
Cohen says theft from Trump organization came after his annual bonus was cut
Michael Cohen's admitted theft from the Trump Organization came after his annual holiday bonus was slashed to $50,000 from the $150,000 he usually received, he testified on Monday.
Cohen said that Donald Trump owed technology firm Red Finch $50,000 for its work artificially boosting his standing in a CNBC online poll about famous businessmen.
Cohen said he'd paid the company's owner $20,000 in cash "to placate him for the time being" after Trump had gone months without paying the bill.
Cohen said he later sought reimbursement for the full amount at the same time he was seeking payment for the money he paid Stormy Daniels. He said he kept the difference instead of paying Red Finch as a way of making up for his reduced bonus.
"I was angered because of the reduction in the bonus and so I just felt like it was self-help," Cohen said.