Cohen Arranged Payment for RNC Bigwig After Affair

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The money was to be paid to her over two years in quarterly settlements, with the first payment due on December 1, sources told WSJ.

"She alone decided that she did not want to continue with the pregnancy and I offered to help her financially during this hard period. She alone decided that she did not want to continue with the pregnancy and I offered to help her financially during this hard period". Cohen says he paid her out of his own funds. There is no indication Cohen plans to leave his post with the committee.

"I acknowledge I had a consensual relationship with a Playboy Playmate, " he said. "I haven't had a chance to do my due diligence".

The FBI raided Cohen's office, hotel room and home earlier this week.

Cohen's work on the Broidy settlement came after he negotiated a deal in October 2016, agreeing to pay $130,000 to adult-film star Stormy Daniels, who alleged that she had a sexual encounter with Trump a decade earlier.

White House press secretary Sarah Huckabee Sanders deflected questions about Cohen and the Broidy payout Friday, saying she was "not sure" if Cohen was still Trump's personal attorney and trying to turn the focus back to critiques of special counsel Robert Mueller's probe into Russian interference in the 2016 presidential election. Additionally, the legal papers used the same pseudonyms that referred to Trump and Daniels in their agreement, "David Dennison" for the man and "Peggy Peterson" for the woman.

Broidy apologized to his family in his statement: "It is unfortunate that this personal matter between two consenting adults is the subject of national discussion just because of Michael Cohen's involvement. The deal provided for multiple payments across many months".

Broidy, who initially backed Sen.

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The company was ultimately fined $1.7 billion for Medicare fraud - the largest fine of its kind at the time . He also changed his hard-line positions on immigration.

They both now serve as deputy national finance chairmen for the Republican National Committee. Previous year he gave more than $160,000 to the RNC, according to the Journal.

Broidy pleaded guilty in 2009 in NY as part of a "pay-to-play" scheme involving the state pension fund.

Friday's report is the latest in a string of damaging stories about Broidy, who has faced reports alleging he peddled influence with President Donald Trump and top administration officials to win lucrative contracts in countries including Angola, Romania, and the United Arab Emirates, for his defense firm, Circinus.

Broidy has blamed the government of Qatar and lobbyists working for Qatar for the hacking and leaking of his emails, but a federal judge in California wrote last week that he was unsure if Broidy could successfully sue the Middle East nation. The woman accusing Broidy has refused to show proof of pregnancy, according to the source, who has reviewed the contract. It was not clear if Broidy met with the president during that trip.

Cohen handled the settlement to the woman for Elliot Broidy, a venture-capitalist who serves as a deputy finance chairman for the RNC, the Wall Street Journal reported Friday.

"Mr. Cohen reached out to me after being contacted by this woman's attorney, Keith Davidson, " Broidy said in his statement.

CNN has reached out to Cohen for comment.

The agreement says the model accuses Broidy of being the father, the source said.

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