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.


0

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."


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.