South Korea's KAI says paid firm of Trump's lawyer $150,000 for accounting advice

[workinclasszero]

South Korea's KAI says paid firm of Trump's lawyer $150,000 for accounting advice
Reuters Staff MAY 9, 2018 / 4:05 AM / UPDATED 3 HOURS AGO

SEOUL (Reuters) - South Korea’s Korea Aerospace Industries Ltd (KAI) said on Wednesday it paid $150,000 for consulting services on accounting matters to a firm set up by U.S. President Donald Trump’s private lawyer Michael Cohen.

The arrangement came as the company, backed by state-owned Export-Import Bank of Korea, competes to sell trainer jets to the U.S. Air Force in an auction that could be worth up to $16 billion.

Payments by KAI and other companies including Novartis AG to Essential Consultants, a company that also paid porn star Stormy Daniels $130,000 in October 2016 just before the U.S. presidential election, were described on Tuesday by her lawyer Michael Avenatti.

https://www.reuters.com/article/us-usa-trump-daniels-korea-aerospace/south-koreas-kai-says-paid-firm-of-trumps-lawyer-150000-for-accounting-advice-idUSKBN1IA135?il=0

[HopeAgain]

1. Yea, I go to my lawyer for accounting advice

and to my accountants for legal advice. The best advice I get, though, is relationship advice from my dentist.

[salin]

2. Yes his "firm" (of one) is known for it's extensive accounting experiences and services.

Mostly in the subfield of money laundering that uses Trump real estate as the vehicle.

[workinclasszero]

4. I think fixer is the more correct term for Cohen or bagman

Firm is just laughable.

[salin]

8. Agreed. I was just matching in facetiousness

the ridiculous claim that he was paid for accounting services. lol.

[workinclasszero]

9. Right that is an lol

[MineralMan]

3. No doubt. Here's how that went:

KAI: Could you advise us how to funnel a couple of million dollars to Donald Trump undetectably?

Cohen: Sure. I'll give you a list of bank accounts for LLCs I have. You break that money down into smaller increments, say $150,000 and deposit in those accounts. Call them consulting fees. After a few months, I'll shuffle them around and get the money to Trump under a different category. It's just an accounting issue.

KAI: And what will your fee be?

Cohen: Let's just say $150,000. I'll take care of handling that, too. I'll just take it out of your couple of million. Sound OK?

KAI: This will be kept quiet, right?

Cohen: Oh, yes. Nobody's watching all of those LLCs. They only handle smaller amounts of money, so they're under the radar.

KAI: We'll wire those deposits on Monday.

Cohen: Great!

[Stallion]

6. Cohen obviously is an Expert Consultant in Telecommunications, Accounting and Drug Manufacturing

he just sucks at being a lawyer--a real Renaissance man

[beachbum bob]

5. Need to find where the money went once Cohen got it

Follow the trail..

[C_U_L8R]

7. Here's the accounting advice they likely sought...

...which offshore accounts to deposit the rest of their payola.

This whole Trump racket is so full of graft and lies... Unbelievable.

[Gothmog]

10. Really?

[sunonmars]

11. You tug at a loose thread on a jumper and the whole damn thing falls apart.......

Christ knows what is going to come out here, this must be Trumps worst fear, his whole "way of doing business" laid bare.