Federal and state marketing campaign legal guidelines require funds made in reference to elections to be reported, and if they’re made by third events coordinating with the candidate, reminiscent of Mr. Trump’s former fixer Michael D. Cohen, they’re topic to sure limits. Mr. Cohen paid $130,000, nicely past the authorized federal restrict, within the days earlier than the 2016 presidential election to maintain Ms. Daniels quiet about her story of a sexual encounter with Mr. Trump.

The exact nature of the fees in opposition to Mr….

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