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Michael Cohen is living the American dream -- to become a lawyer and the owner of a cab company, a money laundry and The Swamp.

Cohen formed a shadow company called Essential Consultants to which AT&T paid $50K per month. Did Ma Bell get her money's worth? The shadow knows.

Essential Consultants was originally set up for the purpose of delivering hush money to porn star Stormy Daniels -- an election year essential, hence the name.

Poor old Ma Bell was exasperated saying, "if I knew that my money was going to that hussy, i never would have voted for Donald Trump."