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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Day 6 of trial to start with contempt hearing

Day 6 of Donald Trump's criminal trial will begin with a hearing in front of Judge Juan Merchan in which prosecutors will seek to have the former president held in contempt for repeatedly violating the limited gag order in the case.

Prosecutors have argued that Trump violated the limited gag order -- which prohibits statements about witnesses, jurors, and lawyers in the case other than Manhattan District Attorney Alvin Bragg -- on at least ten separate occasions this month, and have asked the judge to hold him in contempt of court and fine him $10,000.

Trump's lawyers have argued that prosecutors have not proven the posts in question were willful violations of the gag order, telling Merchan that the former president was defending himself from attacks by the likely witnesses.

Following the hearing, testimony in the hush money trial is scheduled to resume with former National Enquirer publisher David Pecker on the stand. Prosecutors believe he is key to understanding Trump’s motivation for paying off Stormy Daniels so damaging information did not seep into the 2016 campaign.


Trump, after court, says payments were correctly labeled

Moments after his criminal trial adjourned for the day, Donald Trump exited the courtroom and told reporters that his payments to his former attorney Michael Cohen were appropriately labeled as legal expenses.

"Actually, nobody's been able to say what you're supposed to call it," Trump told the media. "If the lawyer puts in a bill or an invoice and you pay the bill ... that's a very small little line ... it's not like you could tell a life story."

"They marked it down for a legal expense. This is what I got indicted over," Trump said.

The former president also attempted to paint Cohen as an unreliable witness and said he "wasn't very good in a lot of ways" as an attorney.

Trump's motorcade then departed the courthouse.

-Mike Pappano


Court wraps for day, Pecker to return tomorrow

David Pecker stepped off the witness stand after his initial testimony. He is scheduled to return to the witness stand tomorrow at 11 a.m. ET.

During his brief testimony, Pecker suggested that former National Enquirer Chief Content Officer Dylan Howard -- an alleged participant in the catch-and-kill scheme alleged by prosecutors -- will be unable to testify due to a medical condition.

Pecker appeared to greet Trump and his lawyers as he exited the courtroom.

Court subsequently wrapped for the day.

Trump left the courtroom flanked by Secret Service agents and staffers, as well as Trump Organization General Counsel Alan Garten.

Judge Merchan is scheduled to hold a contempt hearing about Trump’s alleged violations of the case’s limited gag order tomorrow morning at 9:30 a.m. ET.


David Pecker takes the stand for prosecution

David Pecker, who once called Donald Trump "a personal friend of mine," flashed a big smile as he took the stand as the trial's first witness, belying the gravity of the moment.

Pecker cackled loudly into the microphone, jolting the room, when prosecutor Josh Steinglass, asked him about his various phone numbers that he struggled to remember.

Pecker, 72, was the publisher of the National Enquirer but prosecutors said he was "acting as a co-conspirator" in helping buy and bury damaging stories about Trump, including a doorman's false claim that Trump had fathered a love child and a Playboy model's claim of a sexual relationship with Trump, who has denied both allegations.

Trump, who once said Pecker would make a "brilliant" choice as editor of Time magazine, listened while leaning forward in his chair, arms crossed on the table, an unhappy look on his face.

Pecker testified that he had final say whether to publish any story involving a famous person.

"I had the final say of the celebrity side of the magazine," Pecker said. "We used checkbook journalism. We paid for stories."

Pecker is testifying pursuant to a subpoena. He has also secured a non-prosecution agreement with the Manhattan district attorney's office.


'The boss will be angry' if the deal is off, Pecker says he was told

Former National Enquirer publisher David Pecker described one of the most heated moments so far during the catch-and-kill arrangement between him, Donald Trump and Trump's then-attorney Michael Cohen.

When Cohen approached Pecker with a plan to reimburse the National Enquirer for buying the exclusive rights to Karen McDougal's story, the two men drew up paperwork in which Cohen would repay the Enquirer's parent company, AMI, through a shell company he created, Pecker said.

But Pecker testified that he had a change of heart after consulting with his general counsel.

"I called Michael Cohen and I said to him that the agreement we signed -- the deal was off. I am not going forward, it is a bad idea," Pecker testified. "I want you to rip up the agreement."

"He was very, very, angry. Very upset, screaming basically at me. And I said, I'm not going forward with this agreement, rip it up," Pecker said.

Pecker said Michael Cohen then brought up "the boss."

"And Michael Cohen said, the boss is going to be very angry with you. And I said, I'm sorry, I am not going forward. The deal is off," Pecker recounted. "And he said, I can't believe it. I'm a lawyer, I'm your friend. I don't understand why you're not going forward. I said I am not going forward. Period."

Pecker previously described at length that he was aware that the National Enquirer's payment to Karen McDougal in order to catch and kill her story for the benefit of Trump's campaign would amount to an illegal campaign contribution -- softening his tone when he testified to this.