Thanks for reporting @Sillybilly
. And more good wishes!
Per page 14 of Cohen’s Sentencing Memorandum, he received $420,000 in 12 monthly installments of $35,000/month throughout 2017. I’m unclear why only 11 checks are mentioned, but I think only part of the payments related to SD. No doubt someone better at math than I am can figure it out.
After the election, Cohen sought reimbursement for election-related expenses, including
the $130,000 payment he had made to Woman-2. Cohen presented an executive of the Company with a copy of a bank statement reflecting the $130,000 wire transfer. Cohen also requested reimbursement of an additional $50,000, which represented a claimed payment for campaign- related “tech services.” Executives of the Company agreed to reimburse Cohen by adding $130,000 and $50,000, “grossing up” that amount to $360,000 for tax purposes, and adding a $60,000 bonus, such that Cohen would be paid $420,000 in total. Executives of the Company decided to pay the $420,000 in monthly installments of $35,000 over the course of a year. (PSR ¶¶ 52-53).
At the instruction of an executive for the Company, Cohen sent monthly invoices to the Company for these $35,000 payments, falsely indicating that the invoices were being sent pursuant to a “retainer agreement.” The Company then falsely accounted for these payments as “legal expenses.” In fact, no such retainer agreement existed and these payments were not “legal expenses” – Cohen in fact provided negligible legal services to Individual-1 or the Company in 2017 – but were reimbursement payments. Cohen then received the $420,000