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Attorney for Stormy Daniels Releases Document Detailing Payments Michael Cohen Received from Multiple Companies

5/9/2018

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Photo Source: Drew Angerer/Getty Images
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Michael Avenatti, attorney for adult film actor Stephanie Clifford (known professionally as Stormy Daniels), released a document today with information about financial transactions of Michael Cohen’s company Essential Consultants, LLC. Cohen established this company in October of 2016, with the admitted purpose (after several denials) of paying $130,000 to Clifford as hush money to keep her quiet about an affair with Donald Trump.

According to the document released by Avenatti’s law firm, a number of American and foreign companies paid Michael Cohen’s company (which had no employees other than Cohen) for reasons that remain unclear. AT&T paid Cohen $50,000 a month for more than a year, for “an understanding of the inner workings of Trump,” as CNBC reported today.
Pharmaceutical company Novartis paid Michael Cohen’s company $1.2 million. A statement explaining their payments can be found on their company website. In their latest statement, the company spokesman admitted that this arrangement was “a mistake.”

Cohen was also paid $500,000 from a company controlled by Russian oligarch Viktor Vekselberg and his American cousin, Andrew Intrater. The company, Columbus Nova, reportedly paid Cohen’s company $500,000.
https://www.nbcnews.com/news/us-news/daniels-lawyer-cohen-got-500k-russian-oligarch-viktor-vekselberg-n872481

According to the document released by Avenatti, a total of $4.4 million flowed to Essential Consultants between October 2016 and January 2018.

Novartis was involved in bribing government officials in China several years ago. An article about the settlement can be found here.
https://www.bloomberg.com/news/articles/2016-03-24/novartis-agrees-to-settle-sec-china-bribe-case-for-25-million

​This story is still developing.

The document can be accessed by clicking the link in the first line of the story above, or can be downloaded as a file below.

avenatti_executive_summary.pdf
File Size: 193 kb
File Type: pdf
Download File

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