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Michael Cohen, President Donald Trump’s personal lawyer, gained access to as much as $774,000 through two financial transactions during the 2016 presidential campaign as he sought to fix problems for his boss, public records show.
Those transactions could factor into a broad investigation of Mr. Cohen’s business affairs being conducted by Manhattan federal prosecutors and the Federal Bureau of Investigation, who are examining whether Mr. Cohen violated any laws in his efforts to raise cash and conceal negative information about Mr. Trump, according to people familiar with the matter. Those include transactions tied to his credit line and his ownership of real estate and taxi medallions, the people said.
The article goes on to state the following:
In February 2016, as Mr. Trump’s fortunes as a presidential candidate rose, Mr. Cohen nearly doubled the amount he could use on a bank credit line tied to his Manhattan apartment, increasing his ability to borrow by $245,000, according to real-estate records.
Three months earlier, he gained potential access to another $529,000, through a new mortgage that he and his wife cosigned on a condominium owned by her parents at Trump World Tower, a Trump building in New York, separate real-estate records show.
As part of a broad effort to determine how Mr. Cohen got access to cash and what he did with it, federal prosecutors and the FBI are examining whether Mr. Cohen committed bank fraud by making false statements inflating the value of his assets to obtain loans or by misstating the intended purpose of the loans, these people said.
Mr. Cohen and his lead attorney didn’t respond to a request for comment.
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