During a recent testimony, Michael Cohen revealed details about renegotiating payments for vendors associated with Trump University. The situation arose when Trump University faced financial difficulties, leading to approximately 50 vendors not receiving their due payments.
Cohen took the initiative to address this issue by offering the vendors 20% of their outstanding invoices. Remarkably, all but two vendors agreed to this revised payment arrangement. Once the vendors accepted the offer, Cohen ensured that they were promptly paid within 48 hours.