Michael Cohen Reportedly Gained Access to $774,000 During 2016 Campaign

A new report is providing some insight into Trump lawyer Michael Cohen‘s financial situation during the 2016 election.

According to The Wall Street Journal, Cohen “gained access” to a total of $774,000 through two separate financial transactions during 2016:

In February 2016, as Mr. Trump’s fortunes as a presidential candidate rose, Mr. Cohen nearly doubled the amount he could use on a bank credit line tied to his Manhattan apartment, increasing his ability to borrow by $245,000, according to real-estate records.

Three months earlier, he gained potential access to another $529,000, through a new mortgage that he and his wife cosigned on a condominium owned by her parents at Trump World Tower, a Trump building in New York, separate real-estate records show.

As the Journal pointed out, these transactions could play a factor into the ongoing investigation into Cohen by federal prosecutors, who are apparently looking at potential “unreported campaign contributions” and “whether Mr. Cohen committed bank fraud by making false statements inflating the value of his assets to obtain loans or by misstating the intended purpose of the loans.”

Cohen’s now-infamous payment to Stormy Daniels has been thrust back into the news thanks to Rudy Giuliani‘s series of statements this week contradicting previous claims (including his own) concerning that payment.

[photo via Getty Images]

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Follow Josh Feldman on Twitter: @feldmaniac

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