Report: Cohen Took Out $774,000 in Credit During Trump Campaign
Prosecutors are expected to examine whether it was used to settle problems for Trump.
Jeenah Moon/Reuters
Trump lawyer Michael Cohen took out lines of credit worth as much as $774,000 during the 2016 presidential campaign, The Wall Street Journal reports. Federal prosecutors examining Cohen’s personal business dealings are said to be looking into whether he made any illicit campaign donations to Trump during that time, and also any other payments he may have made to cover up problems for the soon-to-be-president. In February 2016, just months before Trump won the GOP presidential nomination, Cohen increased the amount he could use on a bank credit line to $245,000, and shortly before that he gained access to another $529,000 from a new mortgage he and his wife co-signed for a condo at Trump World Tower, according to the Journal. Cohen has previously admitted to using his home-equity line of credit to make a $130,000 payment to adult film star Stormy Daniels to keep her quiet about an alleged affair with Trump.
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