Cohen arrives for secret testimony to House Intel Committee

Michael Cohen Live Stream: Watch Ex-Trump Lawyer's House Testimony

He said Wednesday's testimony by his former lawyer before a House of Representatives committee that Mr Trump was a racist and conman was "incorrect".

Trump has denied having sex with Daniels and said the payments to her and another woman who claimed an affair were not illegal.

"Mr. Trump is a racist", Cohen stated.

Trump's longtime fixer directed most of his fire at his old boss. He said, no collusion with the Russian hoax.

But Cohen's five hours of testimony, at times angry and at others emotional, produced no fresh evidence that Trump or his campaign colluded with Russian Federation during the race, or evidence of financial crimes by the president and his Trump Organization - subjects at the center of multiple federal and congressional investigations.

Donald Trump's longtime lawyer Michael Cohen turned on his former boss in a dramatic congressional appearance Wednesday, calling the United States president a conman and inveterate liar who engaged in possibly illegal conduct while in office.

The following year, Trump hired Cohen as his counsel.

He told reporters: "I tried to watch as much as I could, I wasn't able to watch too much because I've been a little but busy".

"Ask Miss Patton how many people who are black executives at the Trump Organization".

Cohen has pleaded guilty to nine felonies, including tax evasion and campaign finance violations.

Oversight Committee Chairman Elijah Cummings, D-Md., opened the hearing with a no-nonsense lecture to Cohen and later said he would "nail him to the cross" for lying to the committee.

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The Republicans on the committee mounted no objections to the substance of Cohen's testimony.

The panel has been probing Russian election meddling and any collusion with the Trump campaign.

On Wednesday, he said Weisselberg decided that reimbursement payments to Cohen should be spread over 12 months so they would look like a retainer agreement, rather than a one-time payment. He said Trump inflated his net worth to try to secure loans and to boost his status.

There is potentially another Trump Organization associate, described as executive no. 2, who was forwarded the Cohen invoice, according to prosecutors who handled the Cohen case in NY. "They saw the swamp in action.I think they're frustrated watching the Democratic Party pull up a witness like Michael Cohen who is untrustworthy by definition". Others have cast doubt on that, suggesting it was a different executive at the company.

Cohen said he had briefed Ivanka Trump and Trump Jr. approximately 10 times about the business deal.

The 52-year-old was convicted last year by NY federal prosecutors of campaign finance violations and tax evasion and by special counsel Robert Mueller of lying to Congress about Trump Organization plans in Moscow. His prison sentence is set to begin in May. "This is so bad for our country", Trump said.

Cohen again raised eyebrows when he was asked whether the President compelled him to lie. That would make his business seem less risky and lead to lower premiums - and, if true, could constitute insurance fraud.

Cohen told the committee: "Mr Trump directed me to find a straw bidder to purchase a portrait of him that was being auctioned at an Art Hamptons Event".

Being around Mr. Trump was intoxicating. He said that before his testimony, his prepared comments were shared among lawyers who were part of a joint defense agreement, including Sekulow.

He has since acknowledged negotiations actually continued until June 2016 in the midst of the election campaign, though the real estate project ultimately did not go ahead. Democrats wanted to convince the public that Cohen's testimony was a legitimate and necessary use of their new oversight power, with more to come. Cohen testified that Manhattan federal prosecutors, for example, are probing other alleged crimes, with his help. "That's - that's the message".

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