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Use it for anything as long as you pay the money back. they don t care what you use it for. it s ditch when yfferent whe out the loan if they inquire what the purpose is. so an inquiry was made for the purpose, and i don t think he told them it s to pay a porn star a $130,000 payment so that it s hush money. and we don t believe her by the way. so that s one potential area of inquiry in connection with these raids. but it s possible the bank didn t ask. and maybe the line of credit, maybe it was before that. it s possible. second area of inquiry is, we know that he set up a single purpose llc, and that he then established one or more bank accounts for that llc. in connection with that, we would have had to tell the bank what that company was about, what his business purpose was, how much money was going to flow in and out of those accounts. the bank would have asked these ....
And we don t believe her by the way. so that s one potential area of inquiry in connection with these raids. but it s possible the bank didn t ask. and maybe the line of credit, maybe it was before that. it s possible. second area of inquiry is, we know that he set up a single purpose llc, and that he then established one or more bank accounts for that llc. in connection with that, we would have had to tell the bank what that company was about, what his business purpose was, how much money was going to flow in and out of those accounts. the bank would have asked these questions. again, i don t believe he was honest with the bank. that may also prove to be an area of liability. number three, we know that after the $130,000 payment to my client was wired out of one of those accounts that he set up for the llc, we know that at some point later the bank conducted an internal investigation into that payment. our understanding is that the bank inquired of michael cohen as to the purpose ....