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.
Pecker explains alerting Cohen to Stormy Daniels story
Former National Enquirer publisher David Pecker retook his seat on the witness stand after lunch, and the jury appeared engaged when prosecutor Josh Steinglass asked Pecker to explain things directly to them. Pecker slightly turned to face the jury when answering.
After the defense, during cross-examination, tried to suggest Pecker didn't want to get involved in the Stormy Daniels story for business and reputational reasons, Steinglass asked him to clarify.
"I said to Michael Cohen that after paying for the doorman story and the Karen McDougal story I wasn't going to pay anything further and I wasn't a bank," Pecker testified. "I told (editor) Dylan Howard there is no possible way that I would buy the story for $120,000 and that I didn't want anything to do with a porn star."
Steinglass asked Pecker, "Why did you reach out to Michael Cohen" about Daniels' claim of a sexual liaison with Trump?
"Based on our original agreement, any stories regarding Mr. Trump that could be embarrassing, I would call Michael Cohen right away," Pecker said.
"You weren't going to print it? You weren't going to pay for it?" Steinglass asked.
"Correct," Pecker responded.
"But you were still going to fulfill your obligation to tell Michael Cohen about it? So the campaign could squash it?" asked Steinglass.
"Yes," Pecker responded.
Trump falsely claims his supporters are prevented from gathering
As he has previously, former President Trump complained on social media this morning that his supporters were being kept from gathering outside the courthouse -- even though that's not the case.
"Security is that of Fort Knox, all so that MAGA will not be able to attend this trial," Trump posted before he entered the courtroom.
But a small group of his supporters demonstrated this morning undisturbed in the designated protest area in the park outside the courthouse, where they've gathered each day of the trial this week.
-ABC News' Brian Hartman
Pecker reaffirms catch-and-kill was to benefit Trump
Former National Enquirer publisher David Pecker, during his redirect examination, reiterated the basic terms of his catch-and-kill arrangement with Donald Trump and Michael Cohen, though he acknowledged he did not use the words "catch-and-kill" during his August 2015 meeting at Trump Tower.
"Did you specifically use the word catch-and-kill during that meeting?" prosecutor Joshua Steinglass asked.
"No, I did not," Pecker said.
"What was your understanding of the part of the agreement that involved money?" Steinglass asked.
"It was my understanding that I would use the company's sources to hear any information that was coming out on Mr. Trump or the campaign related specifically to women who would be selling their stories," Pecker said, referencing a similar arrangement with then-gubernatorial candidate Arnold Schwarzenegger.
"My understanding is [for] those stories that come up, I would speak to Michael Cohen and tell him that these are the stories that are going to be for sale. If we don't buy them someone else will, and that Michael Cohen would buy them or make sure they don't ever get published. That was my understanding from that meeting," Pecker said.
Pecker reiterated that he did not plan to publish the Karen McDougal story -- despite its value to the National Enquirer if it were true -- in order to help the Trump campaign.
"That would kind of be like National Enquirer gold?" Steinglass asked.
"Yes," Pecker responded.
"Zero intention of publishing that story?" Steinglass asked.
"That is correct," Pecker said.
"You killed the story because it helped the candidate Donald Trump?" Steinglass asked.
"Yes," Pecker said.
The proceedings subsequently broke for lunch, with redirect to resume afterward.
Prosecutors dispute that Trump arrangement was 'standard'
On redirect examination, prosecutor Joshua Steinglass sought to dismantle defense attorney Emil Bove's claim that former National Enquirer publisher David Pecker's actions on behalf of Donald Trump were nothing more than "standard operating procedure" in the tabloid industry.
Steinglass cited Pecker's previous testimony that nondisclosure agreements were commonplace in the course of his work.
But, Steinglass asked, "On how many others did the CEO -- meaning you -- coordinate with a presidential candidate for the benefit of their campaign?"
"That was the only one," Pecker said.
Referring to Michael Cohen's input on AMI's negotiation with Karen McDougal, Steinglass asked, "Is it standard operating procedure ... to have a presidential candidate's campaign person weighing in on what terms of a contract are to be amended?"
"No," Pecker replied.
Steinglass ticked through several other matters related to Pecker's arrangement with Trump, including whether it was common practice to offer a political candidate the opportunity to "accept or reject" stories, or for the paper to "run attacks" on their opponents.
Each time, Pecker answered "No" -- that they were not common practice.
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.