President Trump’s personal lawyer Michael Cohen gained access to roughly $774,000 through two financial transactions during the 2016 campaign, The Wall Street Journal reported Friday.
According to real estate records cited by the newspaper, during the campaign Cohen nearly doubled how much he could use on a credit line linked to his apartment in Manhattan. The amount rose to $245,000 as Trump’s income grew during the presidential race in February 2016.
Cohen also gained possible access to an additional $529,000 through a mortgage he co-signed with his wife for a condominium owned by her parents at Trump World Tower in late 2015, the Journal reported.
That was in addition to refinancing existing debt on the condo, which his wife’s parents bought in 2004. The Journal reported that it’s unclear whether or how that money was spent.
The Journal reported that the FBI is probing whether Cohen committed bank fraud by making false statements regarding his assets as part of an effort to secure loans. Authorities are also reportedly looking into whether Cohen ever misstated the intended purposes of the loans.
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#BREAKING: Cohen got access to $774,000 while fixing problems for Trump campaign: report https://t.co/FIej5jCQGn pic.twitter.com/Bu7QoP35n3
— The Hill (@thehill) May 5, 2018
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