The audio is muffled but Trump can be heard saying to "pay with cash", and Cohen says, "no, no".
CNN has obtained the infamous recording secretly made by Donald Trump's then-lawyer Michael Cohen in which the future POTUS seems to acknowledge a long-denied affair with a former Playboy centerfold. Trump's lawyers say the payments were never made.
Cohen told Trump about his plans to set up a company and finance the purchase of the rights from American Media, which publishes the National Enquirer.
An audio recording released on CNN's Cuomo Prime Time on Tuesday night is a bombshell.
Rudy Giuliani tells The Associated Press that Trump did not want to pay cash and "suggesting otherwise is ridiculous".
The audio recording isn't clear, so it's hard to tell if the president is asking Cohen to pay in cash or not pay in cash. Mr. Trump initially says "what financing?"
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Petrillo did not immediately respond to a request for comment. However, the new audio recording makes that claim suspicious. A person familiar with discussions among Cohen's legal team said his other attorney, Guy Petrillo, a former chief of the criminal division at the US Attorney's Office for the Southern District of NY who is known for a by-the-book approach, was also on board with the decision to make the material public. "Cohen has been insulted and called all sorts of things by people around Donald Trump", Davis said.
The recording offers the public a glimpse at the confidential discussions between Trump and Cohen, and it confirms the man who now occupies the Oval Office had contemporaneous knowledge of a proposal to buy the rights to the story of Karen McDougal, a woman who has alleged she had an extramarital affair with Trump about a decade ago.
As part of the criminal investigation being conducted by federal investigators in the Southern District of New York, Cohen is being probed for potential bank fraud and potentially violating election law by trying to suppress damning information about then-candidate.
"I need to open up a company for the transfer of all of that info regarding our friend, David, you know, so that - I'm going to do that right away", Mr Cohen says.
The decision by Cohen and his attorneys to make public a potential piece of evidence in federal prosecutors' investigation may have exasperated the government and potentially complicated Cohen's ability to obtain a cooperation deal, say people familiar with the USA attorney's office.