Nearly 71 years old, he joined the company after graduating from college and worked for the president's father, Fred, as an accountant. The two discuss polling numbers and the impact of a supportive African-American pastor.
At one point during the Ivana discussion, Trump yells out, "Get me a Coke, please!". Earlier in the conversation Cohen suggested that he "open a company for the transfer of all of that info" to the National Enquirer and its parent company, American Media Inc.
By burying Ms. McDougal's story during the campaign in a practice known in the tabloid industry as "catch and kill", A.M.I. protected Mr. Trump from negative publicity that could have harmed his election chances, spending money to do so.
"And the significance of that is, if the client and the lawyer discuss the commission of a crime or discuss the commission of a fraud, there is no attorney-client privilege in that conversation, meaning the tape can be used by anybody".
But if Cohen provides evidence of this, it could seriously damage Trump.
But in the tape, candidate Trump expresses no surprise when the issue comes up and Mr Cohen talks about essentially reimbursing the company for what it paid Ms McDougal.
Imran Khan claims victory in Pakistan elections
The Election Commission of Pakistan (ECP) denied the claims, saying a new electronic results system suffered unexpected glitches. Khan acknowledged while speaking to VOA on the eve of the election that the economy is the biggest challenge facing Pakistan.
Weisselberg also served as treasurer of the president's troubled philanthropy, The Donald J. Trump Foundation, which the New York State Attorney General has sued for allegations involving "extensive and persistent violations of state and federal law".
Alan Futerfas, a lawyer for the Trump Organization, denied that the audio proved that Trump was offering to pay in cash.
A former Playboy model who says she had a 10-month relationship with Mr Trump starting in 2006.
Trump lawyer Rudy Giuliani has said the proposed payment was a personal matter and not subject to campaign finance law.
Giuliani has said that Cohen ultimately never made the payment that Cohen discussed with Trump.
Common Cause says the tape bolstered their argument that Trump knew about the payment and that it was potentially illegal.
Donald Trump says Russian Federation will ‘push hard’ for Democrats during November elections
Trump explained that, because of his tough stance on Putin, "they will be pushing very hard for the Democrats". The president wavers often on whether or not Russian Federation is trying to interfere with US politics.
Cohen made a similar payment of $130,000 to porn star and stripper Stormy Daniels, whose real name is Stephanie Clifford. When Cohen tells Trump, "We'll have to pay".
The audio is muffled but Trump can be heard saying something about "cash", and then something about paying by "cheque".
-Trump was going off about an NBC story before a VFW audience when he said, "Don't believe the crap you see from these people-the fake news".
"Everybody heard just now Donald trump say the word 'cash, '" Davis said. Why was the tape so abruptly terminated (cut) while I was presumably saying positive things? The tape, which was released by Cohen's legal team, was one of 12 seized by the Federal Bureau of Investigation when Cohen's office and home were raided earlier this year.
One question is why Cohen chose to make it public. Cohen's lawyer, Bill Clinton associate Lanny Davis, provided the tape to CNN on Cohen's behalf.
"Cohen says I have to pay him". If he winds up in investigators' crosshairs for secreting payoffs, he could potentially provide much more damaging information to prosecutors than Cohen ever could about the president's dealmaking.
Netanyahu praises Trump, Pompeo after Iran saber-rattling
Pompeo said senior Iranian leaders had benefited from embezzlement, sweetheart deals and other ill-gotten gains. The 2015 agreement was in response to fears that Iran was developing a nuclear bomb.
"That failure to be truthful to her and the involvement of Donald Trump and Michael Cohen in that decision is the fraud", he added.
