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CNBC: AT&T paid Trump lawyer Cohen up to $600K for 'actual work'

Published 05/09/2018, 03:48 PM
© Reuters.  CNBC: AT&T paid Trump lawyer Cohen up to $600K for 'actual work'
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  • Amplifying reports from earlier, Dow Jones says that AT&T (T -1%) paid President Trump's personal lawyer up to $600,000, much higher than previously reported.
  • The company said before that it paid $200,000 for "insights" into the administration but that it got no legal or lobbying work in return and that contract ended in December.
  • A source tells CNBC that Cohen actually got up to $600,000 from AT&T as part of a consulting contract to get insight on Trump's thinking, and that it was for "actual work done ... And it wasn't to pay for access to the president."
  • The news (and the accusations of pay-to-play) come in the context of AT&T's involvement in a landmark antitrust trial over its $85B deal to acquire Time Warner (NYSE:TWX).
  • Now read: AT&T: Benefit From The Irrationality


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