Tag: Essential Consultants LLC

Cohen promised Novartis access to Trump

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President Trump’s personal lawyer Michael Cohen promised the pharmaceutical company Novartis that they could have access to President Trump and his inner circle if they signed a contract with him, a Novartis employee told Stat on Wednesday.

The employee told Stat that Cohen contacted then-chief executive officer Joe Jimenez last year, promising that he could get Novartis access to both Trump and top administration officials. Jimenez then reportedly ordered company officials to make a deal with Cohen.

“With a new administration coming in, basically, all the traditional contacts disappeared and they were all new players,” the employee told the publication. “We were trying to find an inroad into the administration. Cohen promised access to not just Trump, but also the circle around him. It was almost as if we were hiring him as a lobbyist.”

Novartis on Wednesday in a statement said that it hired Cohen in February 2017 for consulting services, paying him a total of $1.2 million for a one-year contract.

The company also said that special counsel Robert Mueller had contacted it last year over the payments to Cohen.

“With the recent change in administration, Novartis believed that Michael Cohen could advise the company as to how the Trump administration might approach certain US healthcare policy matters, including the Affordable Care Act,” the company said in a statement Wednesday.

However, Novartis said that it concluded that Cohen would “be unable to provide the services that Novartis had anticipated related to US healthcare policy matters and the decision was taken not to engage further.”

The contract was not terminated and Cohen continued to be paid in monthly installments through the end of the agreement.

The payments to Cohen’s shell company, Essential Consultants LLC, from Novartis were first detailed in a report by Stormy Daniels’ attorney Michael Avenatti on Tuesday. Daniels is currently suing Cohen for defamation.

Cohen arranged a payment to Daniels to stay quiet about her alleged affair with Trump. Daniels is also suing Trump to void the nondisclosure agreement about the alleged affair.

[The Hill]

AT&T confirms it paid Trump lawyer Michael Cohen for ‘insights’ on administration

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Telecommunications giant AT&T said Tuesday night that it had paid President Donald Trump‘s lawyer Michael Cohen for “insights” about the Trump administration.

AT&T’s admission came after a lawyer for porn star Stormy Daniels claimed the company, drug giant Novartis and a company controlled by a Russian oligarch had all made payments to Cohen’s shell company.

Daniels’ lawyer, Michael Avenatti, said AT&T had made four separate payments of $50,000 apiece to Cohen’s company, for a total of $200,000 in late 2017 and into early 2018.

That company, Essential Consultants, was created by Cohen in October 2016 and soon after was used to make a $130,000 hush-money payment to Daniels.

In a prepared statement to CNBC, AT&T said Cohen’s company “was one of several firms we engaged in early 2017 to provide insights into understanding the new administration.”

“They did no legal or lobbying work for us, and the contract ended in December 2017,” AT&T said.

The company did not say how much it had paid Cohen, who was the president’s personal lawyer at the time.

AT&T is in the midst of pursuing an $85 billion acquisition of Time Warner. The U.S. Justice Department has sued to block that deal.

In a report on Cohen’s company, Avenatti’s law firm said that Novartis in late 2017 and early 2018 made four separate payments to Essential Consultants totaling nearly $400,000.

“Following these payments, reports surfaced that Mr. Trump took a dinner with the incoming CEO of Novartis before Mr. Trump’s speech at the World Economic Forum in Davos, Switzerland in late January 2018,” Avenatti’s report said.

That CEO, Vas Narasimhan, was joined with a group of other companies’ executives at that dinner.

A Novartis spokesperson said in a statement that “any agreements with Essential Consultants were entered before our current CEO taking office in February of this year and have expired.”

The White House declined to comment on whether Trump knew about payments to Cohen from AT&T, Novartis or Columbus Nova, the company linked to the Russian oligarch, and instead referred questions to the president’s outside legal team.

Avenatti’s report says another company, Korea Aerospace Industries LTD, paid Essential Consultants $150,000 in November 2017.

Avenatti’s client Daniels, whose real name is Stephanie Clifford, was paid $130,000 by Essential Consultants on the eve of the 2016 presidential election.

Daniels says the money was in exchange for her signing a deal that required her to remain silent about an affair she claims to have had with Trump in 2006, shortly after the birth of his youngest son.

The White House has denied that Trump had sex with the adult film actress.

Cohen did not have an immediate comment on Avenatti’s new allegations about payments to Cohen’s company.

[CNBC]