4:28 pm ET, April 26, 2024
Farro says Cohen “changed course” once before opening the LLC that he used to make Stormy Daniels payment
Farro says the bank “did all of our work to establish” Cohen’s original account, but it was never funded.
“A deposit was never made in the account, so the account never went live,” Farro says.
Thirteen days later, on October 26, 2016, Farro received another email from his assistant to return Michael Cohen’s call, according to the court exhibit.
“He stated he was changing course and no longer wanted to open Resolution Consultants, and wanted to open a new account,” Farro says.
“Every time Michael Cohen spoke to me he gave a sense of urgency and this was one of those times.”
The new LLC was Essential Consultants LLC, Farro says.
This is the LLC that Cohen used to pay Stormy Daniels the $130,000 payment.
On the form the bank prepared for Cohen to open the account, it stated under “business narrative” that Cohen was opening the account for a real estate consulting company to collect fees for consulting work on real estate deals.
Cohen again checked “No” on a form that asked if the entity is “associated with political fundraising/Political Action Committee (PAC).”
