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.
Trump arrives in court
Donald Trump has arrived in court with his usual entourage of lawyers, staff, and secret service agents.
Trump promptly took his seat alone at the counsel table as his lawyers and paralegals worked around him set up electronics for this morning's contempt hearing, in which prosecutors will seek to have Trump held in contempt of court for repeatedly violating the case's limited gag order.
Three prosecutors -- Joshua Steinglass, Christopher Conroy, and Matthew Colangelo -- are seated at the counsel table, with Manhattan District Attorney Alvin Bragg and about eight members of his office seated in the first two rows of the gallery.
Bragg appears to have two security agents seated behind him, while a dozen court officers and secret service agents surround the courtroom and former president.
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.
'This story is true,' Pecker recounts being told of Stormy Daniels
"Do you know someone by the same of Stephanie Clifford?"
The question, by assistant district attorney Josh Steinglass, was the jury's introduction during the evidentiary phase of the trial to the woman whose long-denied claim of a sexual tryst with Donald Trump set in motion the alleged falsification of business records.
"Stormy Daniels is, or was, a porn star," former National Enquirer publisher David Pecker replied, using Clifford's stage name.
Pecker was having dinner with his wife on a Saturday night in early October 2016 when he said he received an urgent call from National Enquirer editor Dylan Howard.
"He said that she, she being Stormy Daniels, is trying to sell a story that she had a sexual relationship with Donald Trump, and Dylan can acquire the story for $120,000 from Keith Davidson if we made a decision right now," Pecker recalled.
In a series of text messages the jury saw, Howard told Pecker, "I know denials were made in the past but this story is true."
Pecker replied to Howard, "We can't pay 120k." The company had already paid $30,000 for the Dino Sajudin story and $150,000 for the Karen McDougal story, and Pecker recalled thinking, "I am not a bank."
In the text exchange, Howard responded, "Perhaps I call Michael and advise him and he can take it from there, and handle."
Pecker texted back, "Yes a good idea."
Pecker recalled having "a number of conversations" with Michael Cohen about Stormy Daniels. Cohen wanted Pecker to catch and kill the story.
"I said, 'I am not purchasing this story, I am not going to get involved with a porn star,'" Pecker testified he told Cohen. "He was upset and said the boss would be furious with me."