WSJ: Michael Cohen secured access to as much as $774,000 during campaign to fix Trump’s problems

Fox Business / YouTube NBC News corrects story on Michael...
Fox Business / YouTube

Here’s your Saturday juice, compliments of the Wall Street Journal…

Michael Cohen, President Donald Trump’s personal lawyer, gained access to as much as $774,000 through two financial transactions during the 2016 presidential campaign as he sought to fix problems for his boss, public records show.

Those transactions could factor into a broad investigation of Mr. Cohen’s business affairs being conducted by Manhattan federal prosecutors and the Federal Bureau of Investigation, who are examining whether Mr. Cohen violated any laws in his efforts to raise cash and conceal negative information about Mr. Trump, according to people familiar with the matter. Those include transactions tied to his credit line and his ownership of real estate and taxi medallions, the people said.

In February 2016, as Mr. Trump’s fortunes as a presidential candidate rose, Mr. Cohen nearly doubled the amount he could use on a bank credit line tied to his Manhattan apartment, increasing his ability to borrow by $245,000, according to real-estate records. Three months earlier, he gained potential access to another $529,000, through a new mortgage that he and his wife cosigned on a condominium owned by her parents at Trump World Tower, a Trump building in New York, separate real-estate records show.

Looks like Giuliani lowballed it, but the feds are on the case. Facts are stubborn things.

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