Michael Cohen sent $130K in hush money — then got
reimbursed for $420K. Jeff McConney explained why.
Trump Organization executives settled on the much
larger amount to cover Cohen's taxes and a bonus.
Ben Feuerherd
BEN FEUERHERD
05/06/2024,
10:57AM ET
Jeff McConney walked jurors through
back-of-the-envelope math he and former Trump Organization CFO Allen
Weisselberg used to determine how much money Michael Cohen should be reimbursed
for the Stormy Daniels hush money payment. While the amount Cohen sent to
Daniels' lawyer was $130,000, the executives settled on a much larger amount:
$420,000.
That covered Cohen for any taxes he’d have to pay
for the supposed income, and it also included other considerations, like a
bonus that Cohen said he was owed.
McConney said he was never aware of another time
when the Trump Organization paid someone so much more than what they were owed
to account for taxes.
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