NY v Trump: Michael Cohen admits to stealing tens of thousands from former president's business

Michael Cohen, a lawyer who previously worked for former President Trump, admitted Monday in the NY v. Trump case that he stole thousands from The Trump Organization.

Donald Trump's former lawyer, Michael Cohen, returned to the witness stand in the NY v. Trump trial. (Getty Images)

Cohen previously testified that the repayment was "grossed up" to prevent him from taking a tax hit, and also included reimbursement for paying tech company Red Finch an alleged $50,000. 

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Cohen testified Monday that he went to TD Bank and withdrew cash over a couple of days to pay Red Finch for its services, which he stored in a brown paper bag. The cash ultimately totaled about $20,000, which he gave to Red Finch's CEO, according to Cohen, but he said he never gave the company the total $50,000. 

Trump speaks to the media on May 13. (Seth Wenig/Pool/AFP via Getty Images)

"Have you paid back the Trump Organization for the money you stole from them?" Blanche also asked Monday.

"No, sir," Cohen responded.

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Cohen's testimony marks the fourth day he has taken the stand. Trump's legal team last week said they anticipated wrapping up cross-examination with Cohen on Monday. Closing arguments for the case are anticipated next Tuesday, following the Memorial Day holiday. 

Michael Cohen on the stand during former President Trump's criminal trial  in Manhattan state court, May 14, 2024, in this courtroom sketch. (Reuters/Jane Rosenberg )

Cohen's testimony last week included him describing that he used his personal funds to pay Daniels in 2016 through a home equity line of credit. Cohen testified he did this because Trump told him to "handle it" because the story could be damaging to the campaign. 

Trump has pleaded not guilty in the case, and has also repeatedly denied ever having an affair with Stormy Daniels. 

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Last week, ​​a lawyer who formerly advised Cohen, Robert Costello, testified before Congress that Cohen is a serial liar. Costello testified before Manhattan District Attorney Alvin Bragg's grand jury in March, before Trump was indicted, and recalled interactions with Cohen. 

Fox News Digital's Brandon Gillespie contributed to this report. 

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