Earlier this year, Franklin L. Haney, one of President Trump's major donors, agreed to pay Michael Cohen $10 million if he could secure funding for a nuclear power project in Alabama, people familiar with the matter told The Wall Street Journal.
Haney gave Cohen, then Trump's personal lawyer, the contract in April. The agreement would have involved Cohen helping Haney obtain a $5 billion loan from the Department of Energy in order to complete the construction of nuclear reactors at the Bellefonte Nuclear Power Plant, the Journal reports. People familiar with the agreement told the Journal it was finalized right before FBI agents raided Cohen's home, office, and hotel room, and it's no longer in effect.
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After the election, Cohen worked as a consultant to several companies, including AT&T and Novartis, touting his close ties to Trump. Federal investigators in New York are reportedly looking into whether Cohen participated in unregistered lobbying in connection with this work. Read more about the deal with Haney at The Wall Street Journal.
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