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Thread: The Missing Files of Cohen

  1. #1
    Moderator HayJenn's Avatar
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    The Missing Files of Cohen

    The payments to Cohen that have emerged in the past week come primarily from a single document, a “suspicious-activity report” filed by First Republic Bank, where Cohen’s shell company, Essential Consultants, L.L.C., maintained an account. The document detailed sums in the hundreds of thousands of dollars paid to Cohen by the pharmaceutical company Novartis, the telecommunications giant A.T. & T., and an investment firm with ties to the Russian oligarch Viktor Vekselberg. The report also refers to two previous suspicious-activity reports, or sars, that the bank had filed, which documented even larger flows of questionable money into Cohen’s account. Those two reports detail more than three million dollars in additional transactions—triple the amount in the report released last week. Which individuals or corporations were involved remains a mystery. But, according to the official who leaked the report, these sars were absent from the database maintained by the Treasury Department’s Financial Crimes Enforcement Network, or fincen. The official, who has spent a career in law enforcement, told me, “I have never seen something pulled off the system. . . . That system is a safeguard for the bank. It’s a stockpile of information. When something’s not there that should be, I immediately became concerned.” The official added, “That’s why I came forward.”

    Seven former government officials and other experts familiar with the Treasury Department’s fincen database expressed varying levels of concern about the missing reports. Some speculated that fincen may have restricted access to the reports due to the sensitivity of their content, which they said would be nearly unprecedented. One called the possibility “explosive.” A record-retention policy on fincen’s Web site notes that false documents or those “deemed highly sensitive” and “requiring strict limitations on access” may be transferred out of its master file. Nevertheless, a former prosecutor who spent years working with the fincen database said that she knew of no mechanism for restricting access to sars. She speculated that fincen may have taken the extraordinary step of restricting access “because of the highly sensitive nature of a potential investigation. It may be that someone reached out to fincen to ask to limit disclosure of certain sars related to an investigation, whether it was the special counsel or the Southern District of New York.” (The special counsel, Robert Mueller, is investigating Russian interference in the 2016 Presidential election. The Southern District is investigating Cohen, and the F.B.I. raided his office and hotel room last month.)

    By January of this year, First Republic had filed the three suspicious-activity reports about Cohen’s account. The most recent report—the only one made public so far—examined Cohen’s transactions from September of 2017 to January of 2018, and included activity totalling almost a million dollars. It alludes to the two previous reports that the official could not find in the fincen database. The first report that the official was unable to locate, which covered almost seven months, appears to have listed a little over a million dollars in activity. The second report that the official was unable to locate, which investigated a three-month period between June and September of 2017, found suspect transfers totalling more than two million dollars.

    Cohen appears to have misled First Republic repeatedly regarding the purpose of the Essential Consultants account. In paperwork filed with the bank, he said that the company would be devoted to using “his experience in real estate to consult on commercial and residential” deals. Cohen told the bank that his transactions would be modest, and based within the United States. In fact, the compliance officers wrote, “a significant portion of the target account deposits continue to originate from entities that have no apparent connection to real estate or apparent need to engage Cohen as a real estate consultant.” Likewise, “a significant portion of the deposits continues to be derived from foreign entities.” David Murray, a former Treasury official focussed on illicit finance, told me, “There are a ton of red flags here. The pattern of activity has indicators that are inherently suspicious, and the volume and source of funds do not match the account profile that was built when the account was opened.”

    Full article at link..

    https://www.newyorker.com/news/news-...ancial-records

    So yeah, not looking good..at all..for Cohen. Not that I feel badly for him in any way....just another crook with connections to this administration.

    Bravo to the leaker because this looks really, really shady.

    And hot damn, Ronan Farrow is killing it lately in the major stories he is dropping...
    Thanks from Eve1, Wonderer and the watchman

  2. #2
    Veteran Member cpicturetaker12's Avatar
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    Suspicious Activity Reports filed on Cohen's $MILS DISAPPEARED from TREASURY database

    Remember, last week SAR'S were released by a whistleblower, Suspicious Activity Reports, triggered by banks to Treasury when 'suspicious money' transactions are made at financial institutions. COHEN had some $4.5(?) mil with another (3+ 1 more) as I remember under "Essential Assets", the DE LLC he opened up and paid Stormy out of! Something triggered these from the bank to be sent to Treasury. THEY WERE IN THE DATABASE. When this official went to find them, the database had been scrubbed of 2 of them. HE RELEASED THE REMAINDERS BEFORE THEY MIGHT DISAPPEAR!!

    Seven former government officials and other experts familiar with the
    Treasury Department’s
    fincen database expressed varying levels of concern
    about the missing reports. Some speculated that
    fincen may have restricted
    access to the reports due to the sensitivity of their content, which they said would
    be nearly unprecedented. One called the possibility “explosive.”


    Missing Files Motivated the Leak of Michael Cohen’s Financial Records

    A law-enforcement official released the documents after finding that additional
    suspicious transactions did not appear in a government database.

    By Ronan Farrow
    6:17 P.M.




    Photograph by John Taggart / MediaPunch / Alamy
    Transactions involving Michael Cohen, President Trump’s personal lawyer, were the subject of multiple unreleased suspicious-activity reports.

    Last week, several news outlets obtained financial records showing that Michael Cohen, President Trump’s personal attorney, had used a shell company to receive payments from various firms with business before the Trump Administration. In the days since, there has been much speculation about who leaked the confidential documents, and the Treasury Department’s inspector general has launched a probe to find the source. That source, a law-enforcement official, is speaking publicly for the first time, to The New Yorker, to explain the motivation: the official had grown alarmed after being unable to find two important reports on Cohen’s financial activity in a government database. The official, worried that the information was being withheld from law enforcement, released the remaining documents.

    The payments to Cohen that have emerged in the past week come primarily from a single document, a “suspicious-activity report” filed by First Republic Bank, where Cohen’s shell company, Essential Consultants, L.L.C., maintained an account. The document detailed sums in the hundreds of thousands of dollars paid to Cohen by the pharmaceutical company Novartis, the telecommunications giant A.T. & T., and an investment firm with ties to the Russian oligarch Viktor Vekselberg.

    The report also refers to two previous suspicious-activity reports, or sars, that the bank had filed, which documented even larger flows of questionable money into Cohen’s account. Those two reports detail more than three million dollars in additional transactions—triple the amount in the report released last week....

    https://www.newyorker.com/news/news-desk/missing-files-motivated-the-leak-of-michael-cohens-financial-records

    Last edited by cpicturetaker12; 16th May 2018 at 05:11 PM.
    Thanks from Friday13

  3. #3
    "Mr. Original". the watchman's Avatar
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    he's about to be on Rachel , Ronan Farrow.
    Last edited by the watchman; 16th May 2018 at 05:12 PM.

  4. #4
    Veteran Member cpicturetaker12's Avatar
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    Quote Originally Posted by the watchman View Post
    he'a about to be on Rachel , Ronan Farrow.
    Thanks, I was in the TV-less room!

  5. #5
    "Mr. Original". the watchman's Avatar
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    Quote Originally Posted by cpicturetaker12 View Post
    Thanks, I was in the TV-less room!
    mine is the patio. I get sent out when ever I start screaming at the tele.
    Thanks from Friday13 and cpicturetaker12

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    Franken-Stein DemoKKKrats excalibur's Avatar
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    Sounds illegal to me; releasing this stuff.

  7. #7
    Veteran Member cpicturetaker12's Avatar
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    Quote Originally Posted by the watchman View Post
    mine is the patio. I get sent out when ever I start screaming at the tele.
    Lolol!! Even the dog is afraid to come out on the patio?

    I will share this. I watched her first segment after you told me she was on, jumped in the car during her break--I have Sirius radio, listened to the Ronan piece, jumped out of the car to get a gal. of milk when he finished, walked inside the mini-mart shaking my head, possibly muttering. I don't look scary but the clerk did look up at me for an extended second or 2.
    Last edited by cpicturetaker12; 16th May 2018 at 06:10 PM.

  8. #8
    Franken-Stein DemoKKKrats excalibur's Avatar
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  9. #9
    Veteran Member cpicturetaker12's Avatar
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    Quote Originally Posted by excalibur View Post
    Sounds illegal to me; releasing this stuff.
    Yeah, THAT's the 'sin' in this story.

  10. #10
    Veteran Member cpicturetaker12's Avatar
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    Quote Originally Posted by excalibur View Post
    Let's assumes for grins, all of this is outside of 'norms' and RULES.

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