Michael Cohen just bought a $7 million condo. Looks like money-laundering to me.

[DetlefK]

https://www.dailykos.com/stories/2018/7/12/1779973/-Despite-apparent-financial-struggles-Michael-Cohen-bought-a-6-7-million-condo-from-Trump-pals

All that is to say that Cohen didn’t appear to have millions in cash lying around to hand out to Donald Trump’s accusers. Fast forward to April 2018 and somehow, someway, Michael Cohen closed on a $6.7 million condo from a longtime friends of Donald Trump. From the Wall Street Journal:

...

Mr. Cohen financed the purchase by securing a $3.5 million short-term mortgage from the developers, rather than getting financing from a bank, according to public records. While developers occasionally offer to finance purchases in their projects, such developer financing is unusual in Manhattan, real-estate attorneys say. People familiar with the deal said Mr. Cohen would have had trouble securing traditional financing because the unit did not yet meet the city’s legal requirements for occupancy.

So... Michael Cohen is now the owner of a $7 million condo he bought from Trump with a loan he got from Trump.

The big question is: How much did he actually pay Trump for that nice $7 million condo? Was it really $6.7 million? Or was it less?





Also, Manafort got a $2.8 million "loan" from Trump after leaving the campaign. A "loan" handed out without guidelines how and when to repay it.

[manor321]

1. Not "just"

The "just" in the title is misleading. It was in April, the same month he was raided. A lot has happened since then.

[Raster]

2. Thank you for that clarification...

...because accuracy matters.