Key Senate Democrat demands information about Cohen's missing financial documents
Last edited Thu May 17, 2018, 08:01 PM - Edit history (1)
MELANIE SCHMITZ at Think Progress
https://thinkprogress.org/wyden-asks-treasury-for-cohen-sars-information-0baa8729c793/
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Senate Finance Committee Ranking Member Ron Wyden on Thursday sent a letter to Treasury Department Inspector General Eric M. Thorson, requesting information about a series of suspicious activity reports (SARs) on longtime Trump attorney Michael Cohen, which have allegedly gone missing.
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Reports last week showed that Cohen was paid millions of dollars through a shell company, Essential Consultants LLC, by several companies with regulatory matters before the administration in the days after Trump was first elected. Several of those companies — including AT&T and pharmaceutical company Novartis — have since defended those payments, claiming they were for consulting on policy matters.
However, Cohen’s shell company has triggered several SARs, which banks are required to file to the federal government if they suspect potential illegal activity like money laundering.
Furthermore, according to a report by investigative reporter Ronan Farrow in The New Yorker, published Wednesday, at least two SARs — filed by First Republic Bank and detailing more than $3 million in payments to Cohen from various businesses with regulatory matters before the administration — are no longer listed in the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) database.
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