The letter shows that Cohen changes his story when convenient, thus negating his value as a witness.
Stephen Ryan’s choice of words is interesting: “neither the Trump Organization nor the Trump campaign was a party to the transaction ... and neither reimbursed Mr. Cohen for the payment, directly or indirectly.” Since we know that Cohen was reimbursed, plus given a bonus and extra for taxes, this begs the question, BY WHOM? Does anyone know if ALL the installments were paid by Trump from his personal funds?
Cohen just padded his regular attorney fee invoices to recoup the loss. He bill is as legal services.