Trump lawyer reportedly created a private company in Delaware to pay off adult film star Stormy Daniels
One month before the 2016 presidential election, President Trump's attorney Michael Cohen set up a private company in Delaware to pay former adult film star Stormy Daniels $130,000 in exchange for her silence regarding alleged sexual encounters with Trump, The Wall Street Journal reports.
The Journal spoke with people familiar with the matter and looked at state records showing that on Oct. 17, 2016, Cohen established Essential Consultants LLC, then used a bank account linked to the company to send $130,000 to the client-trust account of an attorney representing Daniels, whose real name is Stephanie Clifford. In Delaware, it's easier to set up business entities and there's more privacy, with many companies choosing to hire lawyers or agents to appear on the formation documents. In this case, Cohen is listed as the "authorized person" for the company, the Journal reports.
People with knowledge of the situation said pseudonyms were used to conduct the business, with Clifford referred to as "Peggy Peterson." Records also show that on Sept. 30, 2016, Cohen started an entity in Delaware called Resolution Consultants LLC, but on Oct. 17, just two minutes after creating Essential Consultants, he dissolved Resolution Consultants, for unknown reasons. The Journal first reported last week that Cohen paid Daniels off; he denies doing so.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
The Democrats: time for wholesale reform?
Talking Point In the 'wreckage' of the election, the party must decide how to rebuild
By The Week UK Published
-
5 deliciously funny cartoons about turkeys
Cartoons Artists take on pardons, executions, and more
By The Week US Published
-
Crossword: November 23, 2024
The Week's daily crossword puzzle
By The Week Staff Published
-
Judge blocks Louisiana 10 Commandments law
Speed Read U.S. District Judge John deGravelles ruled that a law ordering schools to display the Ten Commandments in classrooms was unconstitutional
By Peter Weber, The Week US Published
-
ATF finalizes rule to close 'gun show loophole'
Speed Read Biden moves to expand background checks for gun buyers
By Peter Weber, The Week US Published
-
Hong Kong passes tough new security law
Speed Read It will allow the government to further suppress all forms of dissent
By Peter Weber, The Week US Published
-
France enshrines abortion rights in constitution
speed read It became the first country to make abortion a constitutional right
By Peter Weber, The Week US Published
-
Texas executes man despite contested evidence
Speed Read Texas rejected calls for a rehearing of Ivan Cantu's case amid recanted testimony and allegations of suppressed exculpatory evidence
By Peter Weber, The Week US Published
-
Supreme Court wary of state social media regulations
Speed Read A majority of justices appeared skeptical that Texas and Florida were lawfully protecting the free speech rights of users
By Peter Weber, The Week US Published
-
Greece legalizes same-sex marriage
Speed Read Greece becomes the first Orthodox Christian country to enshrine marriage equality in law
By Peter Weber, The Week US Published
-
Trump and his lawyer Alina Habba have a rough day in defamation court
Speed Read Trump's audible grousing as E. Jean Carroll testified earned him a warning he could be thrown out of court, and Habba showed she 'doesn't know what the hell she's doing'
By Peter Weber, The Week US Published