Farro says opening Cohen's LLC account raised no red flags
While Michael Cohen's former banker, Gary Farro, testified that Cohen took steps to quickly open the account for Essential Consultants, the shell company Cohen used to pay Stormy Daniels, Farro said the process did not prompt any red flags based on the information Cohen provided.
"Not based on the answers I was given ... on the questions I asked," Farro said when asked about potential red flags.
Farro added that accounts in the real estate world were often opened quickly.
"It's not unusual, it's not every time. It's not unusual," Farro said.
Farro testified that he was not involved with the decision to end First Republic Bank's relationship with Cohen, adding that if a client provides false information, First Republic Bank would sever their relationship.
"The decision was not mine," Farro said during a brief re-cross examination.