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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Judge denies motion to recuse himself

After attorneys for each side introduced themselves, Judge Juan Merchan said that before jury selection can begin "there are a couple of loose ends we need to go over before we start."

The first item, Merchan said, was a pair of motions filed by Trump's legal team seeking his recusal from the case, citing his past comments in interviews and his daughter's work with a Democrat-affiliated firm.

The motions, Merchan said, cite "pages and pages of screen grabs, articles, social media posts and the like" that amount only to "a series of inferences, innuendos, and unsupported speculation."

To call them "attenuated is an understatement," Merchan said.

Merchan denied the motion and said the court would not address the matter further.


Proceedings are underway

"All rise," the bailiff announced at 9:59 a.m. ET. "This is the People of the State of New York v. Donald J. Trump."

And with that, proceedings are underway.

Members of the prosecution and the defense, including the former president, stood briefly as Judge Juan Merchan entered the courtroom and took his seat on the bench.

Manhattan District Attorney Alvin Bragg entered the courtroom shortly before court went into session.


Trump calls trial 'assault on America'

Former President Trump arrived at the courtroom at 9:32 a.m. flanked by members of his legal team.

In brief remarks to reporters on the way in, he called his criminal trial an "assault on America."

"Nothing like this has ever happened before," Trump said, marking his first comments of the day as he becomes the first former American president to face criminal charges.

"There is no case," he said. "This is political persecution."

Trump also attacked President Joe Biden and said the case should not go forward.

Upon entering the courtroom, he sat at the defendant's table as his lawyers and court officers buzzed around him.


Members of DA's team arrive

Several members of the Manhattan district attorney’s office have arrived in the courtroom.

Proceedings are scheduled to begin at 9:30 a.m. ET.


Pecker describes $150,000 negotiations for McDougal's story

With Donald Trump following along from the defense table, head cocked slightly to the side, David Pecker described the negotiations conducted with Karen McDougal to purchase the exclusive rights to her story about an alleged year-long relationship with Trump.

Pecker said that Trump's attorney Michael Cohen authorized negotiations to begin, then during those negotiations, "Michael was very agitated," constantly asking "Why is this taking so long?"

"To purchase the lifetime rights to Karen McDougal was going to cost $150,000. Plus Karen wanted to restart her career. She wanted to write for the celebrity magazines. She wanted to be on the cover of the life and fitness titles. She had a major problem when her breast implants were removed and she wanted to write about that," Pecker testified.

Pecker said he asked Cohen, "Who is going to reimburse me for this?" He said Cohen responded "Don't worry about it, I'm your friend the boss will take care of it.'"

When prosecutor Josh Steinglass asked Pecker who "the boss" was, Pecker answered "The boss would have been Donald Trump"

Prosecutors then displayed for the jury the contract with McDougal, dated August 5, 2016. It awarded AMI, the Enquirer's parent company, the rights to her story of a relationship she had "with any then-married man." Pecker said "she was referring to Donald Trump."

Pecker testified he needed to "validate" the amount of money AMI was going to pay, so the contract included other provisions, like having McDougal write monthly columns on aging and fitness.

"With respect to campaign laws, I wanted to have the contract be a record that stipulates the services she was going to perform for American Media had a basis for it, the $150,000," Pecker said.

"Was it your primary purpose to buy the life rights?" Steinglass asked. "Yes it was," Pecker responded.

"Were the other provisions to disguise the true nature of this contract?" Steinglass asked. "Yes," Pecker replied, letting out a sigh.