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Novartis Gave $1.2 Million to Trump Lawyer Cohen's Company

11 Mai 2018

The $600,000 that AT&T (NYSE:T) agreed to pay to President Trump's personal attorney Michael Cohen was to go for advice on the company's buyout of Time Warner (NYSE:TWX), The Washington Post reports.

It seems as if there is no end to Michael Cohen's woes as it has now emerged he sold access to President Donald Trump, in an attempt to roll in cash for his shell company. While there is nothing improper about the practice, the issue is more complicated in this case because Mr. Cohen was operating as both a strategic adviser and personal lawyer to Mr. Trump.

In the wake of Trump's election, corporate clients paid Cohen at least $2.95 million through a company called Essential Consultants, according to figures confirmed by the companies.

"Avenatti is seemingly in possession of and has printed data from a few of Mr. Cohen's precise financial institution information" that he has "no lawful foundation to own", Cohen's attorneys contend, including that Avenatti's doc comprises a "variety of blatantly incorrect statements".

Avenatti declined to comment on the probe, and Stephen Ryan, an attorney for Cohen, did not immediately respond to a request for comment.

Michael Avenatti, lawyer and spokesperson for grownup movie star Stormy Daniels, listens to a reporters' query throughout an interview at The Related Press, March 21, 2018, in NY.

"Cohen's corporate clients had business pending before the Trump administration", he said. "Many of you will feel disappointed and frustrated", he said. According to the document, AT&T made four payments of $50,000 each between Oct. 3 of a year ago and January 3 to Essential Consultants, a DE firm that was reportedly created in October 2016 ahead of the U.S. presidential election to pay Clifford.

A few days later, the Federal Bureau of Investigation raided Michael "The Fixer" Cohen's home, office, hotel room and safe-deposit box - seizing business records, emails and documents related to several topics - including the payment to Daniels.

His client Daniels, whose real name is Stephanie Clifford, has said Cohen paid her $130,000 a month before the election to stay quiet about the sexual encounter.

One of the wrong Michael Cohens is a Canadian who was identified in Avenatti's report as getting a $4,250 transfer from Actuarial Partners Conusulting SDN to a bank in Toronto.

The White House referred questions to Trump's outside lawyers.

It was reported today by The Washington Post that the U.S. Treasury inspector has launched an investigation as to whether suspicious activity reports of Cohen's banking transactions were "improperly disseminated".

Rosenstein said that if Cohen had Trump's permission to reveal confidential information about him, then the implications may be significant. "Fortune 500 companies are risk averse", a top G.O.P. lobbyist said. (One employee noted that it wouldn't have been worth potentially angering Trump.) The hundreds of thousands of dollars that AT&T paid Cohen for "insights"-like how to keep its Time Warner merger on track, theoretically-apparently didn't do anything to stop Trump's Department of Justice for spanking AT&T with an antitrust lawsuit". The drugmaker said it provided all the information requested and considers the matter closed.

Vekselberg was targeted for US sanctions by the Trump administration last month. No allegation has been made relating to Cohen's consultancy work.

AT&T on Tuesday said it sought insights into the new administration from Essential Consultants, but did not engage in lobbying.

In its release Wednesday afternoon, Novartis said the payments made to Cohen predated Narasimhan's tenure as CEO, which began February 1, 2018.

"We made a mistake in entering into this engagement and, as a outcome, are being criticized by a world that expects more from us", Dr. Narasimhan said in the email, which was earlier reported by STAT, a healthcare publication of Boston Globe Media.

Novartis Gave $1.2 Million to Trump Lawyer Cohen's Company