Tiny Red HandsBack

Cohen wires $130,000 through Essential Consultants to secure Daniels' silence

Date
2016-10-27
Entry type
hush-money-payment
Current status
Payment completed; Cohen convicted of campaign-finance offense

He financed the payment with a home-equity line and falsely described the wire purpose as a retainer days before the election.

Entities and roles

Relationships in this file

  1. Donald J. Trumppersonal attorney and Trump Organization executiveMichael Cohen
  2. Michael Cohencompany organizer and controllerEssential Consultants LLC
  3. Essential Consultants LLCconfidentiality-agreement paymentStormy Daniels

Money trail

  1. paymentEssential Consultants hush-money wire$130,000
    Paid by / source
    Michael Cohen through Essential Consultants LLC
    Received by
    Attorney for Stormy Daniels
    Financially affected
    Michael Cohen as initial funder
    realized · 2016-10-27 · observedPopulation Wire from Essential Consultants to the attorney for Stormy DanielsPeriod 2016-10-27 to 2016-10-27Basis Use the approximately $130,000 wire stated in the federal plea record.Limits The gross wire does not identify Daniels' net amount after legal or transaction costs.Open cited evidence

Claims and evidence

  1. factconvicted

    Cohen drew $131,000 from a home-equity line, placed it in newly formed Essential Consultants LLC, and wired approximately $130,000 to Stormy Daniels' attorney under a confidential settlement. He marked the wire as a retainer and admitted the payment was coordinated to influence the election. The legal significance is Cohen's adjudicated campaign contribution and concealment, not the underlying alleged relationship.