Read the full Trump indictment charging him with 34 felony counts

Former President Donald Trump is charged with 34 felony counts of falsifying business records in connection with a scheme that directed hush money payments to two women before the 2016 presidential election.

The 16-page indictment against Trump was unsealed Tuesday as he became the first former U.S. president ever to be arraigned on criminal charges.

“Not guilty,” Trump said from his seat to Judge Juan Merchan during the hearing in Manhattan Supreme Court.

The indictment says those payments were part of a broader scheme to suppress claims by the women, porn star Stormy Daniels and Playboy model Karen McDougal, that they had sex with Trump, in a bid to keep their stories from affecting Trump’s chances against Democrat Hillary Clinton in the 2016 election.

Follow CNBC.com’s live coverage of former President Donald Trump’s surrender and arraignment at the Manhattan criminal courthouse.

Prosecutors also said a Trump-friendly publishing company, American Media Inc., paid $30,000 to a former Trump Tower doorman who claimed to have a story about Trump fathering a child out of wedlock.

All three payments were part of an alleged “catch and kill” effort by Trump and others, among them then-AMI chief David Pecker, from August 2015 to December 2017 “to identify, purchase, and bury negative information about him and boost his electoral prospects,” prosecutors said.

Read the indictment against Trump

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