You guys are missing the tax fraud. Evidently they reported the reimbursement to Cohen as compensation on the tax returns, even though when you crunch the numbers they paid him an amount that after income taxes would net Cohen the amount he paid Daniel AND would give Trump a tac deduction for compensation. They even described the services Cohen supposedly provided as the basis for the compensation.
Lawyers all the time incur fees (court filing fees, postage, copies, etc) that they ultimately get reimbursed for. As long as Cohen reported the 420K as income, he could deduct the 180K in reimbursements. It's shady but from a tax perspective, Cohen would be OK if he did this...
The question is whether Trump could have deducted these payments. Typically, as a personal matter, I'd say no; however, an argument can be made that since he raw dogged Stormy on a business trip, that might lead to it bring deductible. I wouldn't quite go there but it's at least a defensible tax position especially given the brand impact. The IRS hasn't raised fraud and again, Trump,being the underperforming businessman, did not have income. I've never seen tax fraud brought by a 3rd tier jurisdiction (i.e. Feds and state passed) on an admittedly aggrssive (but gray) position that is less than 1% of his net operating loss. It's not like the Fed/State/City lost out since Cohen reported it as income...
I do expect the tax issues may be the workaround for the statute being open since I would assume his statute has been extended for Fed/State/NYC...
That is tax fraud, That is a felony. I don't completely follow this part but I read that this in turn also elevates all the misdemeanor charges to felonies since they are part of the same criminal activity. Any criminal law attorneys want to explain that?
The part I enjoy are all these right wing Christians who have been saying they don't believe Trump had sex with Stormy. Now they are saying it's not right to charge a man with paying to cover up his adultery.
Hypocrisy, it's what's for dinner.