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.
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What to know about the hush money case
READ MORE: Here's what you need to know about the historic case.
Judge sets opening statements for Monday
"We're going to have opening statements on Monday morning," Judge Juan Merchan declared.
He made the pronouncement after admonishing the defense to stop filing letters "targeting individual decisions one by one by one."
"There comes a point where you accept my rulings," he told Trump and his defense team.
"I've entertained your motions. I've entertained your arguments," Merchan said. "There's nothing else to clarify. There is nothing else to argue. We are going to have opening statements on Monday. We are starting on Monday."
Judge to rule tomorrow on Trump's cross-examination
Judge Juan Merchan plans to issue a ruling tomorrow about the bounds of Donald Trump's cross-examination if the former president decides to testify during the trial.
After hearing a brief oral argument this afternoon, Merchan told the parties he is reserving his decision, which he plans to issue sometime tomorrow.
Prosecutor Matthew Colangelo argued that Trump's alleged prior bad acts as demonstrated by a variety of civil and criminal determinations should be fair game during cross-examination.
DA seeks to question Trump about earlier gag order
The Sandoval hearing on Trump's potential testimony got underway with prosecutors pushing to cross-examine former president Donald Trump about his alleged violation of the limited gag order in his civil fraud trial.
Prosecutor Matthew Colangelo asked Judge Merchan to permit them to ask the former president about his testimony during his civil fraud trial when the former president claimed he was not referring to Judge Arthur Engoron's law clerk during remarks in the hallway of the courthouse last year.
Engoron determined that Trump's brief testimony rang "hollow and untrue."
Colangelo asked Merchan to allow cross-examination about Trump's testimony and the gag order violation last year in order to probe his credibility.
"He lied," Colangelo said of Trump. "It is very hard to think of something more probative of a testifying defendant's credibility."
Court resumes for afternoon session
Judge Juan Merchan began the court's afternoon session but did not mention the self-immolation incident this afternoon in the park across from the courthouse, and Trump did not respond to questions about the incident when asked by a reporter in the hallway outside the courtroom.
The judge plans to hold a Sandoval hearing this afternoon to determine the bounds of Trump's cross-examination if he decides to testify.
In a filing earlier this week, prosecutors said they planned to question the former president about his past civil cases, including $464 million business fraud judgment, the defamation and battery cases brought by E. Jean Carroll and a lawsuit Trump filed against Hillary Clinton claiming she conspired to rig the 2016 election.
Prosecutors also want to question Trump about the Trump Organization's 2022 criminal trial for tax evasion and the civil case against the Trump Foundation for misusing charitable donations to further Trump's political interests.
Trump is seated at counsel table between his lawyers Emil Bove and Todd Blanche. Manhattan District Attorney Alvin Bragg is not present in the courtroom.
'They agreed to cook the books,' prosecutor says
Prosecutor Matthew Colangelo asked jurors to ponder why Donald Trump did not negotiate the $420,000 repayment scheme allegedly proposed by Michael Cohen and then-Trump Organization CFO Allen Weisselberg.
"Donald Trump was a very frugal businessman. He believed in pinching pennies. He believed in counting every dollar. He believed in negotiating every bill," Colangelo said. "It's all over all the books he's written. He ran the Trump Organization with total control."
But when it came time to set Cohen's repayment, Trump did not question the proposal from Cohen and Weisselberg, Colangelo said.
"This might be the only time that ever happened," said the prosecutor.
According to Colangelo, Trump consented to the arrangement because he knew the scheme was to cover up the hush money payment to Daniels and other expenses.
"It was instead what they thought was a clever way to pay Cohen back without being too obvious about it," Colangelo said.
Colangelo said that the jurors will see handwritten notes from Weisselberg laying out the entire scheme.
"They agreed to cook the books," said Colangelo.