earlier he gained access to another $529,000 through a new mortgage that he and his wife cosigned on a continuedmin numb owned by her parents at trump world tower. it isn t clear whether michael cohen used these sources of cash to settle problems for trump. but sources tell the washington journal, that they re examining whether or not michael cohen committed bank fraud by inflating the value of his assets to obtain loans or misstating the purpose of his loan. he said he used the line of credit to make the $130,000 hush payment to stormy daniels. in an interview this week, rudy giuliani said the president had reimbursed michael cohen for the stormy daniels payment and indicated that trump had reimbursed cohen for other matters as well. quote, he was paid by donald trump s personal funds and he
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his applications to banks or statements to banks or in terms of what kind of campaign finance laws may have been violated. what we found was that well, first of all in november 2015, michael cohen s in-laws refinanced an apartment and took $529,000 out of the equity from the apartment. and he cosigned the loan for that. so it s not clear what happened to that money. but it is unusual in the sense that he had never co-signed a mortgage for their apartment before and the cash was taken out. and then secondly, in february of 2016, which was right as donald trump was entering the republican primaries, he was leading in the polls doing surprisingly well for someone who had no experience, michael cohen doubles his home equity
$529,000 tied to his wife s parents mortgage. cohen is under investigation in a broad case that involves the payments of stormy daniels and the play mate who claims she has happen affair with donald trump. prosecutors and the fbi are examining whether cohen committed bank fraud by misstating the intended purpose of the loans like when he claimed to use a home equity line of get to pay stormy daniels. giuliani was asked about the retainer the president used to reimburse michael cohen. did michael cohen make other payments to other women. i have no knowledge of that. this is the kind of thing that i ve settled for celebrities and
street journal about michael cohen s access to cash, the journal reports, he gained access to as much as $774,000 through two financial transactions during the campaign as he sought to fix problems for his boss public records show. those transactions could factor into a broad investigation of his business affairs conducted by manhattan prosecutors and the federal bureau of investigation. according to the wall street journal in february of 2016, cohen nearly doubled the amount he could use on a bank credit lined tied to his manhattan apartment. increasing his ability to borrow by $245,000, three months earlier he gained access to another $529,000 through a new mortgage that he and his wife cosigned on a continuedmin numb owned by her parents at trump world tower.