Trump trial: Trump hit with contempt, witnesses detail Stormy Daniels deal
Stormy Daniels' former attorney testified on Day 9 of Trump's hush money trial.
Former President Donald Trump is on trial in New York City, where he is facing felony charges related to a 2016 hush money payment to adult film actress Stormy Daniels. It marks the first time in history that a former U.S. president has been tried on criminal charges.
Trump last April pleaded not guilty to a 34-count indictment charging him with falsifying business records in connection with a hush money payment his then-attorney Michael Cohen made to Daniels in order to boost his electoral prospects in the 2016 presidential election.
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Michael Cohen's banker to return to the stand
After a week of testimony from longtime National Enquirer publisher David Pecker, former President Donald Trump's criminal hush money trial is scheduled to resume this morning with the direct examination of Gary Farro, the one-time banker for former Trump attorney Michael Cohen.
Farro, a former managing director at First Republic Bank, began his testimony on Friday by outlining some of the documents used to allegedly create the shell companies formed by Cohen that are related to two hush-money payments at the center of the case.
Prosecutors have called Farro to authenticate records they hope will prove that Trump falsified business records to hide the reimbursement of Cohen's hush money payment to adult film actress Stormy Daniels.
"Read the documents, the emails, the text messages, the bank statements, the handwritten notes, all of it," prosecutor Matthew Colangelo asked jurors last week. "It inescapably leads to only one conclusion: Donald Trump is guilty of 34 counts of falsifying business records in the first degree."
Banker details Michael Cohen's $130K payment to Stormy Daniels
Michael Cohen's former banker, Gary Farro, returned to the stand, where he was asked by prosecutor Becky Mangold about Cohen's frantic effort to create a bank account for a new company he created called Essential Consultants LLC on October 26, 2016.
Referring to Stormy Daniels, Farro told jurors that Cohen did not disclose the account would be used to send money to an adult film actress, adding that his bank, First Republic, avoided financing the adult-entertainment sector.
Farro said that Cohen added $131,000 to an account for Essential Consultants LLC using a home equity line of credit.
Farro then began walking jurors through a wire transfer authorization form that was filled out on October 27, 2016, using information provided by Michael Cohen.
The form -- which was signed by Cohen -- listed that $130,000 was being wired to Keith Davidson's attorney-client trust account. The money would be held in the account for Davidson's client.
According to the form, the purpose of the wire was a "retainer" payment.
Cohen completed the $130,000 payment to Stormy Daniels on October 27, 2016, which was 12 days before the presidential election.