Corporate records and sources close to the alleged relationship between adult film actress Stormy Daniels and Donald Trump show that the president's lawyer created an LLC in Delaware to pay the actress for her silence.
As the Wall Street Journal reported, Trump's attorney Michael Cohen created Essential Consultants, LLC. on October 17, 2016, and "then used a bank account linked to the entity to send the payment to the client-trust account of a lawyer representing" Daniels, whose given name is Stephanie Clifford.
To "further mask the identities of the people involved in the agreement," the payment from Essential Consultants to a "Peggy Peterson," who the Journal's sources say is Clifford/Daniels.
Delaware, the report noted, is known for housing limited liability companies because the state "doesn’t require companies to publicly disclose the names of their managers." That October 2016 alone, "Delaware officials recorded 10,574 new limited liability companies."