1/ Rudy Giuliani: Trump reimbursed Michael Cohen for the $130,000 hush payment to Stormy Daniels, repaying Cohen through a series of payments over several months until the transactions were completed either in 2017 or early 2018. “The president repaid it,� Giuliani told Sean Hannity, but Trump “didn’t know about the specifics of it, as far as I know. But he did know the general arrangement, that Michael would take care of things like this, like I take care of things like this with my clients.� Giuliani said that Cohen had “settled several problems for� Trump, and the payment was one of them. (Washington Post)
Giuliani: There’s were “a few other situations that might have been considered campaign expenses� of a “personal nature� that Cohen took care of. “The president would have always trusted him as his lawyer, as my clients do with me. And that was paid back out of the rest of the money. And Michael earned a fee out of it.� (Washington Post)2/ Giuliani’s comments directly contradicted Trump’s earlier statement to reporters that he didn’t know of any payments to Stormy Daniels or where Cohen got the money. Reporters asked him about both issues last month aboard Air Force One. (New York Times)
Stormy Daniels’ former manager is cooperating with the FBI as part of its investigation into arrangement she struck with Cohen. (CNN)3/ Trump tweeted that campaign funds “played no roll in this transaction� — misspelling the word “role.� Trump and Giuliani both argued that the Stormy Daniels money came from Trump’s personal funds. Legal experts say that since it came right before the election, the transaction could be considered an in-kind campaign political contribution, making it subject to campaign finance laws. The Trump team never reported it. Trump tweeted that he paid Cohen a monthly retainer, suggesting that the payment by Cohen to Daniels could not be considered a campaign contribution. “The agreement was used to stop the false and extortionist accusations made by her about an affair,� Trump tweeted, “despite already having signed a detailed letter admitting that there was no affair.� Later, Giuliani said, “this was never about the campaign. This was about personal reputation. The money wasn’t paid to help the campaign or hurt the campaign.� (New York Times / USA Today)
Mr. Cohen, an attorney, received a monthly retainer, not from the campaign and having nothing to do with the campaign, from which he entered into, through reimbursement, a private contract between two parties, known as a non-disclosure agreement, or NDA. These agreements are.....
— Donald J. Trump (@realDonaldTrump) May 3, 2018