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Complexities of Stormy Daniels' Payout Mean Trump Likely Knew About It

06 March 2018

The Wall Street Journal reported that Cohen was working to secure a deal with Clifford's representatives in October 2016, but was unable to track down Trump.

Cohen has claimed the cash was his own way to help Trump by making Daniels' "false" claim disappear. Cohen reportedly blew two deadlines to reach an agreement with Daniels because he had trouble getting in touch with Trump to secure the funds.

The White House and Cohen have vehemently denied reports that Trump and Daniels had a year-long affair that started a few weeks after First Lady Melania gave birth to their son, Barron, in 2006. However, the WSJ also reported that after Mr. Trump won the presidency, Cohen complained to his friends that he hadn't been reimbursed for the payment to Clifford.

Cohen dismissed the report as "Fake News" to the Journal.

President Trump during a meeting in the Cabinet Room of the White House last month.

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'Not that I'm aware of, ' the press secretary responded. The hefty transaction, wired through an anonymous limited liability company, drew the attention of First Republic bankers, who reported it to the Treasury Department as suspicious, a second source said. "And I'd refer you to Michael".

According to the report, Cohen's $130,000 payment to Daniels, whose real name is Stephanie Clifford, set off red flags with his bank, First Republic, when a wire transfer was issued from a business account to the client-trust account of Keith Davidson, Daniels' lawyer.

That Post report also said Clifford's attorney Keith Davidson was contacted by City National Bank in Beverly Hills, the bank Davidson used to receive Cohen's payment, nearly a full year after the payment.

The Treasury Department also wouldn't comment for the Journal's story. He said he wasn't reimbursed by the Trump campaign or the Trump Organization, his former employer, but declined to answer questions about whether he was reimbursed by Mr. Trump or anyone else. The Journal said the review could have come in response to a subpoena or to regulators, and the bank told the Post that it would not "confirm or comment on inquiries from regulatory agencies or law enforcement, including subpoenas".

Complexities of Stormy Daniels' Payout Mean Trump Likely Knew About It