New: A daily newsletter defining what matters in business and markets

Stories

Report: Former Trump associates considered giving Putin penthouse in Moscow Trump Tower

Vladimir Putin smiles and gestures.
Photo: Mikhail Tereshchenko/TASS via Getty Images

Former Trump associates Felix Sater and Michael Cohen considered giving Russian President Vladimir Putin a $50 million penthouse at the top of the planned Trump Tower they discussed building in Moscow, BuzzFeed News’ Jason Leopold and Anthony Cormier report.

Why it matters: Cohen entered a guilty plea Thursday morning over lying to Congress about his conversations with Russians over the Moscow tower deal, which he says he did to protect Trump's campaign.

The details: Top U.S. law enforcement officials told BuzzFeed News that Cohen discussed the deal with Putin's press team.

  • It's not clear if Trump knew of the discussions about awarding Putin the penthouse.

The big picture: Trump’s associates were negotiating the real estate deal as he was running for president in the U.S., and the penthouse would have been a steal at a significantly slashed price compared to other potential buyers.

More stories loading.