Cohen says Trump approved payment of $420K, paid monthly
Michael Cohen told jurors that then-Trump Organization CFO Allen Weisselberg told him to "gross up" his requested reimbursement for the $130,000 Stormy Daniels payment to ensure that Cohen got the full amount of money spent, after taxes.
Cohen confirmed that the practice of effectively paying double for expenses was not a normal practice at the Trump Organization.
In addition to the Daniels' reimbursement, Cohen testified that he requested a $50,000 reimbursement to a company called Red Finch for tech services; however, Cohen acknowledged that he asked for more money in the reimbursement that he actually spent on the services.
"I didn't feel that Mr. Trump [was] owed the benefit of the difference," Cohen said.
Cohen told jurors that he ended up keeping the difference for himself.
After Weisselberg worked out a calculation to pay Cohen a total amount of $420,000, Cohen said the two men "went to Mr. Trump's office to speak with him about it."
It was in Trump's office at Trump Tower than Cohen said he learned "it'll be paid out to you monthly."
Cohen said Trump approved it.