Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Top News
Top News
Politics

Donald Trump Identified As Sole Beneficiary In Payment Scheme

Honduras President Juan Orlando Hernandez shakes hands with U.S. President Donald Trump during the signing of an agreement where Honduras will accept more asylum seekers heading to the U.S. under lat

During a recent court hearing, prosecutor Joshua Steinglass made a significant statement regarding the payment scheme involving former President Donald Trump and his former attorney Michael Cohen. Steinglass emphasized that Trump was 'the beneficiary of the entire scheme,' indicating that the arrangement was designed to benefit Trump exclusively.

The payment scheme in question involved reimbursing Cohen in installments over a year. Steinglass pointed out that this method did not serve Cohen's best interests, as he needed to repay a home equity loan discreetly, without his wife discovering the financial transactions.

Steinglass further highlighted that the false business records created as part of the scheme were intended to benefit only one individual - Donald Trump. This assertion suggests that the actions taken in relation to the payments were primarily aimed at advancing Trump's interests.

The revelations made during the court hearing shed light on the intricate details of the payment scheme and its underlying motivations. The focus on Trump as the primary beneficiary underscores the significance of his role in the arrangement and raises questions about the nature of the financial transactions between Trump and Cohen.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.