During the ongoing legal proceedings, Michael Cohen was presented with an invoice from Investor Advisory Services, a third-party entity utilized by AMI for the transaction in question. The invoice indicated a 'flat fee for advisory services.'
Prosecutor Susan Hoffinger directly questioned Cohen about the accuracy of this description. Cohen promptly responded, stating that the information on the invoice was not truthful. He clarified that the payment was actually made for the life rights of Karen McDougal.
This revelation sheds light on the intricacies of the transaction and raises further questions about the nature of the dealings between the involved parties. The discrepancy between the stated purpose of the payment and its actual intent adds a layer of complexity to the case.
As the legal proceedings continue, it is likely that more details regarding this transaction will come to light. The testimony provided by Cohen regarding the true nature of the payment underscores the importance of transparency and accuracy in financial transactions.
