Trump trial: 1st week of testimony ends with testimony from Michael Cohen's former banker
Banker Gary Farro testified in Donald Trump's hush money trial in New York.
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 to hide the reimbursement of a hush money payment his then-attorney Michael Cohen made to Daniels in order to boost his electoral prospects in the 2016 presidential election.
Top headlines:
- Banker says he set up LLC, which Cohen used to pay Daniels
- 'Thank you for handling' McDougal, Pecker says Trump told him
- 'This story is true,' Pecker recounts being told of Stormy Daniels
- Pecker describes $150,000 negotiations for McDougal's story
- Secret Service has plans if Trump is confined for contempt: Sources
What to know about the hush money case
READ MORE: Here's what you need to know about the historic case.
Prosecutors call David Pecker as 1st witness
Prosecutors have called former American Media Inc. executive David Pecker as their first witness.
The DA alleges that Pecker, who oversaw the National Enquirer, engaged in a conspiracy with Trump and Trump's then-attorney Michael Cohen to help influence the 2016 election by killing negative stories about Trump.
Michael Cohen obsessed with 'getting Trump,' defense claims
In his opening statement, defense attorney Todd Blanche sought to eviscerate Michael Cohen's credibility, saying Cohen is obsessed with Donald Trump, has a desire to see Trump incarcerated and has a propensity to lie.
"He has a goal, an obsession, with getting Trump. I submit to you he cannot be trusted," Blanche said.
On Sunday night, Cohen publicly posted online that he had a "mental excitement about this trial" and the testimony he would deliver, Blanche said.
"His entire financial livelihood depends on President Trump's destruction," Blanche said. "You cannot make a serious decision about President Trump by relying on the words of Michael Cohen."
Trump had 'nothing to do' with invoices, defense says
"I have a spoiler alert," defense attorney Todd Blanche told jurors during his opening statement. "There is nothing wrong with trying to influence an election. It's called democracy."
Amid frequent objections from prosecutors, Blanche argued that the Manhattan district attorney has attempted to make the payments and non-disclosure agreements between Trump and Stormy Daniels "sinister" to the jury.
Judge Merchan had to interrupt Blanche's opening after multiple objections from prosecutors, then he met the parties at a sidebar conference, after which he struck a line from Blanche's opening.
"There is nothing illegal about entering into a non-disclosure agreement. Period," Blanche restated after the portion of his opening was struck from the record.
Blanche's opening has come off more casual and off-the-cuff than the state's opening, with Blanche improvising and posing hypotheticals to argue that accountants at the Trump Organization did not run the invoices by Trump as he was "running the country."
"'Hey, we got this invoice. I know we are trying to cover it up here,'" Blanche said sarcastically about how prosecutors described how accountants received invoices from Cohen. "Absolutely not."
According to Blanche, Trump was unaware of how the invoices were processed by his employees.
"President Trump has nothing to do -- nothing to do -- with the invoice, with the check being generated, or with the entry on the ledger," Blanche said, arguing that Trump was busy "in the White House while he was running the country."
"The reality is that President Trump is not on the hook -- criminally responsible -- for something Michael Cohen might have done years after the fact. The evidence will prove otherwise," Blanche said.
'None of this was a crime,' defense attorney says
Donald Trump is "not just our former president, he's not just Donald Trump that you've seen on TV," said defense attorney Todd Blanche in his opening statement.
"He's also a man. He's a husband," Blanche said. "He's a father."
Blanche pushed back on the DA's overall allegation that the payments to Trump's attorney Michael Cohen were weren't only payback for Stormy Daniels by using the prosecutor's own words against him.
Blanche noted that Cohen paid $130,000 to Daniels, but that Trump paid back Cohen a total of $420,000. If Trump really was a frugal businessman, as prosecutors said, why would he overpay that money, Blanche asked.
"Ask yourself, would a frugal businessman, a man who pinched his pennies, repay a $130,000 debt to the tune of $420,000?" Blanche asked.
Blanche repeatedly reiterated that Cohen truly was an attorney for Trump and was doing legal work for him, pointing out that Michael Cohen's own email signature noted he was Trump's attorney.
"None of this was a crime," Blanche said, saying the 34 counts against Trump "are really just 34 pieces of paper."
Defense suggests AMI's cooperation was financially motivated
When the National Enquirer's parent company AMI signed a non-prosecution agreement with federal prosecutors in New York in September 2018, AMI was negotiating to sell the Enquirer and two other tabloids to Hudson News Group for $100 million, former publisher David Pecker testified under cross-examination.
Defense attorney Emil Bove suggested the pending sale put Pecker under pressure to resolve a federal campaign finance investigation over its payment to quash stories damaging to Donald Trump's presidential ambitions.
"You knew to finalize that deal, to consummate it, you had to clear out the investigations?" Bove asked.
"Yes," Pecker responded. "From a timing standpoint it would have added stress to the transaction."
On Thursday Pecker testified he had been "very worried" about the investigation. He had received a letter from the Federal Election Commission and said he called up Michael Cohen. "I said 'I'm very worried,'" he testified.
Pecker said Cohen responded, "Why are you worried? Jeff Sessions is the Attorney General and Donald Trump has him in his pocket."
The defense appears to be suggesting AMI cooperated with federal campaign finance investigations not because the company had done anything wrong related to the 2016 Trump campaign, but out of financial considerations in order to preserve the $100 million deal with Hudson News, which was finalized in April 2019.