Michael Cohen reportedly stockpiled money to tie up loose ends for Trump during the 2016 election

  • Michael Cohen reportedly stockpiled some money to help tie up loose ends for Donald Trump before he won the presidential election in 2016.
  • A new report from The Wall Street Journal cites public documents that show Cohen gained access to more than $700,000 for that effort, through a couple of financial transactions.
  • Cohen previously acknowledged that he had obtained a home-equity line of credit in order to pay $130,000 to adult-film actress Stormy Daniels, as part of a nondisclosure agreement to keep her quiet about a 2006 sexual encounter she said she had with Trump.
  • The revelation about Cohen's financial maneuvers emerges as prosecutors dig into his past business dealings. He is currently under criminal investigation.


Michael Cohen, the longtime personal attorney to President Donald Trump, reportedly gained access to a large sum of money meant to be used for tying up loose ends on behalf of Trump during the 2016 election.

According to a report from The Wall Street Journal published Friday night, Cohen executed a couple of financial transactions that freed up as much as $774,000. The transactions include a line of credit tied to Cohen's apartment in Manhattan, and a separate mortgage on a Trump World Tower apartment on which both Cohen and his wife are signers.

The Journal cites public real-estate records that show those transactions took place between late 2015 and February 2016.

Cohen previously acknowledged that he had obtained a home-equity line of credit in order to pay $130,000 to adult-film actress Stormy Daniels, a woman who said she had an affair with Trump in 2006. That money was part of a nondisclosure agreement between Daniels, Cohen, and Trump. Daniels filed a lawsuit in California earlier this year seeking to be released from that contract.

Trump's newest defense attorney, Rudy Giuliani, revealed on Wednesday that Trump reimbursed Cohen for the $130,000 payment to Daniels, potentially amplifying the president's legal exposure in the matter.

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Michael Cohen, Stormy Daniels hush payment scandal
Adult-film actress Stephanie Clifford, also known as Stormy Daniels speaks to the media outside US Federal Court on April 16, 2018, in Lower Manhattan, New York. President Donald Trump's personal lawyer Michael Cohen has been under criminal investigation for months over his business dealings, and FBI agents last week raided his home, hotel room, office, a safety deposit box and seized two cellphones. Some of the documents reportedly relate to payments to porn star Stormy Daniels, who claims a one-night stand with Trump a decade ago, and ex Playboy model Karen McDougal who also claims an affair. / AFP PHOTO / HECTOR RETAMAL (Photo credit should read HECTOR RETAMAL/AFP/Getty Images)
U.S. President Donald Trump's personal lawyer Michael Cohen arrives at federal court in the Manhattan borough of New York City, New York, U.S., April 16, 2018. REUTERS/Mike Segar
Michael Avenatti, lawyer for adult film actress Stephanie Clifford, also known as Stormy Daniels, leaves federal court in the Manhattan borough of New York City, New York, U.S., April 16, 2018. REUTERS/Lucas Jackson
Michael Cohen's attorney Todd Harrison arrives at federal court in the Manhattan borough of New York City, New York, U.S., April 16, 2018. REUTERS/Mike Segar
U.S. President Donald Trump's personal lawyer Michael Cohen (centre) leaves federal court in the Manhattan borough of New York City, New York, U.S., April 16, 2018. REUTERS/Brendan Mcdermid
Adult film actress Stephanie Clifford, also known as Stormy Daniels speaks to media along with lawyer Michael Avenatti (R) outside federal court in the Manhattan borough of New York City, New York, U.S., April 16, 2018. REUTERS/Lucas Jackson
Michael Cohen's attorney Todd Harrison is pictured outside the Manhattan Federal Court in New York City, New York, U.S., April 13, 2018. REUTERS/Jeenah Moon
U.S. President Donald Trump's personal lawyer Michael Cohen exits a hotel in New York City, U.S., April 11, 2018. REUTERS/Brendan McDermid
Adult film actress Stephanie Clifford, also known as Stormy Daniels, speaks to media along with lawyer Michael Avenatti (R) outside federal court in the Manhattan borough of New York City, New York, U.S., April 16, 2018. REUTERS/Brendan Mcdermid
Attorney for Stormy Daniels, Michael Avenatti is pictured though a window as he arrives at federal court in the Manhattan borough of New York City, New York, U.S., April 16, 2018. REUTERS/Lucas Jackson
Adult-film actress Stormy Daniels and attorney Michael Avenatti arrive at Federal Court in New York, U.S., on Monday, April 16, 2018. Daniels claims she had sex with Donald Trump in 2006 and took a $130,000 hush payment shortly before the 2016 election from lawyer Michael Cohen. Photographer: Victor J. Blue/Bloomberg via Getty Images
President Trumps lawyer Michael Cohen exits the US Federal Court on April 16, 2018, in Lower Manhattan, New York. President Donald Trump's personal lawyer Michael Cohen has been under criminal investigation for months over his business dealings, and FBI agents last week raided his home, hotel room, office, a safety deposit box and seized two cellphones. Some of the documents reportedly relate to payments to porn star Stormy Daniels, who claims a one-night stand with Trump a decade ago, and ex Playboy model Karen McDougal who also claims an affair. / AFP PHOTO / EDUARDO MUNOZ ALVAREZ (Photo credit should read EDUARDO MUNOZ ALVAREZ/AFP/Getty Images)
Adult-film actress Stephanie Clifford, (C) also known as Stormy Daniels arrives for a court hearing at the US Courthouse in New York on April 16, 2018. President Donald Trump's personal lawyer Michael Cohen has been under criminal investigation for months over his business dealings, and FBI agents last week raided his home, hotel room, office, a safety deposit box and seized two cellphones. / AFP PHOTO / Hector RETAMAL (Photo credit should read HECTOR RETAMAL/AFP/Getty Images)
Attorney for Stormy Daniels, Michael Avenatti(C), arrives for a court hearing at the US Courthouse in New York on April 16, 2018. President Donald Trump's personal lawyer Michael Cohen has been under criminal investigation for months over his business dealings, and FBI agents last week raided his home, hotel room, office, a safety deposit box and seized two cellphones. / AFP PHOTO / HECTOR RETAMAL (Photo credit should read HECTOR RETAMAL/AFP/Getty Images)
NEW YORK, NY - APRIL 13: Michael Avenatti (R), attorney for Stormy Daniels, arrives for a court proceeding regarding the search warrants served on President Donald Trump's longtime personal attorney Michael Cohen, at the United States District Court Southern District of New York, April 13, 2018 in New York City. Cohen and his lawyers are asking the court to block Justice Department officials from reading documents and materials related to his relationship with President Donald Trump that they believe should be protected by attorney-client privilege. Officials with the FBI, armed with a search warrant, raided Cohen's office and two private residences earlier in the week. (Photo by Drew Angerer/Getty Images)
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The new revelations about Cohen's financial maneuvers add color to his role as Trump's fixer, who the billionaire businessman has dispatched over the years to extinguish legal fires on his behalf. Prosecutors in New York are digging into Cohen's past business dealings. He is currently under criminal investigation.

The inquiry hit a crescendo last month, when the FBI raided Cohen's property and confiscated a trove of documents and devices linked to Cohen's clients, including Trump. The case against Cohen is unrelated to the ongoing Russia investigation.

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