To: RetiredNow who wrote (1068342 ) 5/9/2018 6:11:22 PM From: Brumar89 Read Replies (4) | Respond to of 1574854 Since Trump's election, corporations paid millions of dollars to a shell company created by Michael Cohen, a man who doesn't appear to practice law and is known as a "fixer" for Trump. Why? Isn't this the "swamp" Trump promised to drain? Renato Mariotti Retweeted Michael Cappetta The question remains—why was a large pharmaceutical company paying hundreds of thousands of dollars to a company created by Michael Cohen to pay off Stormy Daniels?Michael Cappetta Verified account @MCappetta NEW: Pharma-Giant @Novartis spokesperson tells me "any agreements with Essential Consultants were entered before our current CEO taking office in February of this year and have expired."… Replying to @renato_mariotti @MichaelAvenatti Gotta give trump credit, tho. He didn't just pay hush money to a porn star he slept with right after his son was born. He led a conspiracy to commit bank and wire fraud USING A RUSSIAN OLIGARCH'S MONEY to do so. I mean, might as well go big, right? 2/ One of the most important allegations is that Cohen made various misrepresentations to First Republic Bank when he opened a bank account for Essential Consultants LLC, the company he created that was used to transmit the $130,000 payment to Daniels. 3/ Among other things, Cohen allegedly told First Republic Bank that Essential was a real estate consulting company that collected fees for investment consulting work from high net worth individuals and that it would be receiving wires from people within the U.S. 4/ Avenatti claims that Cohen's representations to the bank were false, which appears to be the case because Essential seems to be little more than a shell company used by Cohen to funnel payments. That matters because, as Avenatti notes, bank fraud is a federal crime. 5/ So did Cohen commit bank fraud? It's not clear from the information provided by Avenatti, but it's worth noting that federal prosecutors in Manhattan are reportedly investigating Cohen for bank fraud. Typically, bank fraud is when you purposely deceive a bank to get money. 7/ Avenatti also alleges that within 75 days of the payment to Daniels, a Russian oligarch "caused substantial funds to be deposited into the bank account" Cohen used for the payment. 9/ According to Avenatti, the payments to Essential from the Oligarch were routed through a U.S. company called Columbus Nova. This suggests that the oligarch wanted to hide the payment, and might give Cohen the defense that he didn't know that the payment was from the Russian. 11/ According to @CNN , it is unknown whether the oligarch's U.S. company was a client of Cohen's or whether Cohen did work for the company. @CNN reported that Mueller's investigators also asked the oligarch about over $300,000 in contributions to Trump by the oligarch's cousin. 12/ The cousin is the head of the U.S. company, Columbus Nova, that put the money in the Essential account after the payment to Daniels. Also, according to Avenatti, pharmaceutical company Novartis deposited almost $300,000 and AT&T deposited $200,000 into the account. 13/ It's not clear what Cohen was doing with all of the deposits, but it's easy to see why law enforcement is investigating whether Cohen committed bank fraud or campaign finance violations. 14/ The key questions are (1) whether Cohen deceived the bank to obtain money or property; (2) whether he funneled campaign-related payments from foreign nationals and hid the source of the payments; and (3) whether he broke other laws to hide this activity.