• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

2

One of MacKenzie Scott's latest donations takes her HBCU giving to well over $1 billion

3

'Critical employees will begin to retire': Trump’s new pay plan will deny most federal roles a raise, and it has workers warning of a retention crunch

1

As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

2

One of MacKenzie Scott's latest donations takes her HBCU giving to well over $1 billion

3

'Critical employees will begin to retire': Trump’s new pay plan will deny most federal roles a raise, and it has workers warning of a retention crunch
LeadershipDonald Trump

Trump Knew About Hush Payments to Silence Alleged Affairs Before the 2016 Election, WSJ Says

By
Renae Reints
Renae Reints
Down Arrow Button Icon
By
Renae Reints
Renae Reints
Down Arrow Button Icon
November 9, 2018, 4:42 PM ET
Google source logo
Add Fortune on Google for similar content.

President Donald Trump was involved in or briefed on nearly every step of the pay-offs to silence Stormy Daniels and Karen McDougal, two women with whom he allegedly had affairs, the Wall Street Journal reported Friday.

Citing “interviews with three dozen people who have direct knowledge of the events or who have been briefed on them, as well as court papers, corporate records, and other documents,” the WSJ‘s evidence runs contrary to Trump’s insistence of innocence, or at least partial innocence. Trump has continuously denied the affairs, but admitted to reimbursing his personal lawyer, Michael Cohen, for the $130,000 hush payment to Daniels.

The revelations shed further light on whether or not Trump violated campaign finance laws before the 2016 presidential election.

According to the WSJ, Trump and Cohen worked closely with David Pecker, chief executive of American Media Inc., and Dylan Howard, American Media’s New York-based chief content officer, to purchase the exclusive rights to McDougal’s story, in which she claimed to have had an ongoing affair with Trump.

American Media bought McDougal’s story for $150,000 in August 2016. The deal also included two magazine covers for which she would model, and the option of publishing health and fitness columns under her name. These two additions to the story ensured Pecker that American Media’s payment would be considered a business transaction, not an illegal campaign contribution, the Journal reports.

Trump initially planned to repay American Media for the McDougal story, says the WSJ, but Pecker ordered Cohen to dispose of the repayment contract when his lawyer advised him it would undermine his statement that the purchase was solely a business transaction. Cohen kept a copy, however, which federal agents found earlier this year.

When Daniels, whose real name is Stephanie Clifford, began to come forward with her story, Cohen asked American Media to again purchase exclusive rights. Pecker reportedly refused because he was unwilling to pay a porn star, forcing Cohen and Trump to handle the payment themselves.

According to the WSJ, Cohen searched for a way to make the $130,000 payment that could not be traced to Trump, but as Daniels threatened to go public, he was forced to make the payment with personal funds. Trump reimbursed Cohen (with an additional bonus) via monthly installments disguised as legal fees.

Trump’s relationship with Pecker and Howard reportedly continued up until the story of Daniel’s payment became public. American Media turned on Cohen, and Cohen eventually turned on Trump, leading to the Manhattan federal prosecutor’s investigation of potential campaign finance law violations by Trump Organization.

About the Author
By Renae Reints
See full bioRight Arrow Button Icon
Google source logo
Add Fortune on Google for similar content.

Latest in Leadership


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Leadership


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.