According to the Wall Street Journal, which broke the story, and The New York Times, the $1.6 million payment to the woman was brokered by attorney Michael Cohen - President Donald Trump's personal lawyer whose offices were raided by the Federal Bureau of Investigation on Monday.
The FBI raided Cohen's office earlier this week, reportedly seeking documents related to payoffs he had orchestrated to women who claimed to have had affairs with Trump.
Broidy agreed to pay the $1.6 million over two years, and completed the first instalment in December, the person said.
'I acknowledge I had a consensual relationship with a Playboy Playmate, ' Mr. Broidy said in a statement to the paper.
"At the end of our relationship, this woman shared with me that she was pregnant", he said. "She alone decided that she did not want to continue with the pregnancy and I offered to help her financially during this hard period", Brody wrote. It also prevents her from pursuing "what she said were potential legal claims against Mr. Broidy, according to the person familiar with the matter".
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Cohen's team, he said, was "delaying a government investigation because they can't come up with the facts to justify their case". Avenatti said he believes some of the seized documents relate to Clifford , who performs under the name Stormy Daniels .
Cohen and Broidy worked together at the RNC, after both being appointed in April 2017 by Trump. The woman had said she was pregnant and he was the father.
Keith Davidson, the lawyer who represented Daniels at the time, also represented the Playboy model with whom Broidy had an affair.
Broidy said Cohen contacted him after being contacted by the woman's attorney, Keith Davidson.Broidy said he retained Cohen because Cohen had a prior relationship with Davidson.
Trump has denied the women's allegations.
'It is unfortunate that this personal matter between two consenting adults is the subject of national discussion just because of Michael Cohen's involvement, ' Broidy complained in his statement to the paper. Davidson did not immediately respond to request for comment.
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The contract reads that whether or not she is "indeed pregnant as she alleges" she has all her legal rights to seek "the paternity of the alleged child", and any support, financial help, or otherwise.
A top fundraiser for President Donald Trump resigned from the Republican National Committee on Friday after it was revealed that he paid $1.6 million to a Playboy Playmate with whom he had an extramarital affair.
Cohen admits to paying Daniels, whose real name is Stephanie Clifford, $130,000 in 2016 to stay quiet about an affair she claims she had with President Trump in 2006.
They both now serve as deputy national finance chairmen for the Republican National Committee.
The settlement prohibited the unidentified Playboy model from disclosing her relationship with Broidy. The deal provided for multiple payments across many months.
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Broidy, an investor, already was in the sights of the special prosecutor, Robert Mueller, because of his relationship with George Nader, a businessman who serves as an adviser to the de facto ruler of the United Arab Emirates, Crown Prince Mohammed bin Zayed al-Nahya.