https://thinkprogress.org/why-atts-payment-to-michael-cohen-is-a-bombshell-edaa3a6acf4e/
"On Tuesday, AT&T acknowledged that it paid $200,000 to Essential Consultants, a shell company set up by Donald Trump longtime attorney, Michael Cohen. The payments were first revealed in a document released by Michael Avenatti, the attorney for Stormy Daniels. In the weeks leading up to the 2016 election, Essential Consultants was also used to pay $130,000 in hush money to Daniels, who claims to have had an affair with Trump in 2006. Shortly after Avenatti released his document, AT&T confirmed the payments. Essential Consulting was one of several firms we engaged in early 2017 to provide insights into understanding the new administration. They did no legal or lobbying work for us, and the contract ended in December 2017 In addition, Avenatti’s document revealed that Essential Consultants received payments from Columbus Nova — a company linked to a Russian oligarch named Viktor Vekselberg — as well as Novartis, a large pharmaceutical company based in Switzerland. But AT&T’s payment is a stunning development that is likely to create a thicket of legal problems for Cohen and Trump himself. AT&T tries to justify the payments as a legitimate consulting expense, saying that the firm provided “insights.” But Essential Consultants is not a real company. It was set up on October 17, 2016. According to financial records, the company exists as a “real estate consulting company that collects fees for investment consulting work.” But Cohen immediately used it to make the hush money payment to Stormy Daniels. The funding for that payment, Cohen had claimed, came from a mortgage on his house. The shell company has no website, no known employees, and no public facing presence of any kind. It raises the question of how AT&T could have even possibly known about Essential Consultants. We know that the impetus for the creation of Essential Consultants was the Stormy Daniels payment."
