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.


What to know about the hush money case

READ MORE: Here's what you need to know about the historic case.


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Trump 'did not commit any crimes,' defense tells jury

"President Trump is innocent. President Trump did not commit any crimes," defense attorney Todd Blanche said to begin the defense's opening statements.

"The Manhattan district attorney's office should never have brought this case," Blanche said.

"You will hear me and others refer to him as President Trump. That is a title he has earned because he was our 45th President," Blanche added.


Prosecutor says jury can believe Cohen despite mistakes

Prosecutor Matthew Colangelo told the jury, during his opening statement, "During this trial you're going to hear a lot about Michael Cohen.”

Trump's former personal attorney, Cohen is a key witness -- perhaps the only one that will testify to Donald Trump’s intent when he agreed to pay Stormy Daniels hush money.

The defense “will go to great lengths” to convince the jury Cohen is not credible, Colangelo said.

He acknowledged that Cohen had earlier lied regarding the matter. “He lied about it to protect his boss,” Colangelo said. “You will also learn that Michael Cohen has a criminal record.”

Colangelo told jurors they can believe Cohen despite his past mistakes.

“Cohen's testimony will be backed up by testimony from other witnesses you will hear from, including David Pecker, Keith Davidson. It will be backed up by an extensive paper trail. And it will be backed up by Donald Trump’s own words,” the prosecutor said.

Colangelo concluded by saying, “This case is about a criminal conspiracy and a cover-up, an illegal conspiracy to undermine the integrity of a presidential election and then the steps that Donald Trump took to conceal that election fraud. At the end of the case we are confident you will have no reasonable doubt that Donald Trump is guilty of falsifying business records.”


'They agreed to cook the books,' prosecutor says

Prosecutor Matthew Colangelo asked jurors to ponder why Donald Trump did not negotiate the $420,000 repayment scheme allegedly proposed by Michael Cohen and then-Trump Organization CFO Allen Weisselberg.

"Donald Trump was a very frugal businessman. He believed in pinching pennies. He believed in counting every dollar. He believed in negotiating every bill," Colangelo said. "It's all over all the books he's written. He ran the Trump Organization with total control."

But when it came time to set Cohen's repayment, Trump did not question the proposal from Cohen and Weisselberg, Colangelo said.

"This might be the only time that ever happened," said the prosecutor.

According to Colangelo, Trump consented to the arrangement because he knew the scheme was to cover up the hush money payment to Daniels and other expenses.

"It was instead what they thought was a clever way to pay Cohen back without being too obvious about it," Colangelo said.

Colangelo said that the jurors will see handwritten notes from Weisselberg laying out the entire scheme.

"They agreed to cook the books," said Colangelo.


'It was election fraud, pure and simple,' prosecutor says

"It was election fraud, pure and simple," prosecutor Matthew Colangelo told the jury during opening statements as he outlined the hush payment to adult film actress Stormy Daniels and how it was logged by the Trump Organization

Dylan Howard, then editor of the National Enquirer, had called Trump attorney Michael Cohen to inform him about Daniels and the story that she had of a sexual liaison with Trump, which the former president has long denied.

"Cohen then discussed the situation with Trump who is adamant that he did not want the story to come out," Colangelo said. "it could have been devastating to his campaign."

At the time, Trump and the campaign were "deeply concerned" about the "Access Hollywood" video, the prosecutor said. Cohen wired the $130,000 to Daniels' lawyer to keep her quiet.

"Cohen made that payment at Donald Trump's direction and for his benefit and he did it with the special goal of influencing the election
This was not spin or communications strategy. This was a planned, coordinated long-running conspiracy to influence the 2016 election to help DT get elected through illegal expenditures to silence people who had something bad about his behavior. It was election fraud, pure and simple," Colangelo said.


First 6 jurors represent cross-section of New York

The first six jurors selected to serve in Donald Trump's criminal hush money trial represent a diverse cross-section of New York City, according to their biographical information. Here's a brief sketch of each juror, whose identities are being kept private for security reasons.

Juror No. 1 is a middle-aged salesman who immigrated to the United States from Ireland. He lives in West Harlem and said he normally gets his news from the New York Times, Daily Mail, Fox News and MSNBC. In his spare time, he said he enjoys doing "anything outdoorsy."

Juror No. 2 works as an oncology nurse at Memorial Sloan Kettering. She lives with her fiancé and enjoys taking her dog for walks in the park. She said she gets her news from The New York Times, CNN, Google, and Facebook.

Juror 3 is a corporate attorney who moved to New York from Oregon five years ago. He has worked at two major white-shoe law firms in New York. He said he normally gets his news from The New York Times, Wall Street Journal, and Google. In his spare time, he said he enjoys hiking and running.

Juror No. 4 said he finds the former president to be "fascinating and mysterious." Originally from Puerto Rico, he has lived in the Lower East Side for the last 40 years. He is a self-employed IT consultant who attended one year of college and has been "married for a long time." He normally gets his news from the Daily News, The New York Times, Google.

Juror No. 5 was the only potential juror who raised her hand when lawyers asked if they had ever heard of Trump's other criminal cases. A life-long New Yorker, she currently works as an ELA teacher in a charter school and lives in Harlem. She normally gets her news from Google and TikTok but said that she "doesn't really care for the news."

Juror No. 6 is a software engineer who works for the Walt Disney Company, which is the parent company of ABC News. She grew up in New York City and lives in Chelsea with three roommates. She said she gets her news from The New York Times and TikTok. In her spare time, she said she enjoys plays, restaurants, dancing, and watching TV.