Published: Sat, May 12, 2018
Money | By Bruce West

Giuliani says Trump 'had no knowledge' of Cohen's corporate clients

Giuliani says Trump 'had no knowledge' of Cohen's corporate clients

In addition to AT&T, Avenatti's document revealed details of payments to Cohen's LLC from Korea Aerospace Industries, the global health care firm Novartis AG, and Columbus Nova, a NY investment firm run by Andrew Intrater, a cousin of Russian billionaire Viktor Vekselberg.

Payments that AT&T (NYSE:T) made to President Trump's personal lawyer aren't likely to have any bearing on the judge's decision in a landmark antitrust trial, Cowen says.

Avenatti has declined to reveal his sources for the information he released, several companies have now publicly confirmed their consulting deals with Cohen.

"It was all captured in one phrase that came to define the 2016 campaign's epic battle between the populist insurgent and the corrupt Clinton machine and all it represented: Drain the Swamp!" the Tory argued. The company has since called the contract a mistake and said Cohen could not provide the services they expected.

The FBI raided Cohen's home and office in April, as part of a probe being conducted by NY federal prosecutors. Within Time Warner this week, officials were surprised to learn about the contract with Essentials Consulting. But the fact is, our past association with Cohen was a serious misjudgment.

When AT&T swung its deal with Cohen, the merger was very much an issue in Washington.

Former New York City Mayor Rudy Giuliani speaks to reporters at Trump Tower in New York City on January 12, 2017. "They went about it in the wrong way". By October, they thought the thumbs-up was right around the corner. AT&T said it had "cooperated fully" with the inquiries. However, he noted that hiring the president's lawyer could trigger ethical questions.

Giuliani made the slur about Stormy Daniels' lawyer during an interview with Business Insider, responding to Avenatti's request this week to have an on-air discussion about his client's defamation suit against President Donald Trump. The Washington team had hired Cohen under a one-year contract that paid $50,000 a month.

Hours before her briefing, AT&T's CEO said his company's financial arrangement with Cohen, all $600K of it, had been a big mistake.

AT&T has said it needs to buy Time Warner to compete with the likes of Amazon, Netflix and Google in the rapidly evolving world of video entertainment.

But although the two men arrived within minutes of each other, they did not meet that day and have never met, AT&T said this week.

The Justice Department is seeking to block AT&T's $85 billion purchase of Time Warner on the grounds that it would stifle competition.

At the time it was making the payments, Wyden said, the company was negotiating with FDA over the approval.

The Washington Post reported on Thursday, citing internal company documents, that Cohen's deal with AT&T included providing advice about the company's proposed merger with.

Some within Washington's cozy lobbying circles expressed bemusement that AT&T was apologizing for behavior that has become commonplace for corporations in the capital - paying for advice about the government's most powerful decision-makers.

Novartis paid Cohen $1.2 million dollars over twelve months after Cohen pitched his services to the company early in 2017, according to spokesman Eric Althoff. "My personal commitment to you is - we will do better", he wrote.

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