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.
Pecker explains alerting Cohen to Stormy Daniels story
Former National Enquirer publisher David Pecker retook his seat on the witness stand after lunch, and the jury appeared engaged when prosecutor Josh Steinglass asked Pecker to explain things directly to them. Pecker slightly turned to face the jury when answering.
After the defense, during cross-examination, tried to suggest Pecker didn't want to get involved in the Stormy Daniels story for business and reputational reasons, Steinglass asked him to clarify.
"I said to Michael Cohen that after paying for the doorman story and the Karen McDougal story I wasn't going to pay anything further and I wasn't a bank," Pecker testified. "I told (editor) Dylan Howard there is no possible way that I would buy the story for $120,000 and that I didn't want anything to do with a porn star."
Steinglass asked Pecker, "Why did you reach out to Michael Cohen" about Daniels' claim of a sexual liaison with Trump?
"Based on our original agreement, any stories regarding Mr. Trump that could be embarrassing, I would call Michael Cohen right away," Pecker said.
"You weren't going to print it? You weren't going to pay for it?" Steinglass asked.
"Correct," Pecker responded.
"But you were still going to fulfill your obligation to tell Michael Cohen about it? So the campaign could squash it?" asked Steinglass.
"Yes," Pecker responded.
Trump falsely claims his supporters are prevented from gathering
As he has previously, former President Trump complained on social media this morning that his supporters were being kept from gathering outside the courthouse -- even though that's not the case.
"Security is that of Fort Knox, all so that MAGA will not be able to attend this trial," Trump posted before he entered the courtroom.
But a small group of his supporters demonstrated this morning undisturbed in the designated protest area in the park outside the courthouse, where they've gathered each day of the trial this week.
-ABC News' Brian Hartman
Pecker reaffirms catch-and-kill was to benefit Trump
Former National Enquirer publisher David Pecker, during his redirect examination, reiterated the basic terms of his catch-and-kill arrangement with Donald Trump and Michael Cohen, though he acknowledged he did not use the words "catch-and-kill" during his August 2015 meeting at Trump Tower.
"Did you specifically use the word catch-and-kill during that meeting?" prosecutor Joshua Steinglass asked.
"No, I did not," Pecker said.
"What was your understanding of the part of the agreement that involved money?" Steinglass asked.
"It was my understanding that I would use the company's sources to hear any information that was coming out on Mr. Trump or the campaign related specifically to women who would be selling their stories," Pecker said, referencing a similar arrangement with then-gubernatorial candidate Arnold Schwarzenegger.
"My understanding is [for] those stories that come up, I would speak to Michael Cohen and tell him that these are the stories that are going to be for sale. If we don't buy them someone else will, and that Michael Cohen would buy them or make sure they don't ever get published. That was my understanding from that meeting," Pecker said.
Pecker reiterated that he did not plan to publish the Karen McDougal story -- despite its value to the National Enquirer if it were true -- in order to help the Trump campaign.
"That would kind of be like National Enquirer gold?" Steinglass asked.
"Yes," Pecker responded.
"Zero intention of publishing that story?" Steinglass asked.
"That is correct," Pecker said.
"You killed the story because it helped the candidate Donald Trump?" Steinglass asked.
"Yes," Pecker said.
The proceedings subsequently broke for lunch, with redirect to resume afterward.
Prosecutors dispute that Trump arrangement was 'standard'
On redirect examination, prosecutor Joshua Steinglass sought to dismantle defense attorney Emil Bove's claim that former National Enquirer publisher David Pecker's actions on behalf of Donald Trump were nothing more than "standard operating procedure" in the tabloid industry.
Steinglass cited Pecker's previous testimony that nondisclosure agreements were commonplace in the course of his work.
But, Steinglass asked, "On how many others did the CEO -- meaning you -- coordinate with a presidential candidate for the benefit of their campaign?"
"That was the only one," Pecker said.
Referring to Michael Cohen's input on AMI's negotiation with Karen McDougal, Steinglass asked, "Is it standard operating procedure ... to have a presidential candidate's campaign person weighing in on what terms of a contract are to be amended?"
"No," Pecker replied.
Steinglass ticked through several other matters related to Pecker's arrangement with Trump, including whether it was common practice to offer a political candidate the opportunity to "accept or reject" stories, or for the paper to "run attacks" on their opponents.
Each time, Pecker answered "No" -- that they were not common practice.
'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."