Michael Cohen admits on the stand to stealing from Trump Org. by overcharging for reimbursements
SUMMARY
Michael Cohen, during his cross-examination, admitted to stealing from the Trump Organization. He revealed he was not prosecuted for larceny or made to pay it back. Cohen testified he paid $20,000 in cash to tech company RedFinch and kept the remaining $30,000, which was part of a $50,000 payment. He was reimbursed $100,000 by Trump's company for this. This admission has been seen as damaging to both Cohen and the prosecution.
