Re: Michael Cohen
Posted: Sat Apr 14, 2018 11:23 pm
Polly Sigh
How much did Trump know about his biz partners' criminality? Plenty. His small, sad company was mostly run by Don Jr, Ivanka & a lousy lawyer now facing federal charges – Cohen – who monetized Trump's willingness to sign contracts with criminals.
Michael Cohen and the End Stage of the Trump Presidency
Adam Davidson
On May 1, 2003, the day President George W. Bush landed on the U.S.S. Abraham Lincoln in front of the massive “Mission Accomplished” sign, I was in Baghdad performing what had become a daily ritual. I went to a gate on the side of the Republican Palace, in the Green Zone, where an American soldier was receiving, one by one, a long line of Iraqis who came with questions and complaints. I remember a man complaining that his house had been run over by a tank. There was a woman who had been a government employee and wanted to know about her salary. The soldier had a form he was supposed to fill out with each person’s request and that person’s contact information. I stood there as the man talked to each person and, each time, said, “Phone number?” And each person would answer some version of “The phone system of Iraq has been destroyed and doesn’t work.” Then the soldier would turn to the next person, write down the person’s question or complaint, and then ask, “Phone number?”
I arrived in Baghdad on April 12th of that year, a few days after Saddam’s statue at Firdos Square had been destroyed. There were a couple of weeks of uncertainty as reporters and Iraqis tried to gauge who was in charge of the country and what the general plan was. There was no electricity, no police, no phones, no courts, no schools. More than half of Iraqis worked for the government, and there was no government, no Army, and so no salaries for most of the country. At first, it seemed possible that the Americans simply needed a bit of time to communicate the new rules. By the end of April, though, it was clear: there was no plan, no new order. Iraq was anarchic.
We journalists were able to use generators and satellite dishes to access outside information, and what we saw was absurd. Americans seemed convinced things were going well in Iraq. The war—and the President who launched it—were seen favorably by seventy per cent of Americans. Then came these pictures of a President touting “Mission Accomplished”—the choice of words that President Trump used in a tweet on Saturday, the morning after he ordered an air strike on Syria. On the ground, we were not prophets or political geniuses. We were sentient adults who were able to see the clear, obvious truth in front of us. The path of Iraq would be decided by those who thrived in chaos.
I had a similar feeling in December, 2007. I came late to the financial crisis. I had spent much of 2006 and 2007 naïvely swatting away warnings from my friends and sources who told me of impending disaster. Finally, I decided to take a deep look at collateralized debt obligations, or C.D.O.s, those financial instruments that would soon be known as toxic assets. I read technical books, talked to countless experts, and soon learned that these were, in Warren Buffett’s famous phrase, weapons of financial mass destruction. They were engineered in such a way that they could exponentially increase profits but would, also, exponentially increase losses. Worse, they were too complex to be fully understood. It was impossible, even with all the information, to figure out what they were worth once they began to fail. Because these C.D.O.s had come to form the core value of most major banks’ assets, no major bank had clear value. With that understanding, the path was clear. Eventually, people would realize that the essential structure of our financial system was about to implode. Yet many political figures and TV pundits were happily touting the end of a crisis. (Larry Kudlow, now Trump’s chief economic adviser, led the charge of ignorance.)
In Iraq and with the financial crisis, it was helpful, as a reporter, to be able to divide the world into those who actually understand what was happening and those who said hopeful nonsense. The path of both crises turned out to be far worse than I had imagined.
I thought of those earlier experiences this week as I began to feel a familiar clarity about what will unfold next in the Trump Presidency. There are lots of details and surprises to come, but the endgame of this Presidency seems as clear now as those of Iraq and the financial crisis did months before they unfolded. Last week, federal investigators raided the offices of Michael Cohen, the man who has been closer than anybody to Trump’s most problematic business and personal relationships. This week, we learned that Cohen has been under criminal investigation for months—his e-mails have been read, presumably his phones have been tapped, and his meetings have been monitored. Trump has long declared a red line: Robert Mueller must not investigate his businesses, and must only look at any possible collusion with Russia. That red line is now crossed and, for Trump, in the most troubling of ways. Even if he were to fire Deputy Attorney General Rod Rosenstein and then had Mueller and his investigation put on ice, and even if—as is disturbingly possible—Congress did nothing, the Cohen prosecution would continue. Even if Trump pardons Cohen, the information the Feds have on him can become the basis for charges against others in the Trump Organization.
This is the week we know, with increasing certainty, that we are entering the last phase of the Trump Presidency. This doesn’t feel like a prophecy; it feels like a simple statement of the apparent truth. I know dozens of reporters and other investigators who have studied Donald Trump and his business and political ties. Some have been skeptical of the idea that President Trump himself knowingly colluded with Russian officials. It seems not at all Trumpian to participate in a complex plan with a long-term, uncertain payoff. Collusion is an imprecise word, but it does seem close to certain that his son Donald, Jr., and several people who worked for him colluded with people close to the Kremlin; it is up to prosecutors and then the courts to figure out if this was illegal or merely deceitful. We may have a hard time finding out what President Trump himself knew and approved.
However, I am unaware of anybody who has taken a serious look at Trump’s business who doesn’t believe that there is a high likelihood of rampant criminality. In Azerbaijan, he did business with a likely money launderer for Iran’s Revolutionary Guard. In the Republic of Georgia, he partnered with a group that was being investigated for a possible role in the largest known bank-fraud and money-laundering case in history. In Indonesia, his development partner is “knee-deep in dirty politics”; there are criminal investigations of his deals in Brazil; the F.B.I. is reportedly looking into his daughter Ivanka’s role in the Trump hotel in Vancouver, for which she worked with a Malaysian family that has admitted to financial fraud. Back home, Donald, Jr., and Ivanka were investigated for financial crimes associated with the Trump hotel in SoHo—an investigation that was halted suspiciously. His Taj Mahal casino received what was then the largest fine in history for money-laundering violations.
Listing all the financial misconduct can be overwhelming and tedious. I have limited myself to some of the deals over the past decade, thus ignoring Trump’s long history of links to New York Mafia figures and other financial irregularities. It has become commonplace to say that enough was known about Trump’s shady business before he was elected; his followers voted for him precisely because they liked that he was someone willing to do whatever it takes to succeed, and they also believe that all rich businesspeople have to do shady things from time to time. In this way of thinking, any new information about his corrupt past has no political salience. Those who hate Trump already think he’s a crook; those who love him don’t care.
I believe this assessment is wrong. Sure, many people have a vague sense of Trump’s shadiness, but once the full details are better known and digested, a fundamentally different narrative about Trump will become commonplace. Remember: we knew a lot about problems in Iraq in May, 2003. Americans saw TV footage of looting and heard reports of U.S. forces struggling to gain control of the entire country. We had plenty of reporting, throughout 2007, about various minor financial problems. Somehow, though, these specific details failed to impress upon most Americans the over-all picture. It took a long time for the nation to accept that these were not minor aberrations but, rather, signs of fundamental crisis. Sadly, things had to get much worse before Americans came to see that our occupation of Iraq was disastrous and, a few years later, that our financial system was in tatters.
The narrative that will become widely understood is that Donald Trump did not sit atop a global empire. He was not an intuitive genius and tough guy who created billions of dollars of wealth through fearlessness. He had a small, sad operation, mostly run by his two oldest children and Michael Cohen, a lousy lawyer who barely keeps up the pretenses of lawyering and who now faces an avalanche of charges, from taxicab-backed bank fraud to money laundering and campaign-finance violations.
Cohen, Donald, Jr., and Ivanka monetized their willingness to sign contracts with people rejected by all sensible partners. Even in this, the Trump Organization left money on the table, taking a million dollars here, five million there, even though the service they provided—giving branding legitimacy to blatantly sketchy projects—was worth far more. It was not a company that built value over decades, accumulating assets and leveraging wealth. It burned through whatever good will and brand value it established as quickly as possible, then moved on to the next scheme.
There are important legal questions that remain. How much did Donald Trump and his children know about the criminality of their partners? How explicit were they in agreeing to put a shiny gold brand on top of corrupt deals? The answers to these questions will play a role in determining whether they go to jail and, if so, for how long.
There is no longer one major investigation into Donald Trump, focussed solely on collusion with Russia. There are now at least two, including a thorough review of Cohen’s correspondence. The information in his office and hotel room will likely make clear precisely how much the Trump family knew. What we already know is disturbing, and it is hard to imagine that the information prosecutors will soon learn will do anything but worsen the picture.
Of course Trump is raging and furious and terrified. Prosecutors are now looking at his core. Cohen was the key intermediary between the Trump family and its partners around the world; he was chief consigliere and dealmaker throughout its period of expansion into global partnerships with sketchy oligarchs. He wasn’t a slick politico who showed up for a few months. He knows everything, he recorded much of it, and now prosecutors will know it, too. It seems inevitable that much will be made public. We don’t know when. We don’t know the precise path the next few months will take. There will be resistance and denial and counterattacks. But it seems likely that, when we look back on this week, we will see it as a turning point. We are now in the end stages of the Trump Presidency.
https://www.newyorker.com/news/news-des ... presidency
Polly Sigh
Former Russian Spy Worked On Trump Moscow Deal While Trump Ran For POTUS: Felix Sater contacted an 'ex' Russian GRU officer in 2015 who helped him & Michael Cohen seek financing from sanctioned VTB Bank & GenBank for the Moscow Trump Tower deal.
https://twitter.com/dcpoll/status/984915973747740673
A Former Russian Spy Worked On A Trump Moscow Deal During The Presidential Campaign
While Trump was running for president, his business team was trying to develop a Trump tower in Moscow — with the help of a former Russian military intelligence officer. But in a twist, that former officer also provided intelligence to the US.
April 13, 2018, at 4:14 p.m.
A former Russian spy helped Donald Trump’s business team seek financing for a Trump-branded tower in the heart of Moscow during the 2016 presidential campaign, according to two sources familiar with the matter.
This connection between Trump and Russian intelligence — made public here for the first time — is known to special counsel Robert Mueller’s team and raises fresh questions about the president’s connections to the Kremlin. The former agent, who had served in Russia’s military intelligence arm known as the GRU and later worked as an arms dealer, negotiated for financing from a Russian state-owned bank that was under US sanctions at the time.
But there is a twist: The former Russian spy also helped pass intelligence to the United States government on key national security matters, including al-Qaeda’s weapons caches and North Korea’s attempts to develop nuclear weapons. BuzzFeed News is not naming the Russian agent because two US intelligence officials said that doing so would endanger his life.
The Trump Moscow Project
Plans to build a Trump tower in Moscow were underway in late 2015 and early 2016, while Trump was running for president. A key player in the effort was Felix Sater, who had worked with Trump on real estate deals around the world.
In November 2015, Sater emailed Trump’s longtime personal attorney, Michael Cohen, famously saying in one message that he would “get all of Putin’s team to buy in” on the Trump tower deal, and boasting that he could get Putin to publicly praise the Republican candidate during the campaign. There is no evidence that Sater delivered on those promises. Sater previously told BuzzFeed News that his emails amounted to salesmanship, and the whole Trump Moscow project ultimately fizzled.
But a later message from Sater to Cohen, sent in early 2016, mentions a contact in Russia who could help facilitate the deal. That individual is a former colonel with Russia’s military intelligence, the two sources told BuzzFeed News. He did not immediately respond to requests for comment. Cohen also did not immediately respond to requests for comment sent through his attorney. Sater told BuzzFeed News, “I will not comment on anything related to ongoing investigations.”
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Sater contacted the former GRU officer in 2015 to help arrange financing. In Russia, where the president himself is a former KGB officer, it isn’t unusual for companies to work with former intelligence officers, who often retain key connections. To Sater, the former agent mentioned two banks: GenBank and VTB Bank. State-owned VTB was one of the top financial institutions in Russia for real estate projects at the time, but it was also on the US Treasury Department’s sanctions list. The former Russian agent told Sater that he could get financing through VTB Bank, but it is unclear how far negotiations may have progressed.
“VTB never held any negotiations on any matter relating to the construction of the Trump Tower," a VTB spokesperson said in a statement to BuzzFeed News. "We’d like to stress that no VTB group subsidiary ever had any dealings with Mr. Trump, his representatives or any companies affiliated with him.”
GenBank did not immediately respond to a request for comment; it could not be determined how far talks went with that bank.
Sater hoped to push the deal forward by attending the St. Petersburg International Economic Forum with Cohen in June 2016. Considered the most important economic gathering in Russia, the forum is regularly attended by business executives and top politicians, including President Vladimir Putin. The former Russian intelligence officer helped arrange an invitation to the conference for both Sater and Cohen, the sources said.
But neither Cohen nor Sater attended. Sources said Cohen canceled at the last minute and put the Moscow deal on hold until after the Republican National Convention. After Trump won the presidential election, the Trump Organization announced it would no longer be working on international deals, and Sater stopped working on the project.
Last year, after Sater, Cohen, and the Trump Organization turned over emails and documents to congressional and special counsel investigators, details leaked about the Trump Moscow deal and the attempt to get VTB to finance it.
Special counsel Robert Mueller’s team questioned Sater extensively about the officer and his role in the deal, as did House and Senate Intelligence Committee investigators, sources said. Spokespeople for the Senate Intelligence Committee declined to comment. Spokespeople for the House Intelligence Committee and the special counsel’s office did not respond to requests for comment.
BuzzFeed News has independently confirmed with three former US intelligence officials that the man worked as a GRU officer — but also that he had been a source of important intelligence for the US.
Again, Sater was the link. Sater first met the former intelligence officer in 1997 in Moscow, and the officer in turn introduced him to Milton Blane, an American arms dealer who held contracts with the US Defense Intelligence Agency. Blane, who died last year, recruited Sater to work as a confidential source for the US government. Code-named the Quarterback, Sater served for decades as a source for US law enforcement and intelligence agencies, and he continues to do so.
Information that the former Russian spy passed to Sater included details about Russian military technology, the satellite phone numbers of Osama bin Laden, the locations of al-Qaeda weapons depots and training camps, and photographs of a North Korean military official purchasing nuclear materials.
Another alleged former GRU military officer has recently been in the news, as a business associate of Trump’s former campaign manager, Paul Manafort. The Washington Post has reported that a description in court documents matches Konstantin Kilimnik, who worked with Manafort in Ukraine. Kilimnik, whose spokesperson has denied that he was ever in Russian intelligence, is not the former GRU officer who worked on the Trump Moscow project.
https://www.buzzfeed.com/jasonleopold/d ... .xd07Lq0Gm