Cohen checked "No" on a form that asked if the entity, Resolution Consultants LLC, which was created by him as a Delaware entity, is "associated with political fundraising/Political Action Committee (PAC)."
Farro testified several times that his understanding was that Cohen was opening the account for "real estate."
Per the paperwork, Cohen described the entity's function to be "management consulting (including HR & marketing)."
Cohen was the only authorized signatory for the account.
Farro says that the bank "did all of our work to establish" Cohen's account, but it was never funded.
"A deposit was never made in the account so the account never went live," Farro says, confirming the account was not opened.