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.
Man apparently sets himself on fire outside courthouse
A man apparently set himself on fire outside the courthouse while Trump was inside during the trial.
The person was badly burned and taken away from the scene on a stretcher.
It was not immediately clear if the incident was related to the criminal proceedings.
Hearing on potential Trump testimony set for afternoon
The hearing on the scope of former President Trump's potential testimony is scheduled to take place today at 3:15 p.m. ET
Known as a Sandoval hearing, it will determine the extent of the prosecution's cross-examination.
Prosecutors have indicated they would like to question Trump about matters beyond the criminal case, including his recent $454 million civil fraud judgment, the two verdicts in the E. Jean Carroll cases and a lawsuit he filed against Hillary Clinton that resulted in legal sanctions.
Alternate jurors sworn in
The six alternate jurors have been sworn in, raising their hands.
"We have now completed jury selection for this case," Judge Merchan said.
The alternate jurors are five women and one man.
Alternate Juror No. 6 lives on the Upper East Side and is a project manager for a construction company and a mother of three children who "does whatever my kids want me to do in my spare time."
Her father was convicted of a federal crime when she was in high school. She said she was "shielded" from the details at the time.
Full jury panel now selected
"We have a full panel," Judge Merchan said after alternate jurors 5 and 6 were selected.
Alternate Juror No. 5 is originally from Texas and has spent four years in New York.
She works in creative operations for a clothing company and ejoys concerts, restaurants and music.
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.