[Political Junkie Too]

Bet every check ever written to Cohen is listed as "legal expense". Cohen is no different than any other vendor...except he is a "service" and the income is for Cohen to declare.

What we learned from the Fani Willis / Nathan Wade case is that retainers to lawyers are put in an IOLTA account, essentially an escrow account where the client's money is held until the lawyer invoices the client for performed work. The lawyer is then permitted to transfer the invoiced amount from the IOLTA into their personal account as earned income.

We also learned from Nathan Wade that he routinely billed Fani Willis a monthly amount of $35,000 (his monthly cap), which was supported by a minimally detailed set of invoices.

The point is that the client, when writing the check for the retainer as "legal expenses," does not know at the time what those legal expenses will be; a retainer is for future work, not work previously performed.

-PJ

[mware]

Bryon Donalds, R Congressman Fla. ... Needs to be in Trumps Administration.

[Sacajaweau]

Depends when the retainer agreement was made and how it is worded. We need to see the actual agreement...of which there is none.

Bottom line...Cohen, more likely than not, expected one check for almost half a mil. Trump's protectors said that's not gonna happen. Take care of it.

Cohen said retainer...not Trump.

[Sacajaweau]

Isn’t it strange that both Wade and Cohen used the $35,000 amount?? Coincidence?? Or is there something that we don’t know. Kinda like the banks if you have a transaction over $10,000??

[Sacajaweau]

Cohen could have been on a retainer for years...and he probably was.