The ongoing trial has taken a significant turn as the jury has been presented with a crucial piece of evidence - a wire transfer from Michael Cohen's Essential Consultants account to Keith Davidson's account. The document accompanying the wire transfer indicates that the purpose of the transaction was a 'retainer.' However, Cohen has refuted this claim, stating that it is not accurate.
Wire transfers are electronic transactions that involve the movement of funds from one account to another. They are commonly used for various purposes, including payments for services rendered, retainer fees, or other financial transactions.