels that $130,000 right before the election. he says publicly to come up with that $130,000 to pay stormy daniels, he had to take out a home equity line of credit. a new lawyer for the president, rudy giuliani, says that ultimately that $130,000 was slowly reimbursed to mr. cohen over a period of months when the president paid michael cohen $35,000 a month over time during 2017. well, we now find out that that little company that paid out the 130 grand to stormy daniels apparently causing significant financial hards
he and his cousin routed eight payments to michael cohen to essential consultants llc through a company called columbus nova, beginning in january 2017 and continuing until at least august 2017. columbus nova is a private equity firm with over $2 billion in assets. columbus nova is the u.s. investment vehicle for renova group, which is a multinational company controlled by viktor vekselberg. okay. so, michael cohen, president's lawyer, with a background in, like, the taxi business, sets up this...
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that's where these sham llc concerns come in.hat kind of consulting was michael cohen doing for a massive investment firm that doesn't necessarily have business in the administration, like at&t with their merger. this is highly suspicious. what is michael cohen actually offering in a form of any consulting to such a significant company, and that's why the connection to vekselberg reeks as eddie said. >> can michael cohen be doing all of this without trump's knowledge? i spoke to a ceo this morning who knows michael cohen and he knows donald trump. he said watch out, there's a good chance cohen built this side-hustle around the president without trump even being aware. and if that's the case, the president's not going to like that. >> here's one we do know about donald trump, though, he hates it when people in his circle of trust monetize his name. monetize his brand. they got into big trouble when they went to china. >> yeah. >> he doesn't like it. he calls it conflict. and michael cohen has wanted trump's affection. he's wanted
that's where these sham llc concerns come in.hat kind of consulting was michael cohen doing for a massive investment firm that doesn't necessarily have business in the administration, like at&t with their merger. this is highly suspicious. what is michael cohen actually offering in a form of any consulting to such a significant company, and that's why the connection to vekselberg reeks as eddie said. >> can michael cohen be doing all of this without trump's knowledge? i spoke to a ceo...
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llcs or usually set up to mask who the person is behind it.the formation documents himself as opposed to having another attorney do it. >> right. that's true. to the point about what he's doing and why he's doing it. also, one of the things that i think is interesting is the russian oligarch who is pushing in this $500,000 is also someone recently sanctioned by the american government for having been involved in the election influencing. so the question of really where that money is coming from and why seems to be -- it feels to us that there is something more that we want to know. >> we should point out that the american subsidiary says the russian oligarch had nothing to do with it, nothing to do with the payment, nothing to do with michael cohen being hired for any purposes. but, again, we don't know what that money was used for. you know, michael avenatti has raised the specter that why are companies now suddenly in the wake of mr. trump's election suddenly now coming to michael cohen and giving him hundreds of thousands of dollars for his
llcs or usually set up to mask who the person is behind it.the formation documents himself as opposed to having another attorney do it. >> right. that's true. to the point about what he's doing and why he's doing it. also, one of the things that i think is interesting is the russian oligarch who is pushing in this $500,000 is also someone recently sanctioned by the american government for having been involved in the election influencing. so the question of really where that money is...
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. >> let's again with the $500,000 paid to michael cohen llc. is it clear to you why this company would have paid michael cohen after the election payments up to $500,000. >> it is not clear to us yet. but what we do know is there was about a half a million payments that took place between january of 2017 so after the election that occurred in november 2016 and up through approximately august of 2017. so about an eight-month time period of payments totallying approximately half a million dollars. yet to hear an explanation from michael cohen as to why a personal attorney to the president of the united states who at the time was employed by the trump organization would be accepting payments from a russian oligarch to a tune of half a million dollars. >> columbusnova which is an affiliate of this russian company. this oligarch did not have any involvement with the transaction. do you have evidence to the contrary? >> we do have evidence of the contrary. also we have the ceo, who is the cousin of the oligarch. and what is the explanation for the ha
. >> let's again with the $500,000 paid to michael cohen llc. is it clear to you why this company would have paid michael cohen after the election payments up to $500,000. >> it is not clear to us yet. but what we do know is there was about a half a million payments that took place between january of 2017 so after the election that occurred in november 2016 and up through approximately august of 2017. so about an eight-month time period of payments totallying approximately half a...
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we helped with his llc, contracts, and some other stuff that's part of running a business. the beat. you hear that? this is frank's record shop. and this is where life meets legal. >>> new fallout from president trump's decision to violate the iranian nuclear deal and pull out. the treasury department is announcing sanctions. meanwhile, violence is intensifying in the middle east. israel and iran have been conducting a shadow war in syria for months. now the conflict is right out in the open. escalating fears the simmering confrontation between the two countries could boil over. israeli officials admit they struck dozens of iranian targets inside of syria overnight, hitting infrastructure and military advisors who are there to prop up iran's ally, syrian president assad. israel says the strikes were a counter-attack after iran fired rockets at israeli military sites in the golan heights and that they will quote not allow iran to establish itself militarily in syria. the white house put out a statement condemning iran's provocative rocket attacks and strongly supporting isra
we helped with his llc, contracts, and some other stuff that's part of running a business. the beat. you hear that? this is frank's record shop. and this is where life meets legal. >>> new fallout from president trump's decision to violate the iranian nuclear deal and pull out. the treasury department is announcing sanctions. meanwhile, violence is intensifying in the middle east. israel and iran have been conducting a shadow war in syria for months. now the conflict is right out in...
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. >> let's begin with the $500,000 paid to michael cohen's llc, columbus nova, affiliated by a russian oligarch with ties to putin. is it clear to you why this company would have paid michael cohen after the election payments up to $500,000? >> it's not clear to us yet, but what we do know is that there were about $500,000 worth of payments that took place since january 2017, so after the election that took place in november 2w0i016. totally approximately $500,000. we have yet to hear an explanation from michael cohen to why the personal attorney to the president of the united states, for at least a portion of that time was employed by the trump organization, would be accepting payments from a russian oligarch to the tune of $500,000. >> we should point out that the attorney for the american company, columbus nova, an affiliate of this russian company. they say the company made the payment. this russian oligarch, vekselberg, did not have any involvement with the transaction or decision to hire michael cohen. do you have evidence to the contrary? >> we do have evidence to the contrary.
. >> let's begin with the $500,000 paid to michael cohen's llc, columbus nova, affiliated by a russian oligarch with ties to putin. is it clear to you why this company would have paid michael cohen after the election payments up to $500,000? >> it's not clear to us yet, but what we do know is that there were about $500,000 worth of payments that took place since january 2017, so after the election that took place in november 2w0i016. totally approximately $500,000. we have yet to...
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but he also set up an llc in south dakota called bridges llc.eter got erickson on the phone and asked him, what was this llc for, he said it was for postgraduate courses for maria butina, the lady i referenced before, who took over the operations of the russian gun rights group right to bear arms. >> so suddenly this is the potential go between company that may have funneled money. one potential avenue. >> right. and only thing i'd say about this whole thing is that this is a counter intelligence operation. whether we'll ever find out what the fbi discovered is unclear. but the dynamic that is so interesting to me, you have trump whose biggest donor was the nra, he puts in a new fbi director chris wray and one of the he first things he's confronted with is investigating trump's biggest donor. >> an interesting point. one final question. you were one of the by lines along with peter stone on a pretty blockbuster report a couple weeks ago that other news organizations haven't been able to match, which you want to be first, but you want to know tha
but he also set up an llc in south dakota called bridges llc.eter got erickson on the phone and asked him, what was this llc for, he said it was for postgraduate courses for maria butina, the lady i referenced before, who took over the operations of the russian gun rights group right to bear arms. >> so suddenly this is the potential go between company that may have funneled money. one potential avenue. >> right. and only thing i'd say about this whole thing is that this is a...
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essential consultants may not have bnt oneen the only llc he for these purposes. the likelihood mueller asked these questions for a reason, not just out of curiosity. >> thank you so much to both of you. next, israel's prime minister says iran has crossed a red line after an unprecedented exchange of fire between the two countries. we'll break down what it means just days after president trump pulled out of the iran deal. plus senator john mccain urges his colleagues to vote no on a controversial nominee for cia chief. and later, monica lewinsky publicly scolding "town and country" magazine for uninviting her to an event. the reason -- president bill clinton rsvp'd yes. with new creations like savory crab-topped shrimp, and parmesan truffle shrimp scampi you better hurry in before shrimp trios is gone. but prevagen helps your brain with an ingredient and parmesan truffle shrimp scampi originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. pah! thano, no, no, nah.k. a bulb of
essential consultants may not have bnt oneen the only llc he for these purposes. the likelihood mueller asked these questions for a reason, not just out of curiosity. >> thank you so much to both of you. next, israel's prime minister says iran has crossed a red line after an unprecedented exchange of fire between the two countries. we'll break down what it means just days after president trump pulled out of the iran deal. plus senator john mccain urges his colleagues to vote no on a...
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setting up an llc is not hard. he seems to have one that he uses as a combo hush money payment fund/receipts payable for consulting services. but i imagine in the time you worked as a prosecutor, people can get very complex in the ways they set up their financial dealings. >> not only people get complex, but in my experience prosecuting russian organized crime cases, they get very complex. and russia organized crime is a different animal than italian organized crime, the mafia there is no breaking legs. it's a sort of sophisticated fraud-based organized crime where money laundering and extracting the money out of the business series the most difficult thing to do. and that's why the relationship between viktor yanukovych and columb -- viktor vekselberg and columbus nova is so interesting. is viktor vekselberg using columbus nova to funnel money out which all of the oligarchs want to do and get it over to the united states and into dollars which is much more desirable than the ruble. when you're looking into all the
setting up an llc is not hard. he seems to have one that he uses as a combo hush money payment fund/receipts payable for consulting services. but i imagine in the time you worked as a prosecutor, people can get very complex in the ways they set up their financial dealings. >> not only people get complex, but in my experience prosecuting russian organized crime cases, they get very complex. and russia organized crime is a different animal than italian organized crime, the mafia there is no...
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but again, documents show that at least $4 million was paid to his llc, his shell company. and we, as of now, do not know ultimately who was the recipient of that money. a reminder that cohen himself has said nat $130,000 daniels payment stretched him so thin that he had to take out a home equity line of credit to pay that hush money. so the big question we are asking today, what was that $4 million for and where is it now? we'll turn to our team of reporters for the latest in just a moment. but let's discuss the legal implications of these revelations. benjamin wittis, senior fellow in governance studies at brookings institution. here in the newsroom for once finally, joyce vance, a former u.s. attorney and professor at the university of alabama school of law and an msnbc contributor. that is lot to take in what we just went there through. but it was a big story that was broken yesterday. all of these companies paying this other company, essential consulting, which really is just michael cohen for presumably insights into the trump administration. legally speaking, do you
but again, documents show that at least $4 million was paid to his llc, his shell company. and we, as of now, do not know ultimately who was the recipient of that money. a reminder that cohen himself has said nat $130,000 daniels payment stretched him so thin that he had to take out a home equity line of credit to pay that hush money. so the big question we are asking today, what was that $4 million for and where is it now? we'll turn to our team of reporters for the latest in just a moment....
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captioning sponsored by newshour productions, llc newshour productions, llc >> woodruff: good eveninuf i'm judy woog, on the newshour tonight, israel's prime minister claims h ir been lying to the world about its nuclear program, violating the nuclear deal. then, north korean leaderng kim n reportedly vows to abandon his nuclear weapons if the u.s. promises not to attack, as more diplomatic progress paves the way ahead of a historic summit. plus, i sit down with former f.b.i. diretor james comey to talk where the russian probe stands today, and revelations b from his nk. >> early , people were seizing on a portion of the book, a paragraph where i describe m first impression of trump andt people took it, distorted it in mygopinion, as if i was tak, shots at the guy, which i h sn't. i was trying to be an author. >> wood:
captioning sponsored by newshour productions, llc newshour productions, llc >> woodruff: good eveninuf i'm judy woog, on the newshour tonight, israel's prime minister claims h ir been lying to the world about its nuclear program, violating the nuclear deal. then, north korean leaderng kim n reportedly vows to abandon his nuclear weapons if the u.s. promises not to attack, as more diplomatic progress paves the way ahead of a historic summit. plus, i sit down with former f.b.i. diretor...
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May 6, 2018
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of a complaint filed is the notion lawyer forl cohen, donald trump who made the payments through in llc -- an llc, effectively made an in-kind contribution to donald trumps campaign in giving this hush money to stormy daniels. the argument, if you believe it, is this money benefited donald trump's campaign and must be disclosed. the other notion is that donald trump, by giving the money himself or by being the originator of this payment, if he did that and did not disclose it as a contribution to his own campaign that benefited his campaign, he would be the one in violation. you heard what rudy giuliani has said. there has been some retrenching an additional comments behind that, but those are the arguments. what you hear from the trump side of this equation is that no, this is not a campaign-finance matter. i talked to several lawyers who made the point that you can make a payment that seems to potentially influence a political campaign, but it is not breaking the campaign finance law on the books necessarily. is, if donaldoo trump to pay hush money to stormy daniels, it is better that
of a complaint filed is the notion lawyer forl cohen, donald trump who made the payments through in llc -- an llc, effectively made an in-kind contribution to donald trumps campaign in giving this hush money to stormy daniels. the argument, if you believe it, is this money benefited donald trump's campaign and must be disclosed. the other notion is that donald trump, by giving the money himself or by being the originator of this payment, if he did that and did not disclose it as a contribution...
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llc account?an you explain that? >> i'm not prepared to explain that this morning. i think it's a good question. maybe michael cohen or his attorney can answer that question before i do. >> we look at who essential consultants llc seems to be. it seems to be a korean food company that's also in some way doing financial consulting. >> you mean demeter. >> are you implying there's a longer list than just novartis and these other companies? >> there's a much longer list. >> do you have the list? >> we may have a couple of things on the list. >> however is giving michael avenatti or however he's getting this information, is it a way to make sure that information doesn't get squashed or sort of fall into the black hole of the robert mueller investigation, where we can't see it? it will be acted on much more quickly. obviously if you're passing it into the hands of michael avenatti who can use it right away? >> that's right. one of the things that the big corporations are buying is secrecy for michael c
llc account?an you explain that? >> i'm not prepared to explain that this morning. i think it's a good question. maybe michael cohen or his attorney can answer that question before i do. >> we look at who essential consultants llc seems to be. it seems to be a korean food company that's also in some way doing financial consulting. >> you mean demeter. >> are you implying there's a longer list than just novartis and these other companies? >> there's a much longer...
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this essential consultants llc. we have reason to believe that it didn't all go to michael cohen individually. michael cohen needs to disclose where the balance of that money went. and if it went to donald trump or the trump organization, and if michael cohen was part of a scheme to sell access to the president of the united states, that would be rather, a rather shocking development. but i don't think that that is out of the realm of possibility at this point. >> well, and willie, it's not out of the realm of possibility and certainly we don't know exactly what happened to this money. we do know that michael cohen does have, this is one more reason michael cohen has to be concerned. another question that reporters are starting to ask -- question about the tens of millions of dollars that michael cohen made swapping apartments. and yet he was so strapped for money that he had to take out home loan credit extension on his in-laws' home loan to pay $120,000, $130,000 pay-off. so more and more stories are rising that s
this essential consultants llc. we have reason to believe that it didn't all go to michael cohen individually. michael cohen needs to disclose where the balance of that money went. and if it went to donald trump or the trump organization, and if michael cohen was part of a scheme to sell access to the president of the united states, that would be rather, a rather shocking development. but i don't think that that is out of the realm of possibility at this point. >> well, and willie, it's...
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this is not some well known llc. in fact it was not known at all until about a month ago. someone must have told them, hey, if you want to curry favor with us, go to essential consulting or whatever it's called, llc, that's run by michael cohen. no one's going to michael cohen for real estate advice. no one is going to michael cohen for lobbying help. >> business consulting. >> or business consulting. no offense to michael cohen. they're going to michael cohen because he's close to the president, but someone had to direct them to this place to begin with, and who was it? >> how harrowing it must it be to be michael cohen and know what the feds have. >> well, he was with michael avenatti when the story broke. i was in a hotel room with michael cohen when -- no, i was not. it's probably petrifying. his life is unraveling before his eyes. donald trump's presidency has been a virtual and actual disaster for everyone closely associated with donald trump. their lives have been upended. all their business dealings have been exposed and a lot of the nefarious underbelly of it all
this is not some well known llc. in fact it was not known at all until about a month ago. someone must have told them, hey, if you want to curry favor with us, go to essential consulting or whatever it's called, llc, that's run by michael cohen. no one's going to michael cohen for real estate advice. no one is going to michael cohen for lobbying help. >> business consulting. >> or business consulting. no offense to michael cohen. they're going to michael cohen because he's close to...
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i made a snarky remark what if it says russian llc delaware corporation, presumably someone would want to look behind it and see what it's up to. obviously the russians are not going to use such an obvious name. but the problem with shell corporations obscuring the ability to know how influence in elections is a real one. and i'm interested in knowing what the irs does to probe through shell corporation information in dealing with politically active 501 c 4s? do you coordinate with fin sand? and also i'd like an overview of what resources you develop, you devote to policing the rules about 501 c 4s, which takes me to a second but related question, which is that we see very often in the irs filings entities that say to you under oath that they are not spending any money at all in any effort to influence or attempt to influence state federal and municipal or other elections. i think it's question 15 on the form as i recall it. i don't have it in mind. and then they run over to the federal election commission and disclose that they spent $17 million or $35 million on election engineering
i made a snarky remark what if it says russian llc delaware corporation, presumably someone would want to look behind it and see what it's up to. obviously the russians are not going to use such an obvious name. but the problem with shell corporations obscuring the ability to know how influence in elections is a real one. and i'm interested in knowing what the irs does to probe through shell corporation information in dealing with politically active 501 c 4s? do you coordinate with fin sand?...
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it seems he was even after the inauguration funneling money to this unknown llc that the president'sawyer had. how would he have known about it? what was that money for? i talked this evening to a source close to the trump world. and i said what was that money for? and he said for access, of course. what else? >> but there is no proof or indication at this point, phil, that any of these payments were illegal. it seems now to be just information that wasn't previously disclosed. do you disagree with that? >> i don't disagree. but i do agree with julia. it's a rare moment. i have to line up right behind her on this one. but let me ask you a couple of questions as someone who was involved in investigations. we got some of the who, what, when, where, why solved here. we know what happened, where it happened, when it happened. we're missing why and who. the why as you're saying is an open question. to me, the real question behind the scenes is the who. we keep talking about mueller's team talking to these individuals as they came into the airport in new york. i think we're missing a key p
it seems he was even after the inauguration funneling money to this unknown llc that the president'sawyer had. how would he have known about it? what was that money for? i talked this evening to a source close to the trump world. and i said what was that money for? and he said for access, of course. what else? >> but there is no proof or indication at this point, phil, that any of these payments were illegal. it seems now to be just information that wasn't previously disclosed. do you...
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retail llc is the corporate entity behind trump store.com.and as you know there are unanswered questions about this separate physical trump store location in trump tower. that income is not included in the $107,000 that president trump earned from the trump store last year, and so there are questions that remain. >> steve, i've got to get you to speak to the uniqueness of this. of course, presidents have campaigned and sold merchandise with their names on it for a long time here. let me read a little bit from your piece. items bearing the name and image of a president have often been sold to raise funds for his campaign fund or for charity. experts on ethics and the presidency could not cite prior examples of these items being sold for the president's personal profit. >>> help me with the legality of this. the president has put his businesses into a trust. he's the sole owner of that trust. how legal is this? what did experts say to you about what the president has done here apparently ? >> to be clear, the ethics experts i spoke with said th
retail llc is the corporate entity behind trump store.com.and as you know there are unanswered questions about this separate physical trump store location in trump tower. that income is not included in the $107,000 that president trump earned from the trump store last year, and so there are questions that remain. >> steve, i've got to get you to speak to the uniqueness of this. of course, presidents have campaigned and sold merchandise with their names on it for a long time here. let me...
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his slush fundy llc thingamajig.nd today it turns out this whole sordid michael cohen consulting business now appears to be tied up with the story that started the week. you may have seen this tweet resurface this week. a tweet that looked like a really prescient 2013 era donald trump predicting the eric schneiderman scandal. "weiner's gone. spitzer is gone. next will be lightweight a.g. eric schneiderman. is he a crook? wait and see, worse than spitzer or weiner." well, it turns out not only was that tweet predictive of the actual scandal but the way trump may have known to tweet that today became tide tied to the michael cohen case too. right now what's happening in the michael cohen case is that a special master appointed by the court is going through all the materials seized from cohen's office, his home, his hotel room, and making determinations about what's protected by attorney-client privilege and therefore should not be turned over to federal prosecutors. in fact, just today the special master notified the c
his slush fundy llc thingamajig.nd today it turns out this whole sordid michael cohen consulting business now appears to be tied up with the story that started the week. you may have seen this tweet resurface this week. a tweet that looked like a really prescient 2013 era donald trump predicting the eric schneiderman scandal. "weiner's gone. spitzer is gone. next will be lightweight a.g. eric schneiderman. is he a crook? wait and see, worse than spitzer or weiner." well, it turns out...
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. >> well, i think what's really being isolated here is this shell company, essential consultants llc. there was a great amount of surprise in my newsroom and certainly it seems now everywhere that this, again, it is a limited liability corporation created in delaware. it is seemingly to hide an initial payment to cover up potentially damaging information during a campaign that will be litigated. and as rudolph giuliani, the president's new lawyer said, there are personal reasons to cover that up. this company then becomes this pass through, or at least its own sort of consulting company for a company tied to a russian oligarch, to at&t, to a state-owned south korean aerospace company, boggles the mind it was all being used out of this one shell company. but, you know, we wrote, as you quoted at the top of the show, this is the most detailed picture to date. but it raises far more questions than it answers. it's more information. but we have to get to the bottom of what all these payments are about. we're now getting these corporate p.r. statements. but we don't know the full story on
. >> well, i think what's really being isolated here is this shell company, essential consultants llc. there was a great amount of surprise in my newsroom and certainly it seems now everywhere that this, again, it is a limited liability corporation created in delaware. it is seemingly to hide an initial payment to cover up potentially damaging information during a campaign that will be litigated. and as rudolph giuliani, the president's new lawyer said, there are personal reasons to cover...
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in that situation seek out michael cohen and specifically his little company, essential consultants llc which was recently formed as a delaware shell company just days before it was used to pay off a porn star who said she had an affair with the president, in what universe would a company in that situation funnel money to michael cohen and essential consultants? what's actually the most amazing part of this initial statement from korea aerospace industries is the part where they say they had no idea when they sent that check that the company they were paying had any connection whatsoever to president trump. oh really? we're just supposed to believe that in all the world, michael cohen is the guy who you would hire to review and improve your internal accounting practices at your korean aerospace firm? out of all the lawyers in the world. well, tonight korea aerospace industries has decided to take another crack at explaining this. they have given a new statement to cnn. a spokesperson for the company telling cnn, quote, korea aerospace industries received legal advice on the cost account
in that situation seek out michael cohen and specifically his little company, essential consultants llc which was recently formed as a delaware shell company just days before it was used to pay off a porn star who said she had an affair with the president, in what universe would a company in that situation funnel money to michael cohen and essential consultants? what's actually the most amazing part of this initial statement from korea aerospace industries is the part where they say they had no...
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captioning sponsored by newshour productions, llc newshour productions, llc >> woodruff: good eveninuf i'm judy woog, on the newshour tonight, israel's prime minister claims h ir been lying to the world about its nuclear program, violating the nuclear deal. then, north korean leaderng kim n reportedly vows to abandon his nuclear weapons if the u.s. promises not to attack, as more diplomatic progress paves the way ahead of a historic summit. plus, i sit down with former f.b.i. diretor james comey to talk where the russian probe stands today, and revelations b from his nk. >> early , people were seizing on a portion of the book, a paragraph where i describe m first impression of trump andt people took it, distorted it in mygopinion, as if i was tak, shots at the guy, which i h sn't. i was trying to be an author. >> woodruff: all that and more on tonight's pbs newshour. >> major funding for the pbs bwshour has been provided ♪ ♪ moving our economy for 160 years. 1 bnsf, the engine that connects us. >> consumer cellularstands that not everyone needs an unlimited wireless plan. our u.s.-base
captioning sponsored by newshour productions, llc newshour productions, llc >> woodruff: good eveninuf i'm judy woog, on the newshour tonight, israel's prime minister claims h ir been lying to the world about its nuclear program, violating the nuclear deal. then, north korean leaderng kim n reportedly vows to abandon his nuclear weapons if the u.s. promises not to attack, as more diplomatic progress paves the way ahead of a historic summit. plus, i sit down with former f.b.i. diretor...
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and what money went out of the llc and the president and michael cohen better hope that none of that money gets traced back to the president or the trump organization or another entity that the president controlled at the time. because if so, i think that could have serious consequences. >> do you have evidence that president trump knew about this? do you have evidence that some of that money going into this essential -- essential consultants, this shell corporation that michael cohen set up, that some of the money did find its way into the coffers of the trump organization or any -- or anything related to president trump. >> i'm not going to disclose right here right now the extent of the evidence that we have. and what it shows. we've been pretty measured in what we've released. and almost 100% of everything that we've released has checked out. you saw we released the summary last night. i think "the new york times" and nbc confirmed and other outlets independently confirmed the information dish. >> and you say 100%ba there are payments to a different michael cohen. >> i think ther
and what money went out of the llc and the president and michael cohen better hope that none of that money gets traced back to the president or the trump organization or another entity that the president controlled at the time. because if so, i think that could have serious consequences. >> do you have evidence that president trump knew about this? do you have evidence that some of that money going into this essential -- essential consultants, this shell corporation that michael cohen set...
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our an llc a personal tax cut? >> we have both. corporate and llc 's. john: and that percentage gain you had that if it is a corporate tax cut, 35 to 21%, what have you done with that money? invested or hired or marketing? >> well we're investing in our restaurant, we have increased our hourly wage for current employee, to obtain new employee we have to increase our hourly wage with a huge depla demand ir market. we've seen increase about 20% in many cases. and a short time, so, we're seeing that this has caused a demand in labor market. to retain our employees and gain new ones we had to compete with for those employees. john: political crazy world we're in, everyone is trying to gain an edge. you have people who voted against tax cut saying it had no affect, people who voted said it did, senator rubio changing what he said. what would you say to these people who say that tax cut have no effects, and people like misspell pehl who -- miss pelosi said they are crumbs. >> i would say they are out of touch with every day americans. with lower level employe
our an llc a personal tax cut? >> we have both. corporate and llc 's. john: and that percentage gain you had that if it is a corporate tax cut, 35 to 21%, what have you done with that money? invested or hired or marketing? >> well we're investing in our restaurant, we have increased our hourly wage for current employee, to obtain new employee we have to increase our hourly wage with a huge depla demand ir market. we've seen increase about 20% in many cases. and a short time, so,...
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we helped with his llc, contracts, and some other stuff that's part of running a business.o frank can focus on the beat. you hear that? this is frank's record shop. and this is where life meets legal. [muswe were built on it. (vo) we know the value of trust. back when the country went west for gold, we were the ones who carried it back east. by steam. by horse. by iron horse. over the years, we built on that trust. we always found the way. until... we lost it. but that isn't where the story ends... it's where it starts again. with a complete recommitment to you. fixing what went wrong. making things right. and ending product sales goals for branch bankers. so we can focus on your satisfaction. we're holding ourselves accountable to find and fix issues proactively. because earning back your trust is our greatest priority. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018. where we're changing withs? contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who
we helped with his llc, contracts, and some other stuff that's part of running a business.o frank can focus on the beat. you hear that? this is frank's record shop. and this is where life meets legal. [muswe were built on it. (vo) we know the value of trust. back when the country went west for gold, we were the ones who carried it back east. by steam. by horse. by iron horse. over the years, we built on that trust. we always found the way. until... we lost it. but that isn't where the story...
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May 16, 2018
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no llc memo at all for daca.t says there was oral advice given but the second, of course, is that the olc is within the department of justice. the attorney general is the -- >> can supersede anything that the llc says. >> and, of course, the llc memo was written in defense of dapa before the texas district court the fifth circuit and supreme court all rejected that analysis which makes it eminently rational for the department of homeland security to decide it wasn't going down the same path. >> i have to ask, i'm sorry to take your time. >> that's okay. >> with little questions, but -- we need to resolve, anyway, i can't find the quote. from memory, john kelly said he would then i guess director of dhs john kelly said that he was going to rescind dapa. one of the reasons he gave was that it had never gone into effect was with respect to daca, clearly it's gone into effect, yet nowhere does the acting secretary give any weight to that fact and it seemed to weigh a lot to director kelly so i'm trying to understand
no llc memo at all for daca.t says there was oral advice given but the second, of course, is that the olc is within the department of justice. the attorney general is the -- >> can supersede anything that the llc says. >> and, of course, the llc memo was written in defense of dapa before the texas district court the fifth circuit and supreme court all rejected that analysis which makes it eminently rational for the department of homeland security to decide it wasn't going down the...