The Treasury Department Inspector General has opened a federal probe into how Stormy Daniels’ lawyer Michael Avenatti got hold of Michael Cohen’s bank intel.
Michael Avenatti on Tuesday detailed Michael Cohen’s banking history, Avenatti alleged Cohen received a $500,000 payment from a company that’s controlled by a Russian oligarch following the 2016 U.S election.
Michael Avenatti leaks Cohen’s banking records
According to Avenatti, The payment was deposited in a company account of Cohen’s called ‘Essential Consultants’ that was used to pay $130,000 to pornstar Stormy Daniels as part of her non-disclosure agreement before the 2016 election.
Michael Avenatti also leaked AT&T, Novartis and Korea Aerospace industries paid Michael Cohen. The three companies confirmed the payments and are now under investigation by special counsel Robert Mueller.
Under federal law, banks are required to flag any unusual transactions of over $10,000. This is to point the Treasury’s Financial Crimes Enforcement Network toward potential illegal activity which could include money laundering or any bank fraud.
Although ‘experts’ have told the New York Post that Michael Avenatti‘s information may have come from a report filed by Michael Cohen’s bank, the Treasury Department still has concerns.
Treasury Department launches Probe in Michael Avenatti’s sources
Rich Delmar, who’s The Inspector general’s counsel told The Hill that the Treasury Department is now looking into allegations that federally mandated reports filed about Michael Cohen’s banking transactions were “improperly disseminated.”
The news of the Treasury Department investigation was first reported by the Washington Post which kickstarted the inquiry. Rich Delmar said in response to media reports regarding Cohen’s details, the office is “inquiring into allegations” that Suspicious Activity Reports about Cohen’s banking transactions have been “improperly disseminated”
Avenatti has declined to reveal the source of his information.
“The source or sources of our information is our work product, and nobody’s business,” Avenatti said. “They can investigate all they want, but what they should be doing is releasing to the American public the three Suspicious Activity Reports filed on Michael Cohen’s account. Why are they hiding this information?”