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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'Access Hollywood' tape was 'explosive,' prosecutors claim

Prosecutor Matthew Colangelo read aloud part of the transcript of the infamous "Access Hollywood" tape to jurors.

"You can do anything," Colangelo slowly read to the jurors, quoting Trump from the tape. "Grab them by the p----. You can do anything."

According to Colangelo, the October 2016 release of the tape had an "immediate and explosive" impact on Donald Trump's presidential campaign.

"Seeing and hearing a candidate in his own words, in his own voice, with his own body language ... has a much greater impact on voters than words on paper," Colangelo said. "The campaign went on immediate damage control mode to blunt the impact of the tape."

The campaign was concerned about the impact it might have on Trump voters or even the possibility that Trump could lose the Republican nomination one month out from the election, according to Colangelo.

"The Republican National Committee even considered whether it was too late to replace their own nominee," Colangelo said.


Trump, listening to openings, shakes his head

Former President Trump, sitting at the defense table, softly shook his head "no" when prosecutor Matthew Colangelo told the jurors that Trump formed a "conspiracy" with Michael Cohen and David Pecker to "help him get elected."

It was one of the most notable reactions from Trump as he sits and listens to prosecutors lay out their story of the case.

Colangelo then brought up the "Access Hollywood" tape and said it showed Trump "bragging about sexual assault," Trump shook his head no again, pursing his lips. He did not react when Colangelo, quoting Trump on the tape, said, "grab them by the p----."

Earlier, as Colangelo brought up a former Trump doorman who was he said was paid off as part of the alleged catch-and-kill scheme, Trump -- looking annoyed -- leaned over and tapped his lawyer Todd Blanche. When Colangelo said the doorman was paid $30,000 to bury his story, Trump raised his eyebrows and grabbed onto a pen.

The former president has been passing notes and sliding papers between Blanche and attorney Emil Bove, and leaning side-to-side, whispering to them. Blanche at one point pulled out his own sticky note and slid a note back to Trump.

At other times he has hardly seemed engaged at all, slumping in his red leather chair looking straight forward with no facial expression, or fidgeting with his head tilting back and forth. At one point during jury instructions he let out a yawn.


Prosecutor alleges 3-prong conspiracy

"It starts with that August 2015 meeting in Trump Tower," prosecutor Matthew Colangelo told jurors about the alleged conspiracy, in his opening statement.

Following a meeting between Donald Trump, his then-lawyer Michael Cohen, and AMI executive David Pecker, the three engaged in a three-prong conspiracy to help influence the 2016 election, according to Colangelo.

First, the National Enquirer would run "headline after headline that extolled the defendant's virtues," according to Colangelo.

"Pecker had the ultimate say over publication decisions," Colangelo said, adding that Trump edited, killed, and suggested the cover of the magazine.

Second, the National Enquirer would run negative stories attacking Trump's opponents in the 2016 Republican primary, such as attacks on Ben Carson or Marco Rubio.

Third, the "core of the conspiracy" was killing negative stories about Trump -- evolving into the catch-and kill scheme, Colangelo said.

"The National Enquirer ran these stories as part of the conspiracy launched after the Trump Tower meeting," he said.


'This case is about a criminal conspiracy,' prosecutor says

"This case is about a criminal conspiracy," prosecutor Matthew Colangelo began his opening statement in Donald Trump's criminal trial in New York.

"The defendant, Donald Trump, orchestrated a criminal scheme to corrupt the 2016 presidential election," the prosecutor said.

The utterance represents the first time a prosecutor has sought to implicate a former president in a crime at his trial.

Colangelo said Trump schemed with his attorney Michael Cohen and National Enquirer publisher David Pecker "to influence the presidential election by concealing negative information about former President Trump."

Trump slouched in his seat at the defense table, listening.

"The defendant said in his business records that he was paying Cohen for legal services pursuant to a retainer agreement. But those were lies," Colangelo said. "The defendant was paying him back for an illegal payment to Stormy Daniels on the eve of the election."


'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.