Former Trump attorney Michael Cohen admitted in testimony Monday that he stole thousands of dollars from the Trump Organization by overstating how much he paid a tech company that provided services for the Trump Organization. 'You stole from the Trump Org, right?' Trump attorney Todd Blanche asked Cohen Wednesday morning. 'Yes, sir,' Cohen responded.
Cohen testified Monday that he went to TD Bank and withdrew cash over a couple of days to pay Red Finch for its services, which he stored in a brown paper bag. The cash ultimately totaled about $20,000, which he gave to Red Finch's CEO, according to Cohen, but he said he never gave the company the total $50,000. During a 2017 meeting on the repayment plan, Cohen said he told Weisselberg he paid Red Finch $50,000 – meaning he pocketed a $30,000 difference.
Cohen's testimony marks the fourth day he has taken the stand. Trump's legal team last week said they anticipated wrapping up cross-examination with Cohen on Monday. Closing arguments for the case are anticipated next Tuesday, following the Memorial Day holiday. Cohen's testimony last week included him describing that he used his personal funds to pay Daniels in 2016 through a home equity line of credit.