Jurors again see paperwork for creation of Cohen's LLC
For the second time during the trial, the jury was shown the paperwork for Resolution Consultants LLC, the shell company Michael Cohen formed initially to pay AMI for the Karen McDougal payment.
Cohen conceded he did not give First Republic Bank the "true reason" for the account.
"I'm not sure they would have opened it," Cohen said, if the bank knew the true reason "was to pay off an adult film star for a nondisclosure agreement"
"Need an account opened for Mike Cohen immediately. He wants no address on the checks," Cohen's banker wrote to a colleague on Oct. 13, 2016, when he earlier testified earlier about Cohen's frantic effort to open the two bank accounts in October 2016.
Prosecutors suggested that Cohen misled bankers when he opened the bank account by stating the account was for legitimate business purposes.
Cohen told jurors that he opted to rename the shell company to Essential Consultants after realizing that Resolution Consultants LLC was a real company owned by a friend. The $130,000 payment to Stormy Daniels was made from a new account for Essential Consultants.