Breaking News!!! Cohen Admitted He Stole From Trump 

Daily Report May 21,2024

Manhattan District Attorney Alvin Bragg’s case against former President Donald Trump may be well and truly over following Michael Cohen’s shocking testimony on Monday.

The former president’s hush money trial took a dramatic turn after Cohen, his former lawyer and the prosecution’s star witness,  admitted to stealing from the Trump Organization.

Trump’s defense attorney, Todd Blanche, got Cohen to admit on the witness stand that he stole from the former president’s company in 2017.

Cohen testified to the jury that he lied to former Trump Organization Chief Financial Officer Allen Weisselberg about how much he needed to be reimbursed for a payment he made on behalf of the former president’s company. The reimbursement is part of the payment at the center of the hush money transaction for which the former president is being tried.

Cohen received $50,000 from the Trump Organization as reimbursement for a payment he made to RedFinch, a tech company that conducts polls. Blanche got Cohen to admit that he had only paid the tech company $20,000 and kept the remaining $30,000 for himself.

“You stole from the Trump Organization, correct?” Blanche asked Cohen during Monday’s cross-examination.

“Yes, sir,” Cohen replied.

Cohen told the court that he did not return the  $30,000 because he did not think the former president deserved the difference. The Trump organization paid another $30,000 in taxes on the amount Cohen kept to himself, bringing the total amount he stole to $600,000.

CNN senior legal analyst Elie Honig insisted that Cohen committed larceny, a more serious crime than falsifying business records.

“The direct testimony the way Michael Cohen explained what happened,” Honig said. “Michael Cohen explained this whole thing, quote, ‘That’s what was owed and I didn’t feel Mr. Trump deserved the difference.’ That’s a lot different than ‘I stole $60,000 from my boss on the transaction at the heart of this case.’ And by the way, the fact that he was ever charged with larceny is important because stealing $60,000 through fraud, which would be larceny in New York State, is more serious of a crime than falsifying business records.”

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