Trump lists Cohen reimbursement of up to $250K

17 May, 2018, 05:05 | Author: Carlos George
  • Trump reimbursed Michael Cohen for Stormy Daniels hush money payment, new documents reveal

Weeks earlier, Mr. Trump had said he was unaware Cohen paid adult film star Stormy Daniels $130,000 shortly before the election.

Shaub noted that despite claims from Trump and his attorney Rudy Giuliani that the president did not know about the debt, "on the form itself President Trump acknowledged that Cohen had been asking him for reimbursement and he did make the reimbursement".

"This is a big deal and unprecedented".

The office indicated in the documents that it believed the president should have publicly listed the payment to Cohen in the form he filed last year-not this one.

Now, Trump's latest financial disclosure has revealed a second way in which the payment might have broken a law.

The ethics disclosure draws a clearer connection between Trump and Cohen and further underlines inconsistencies in descriptions provided by Trump and aides about the payments. Cohen's payment, and the nondisclosure agreement that went along with it, has created a cyclone of chaos and controversy for the president's attorney and the White House.

The disclosure also provides a glimpse at the financial state of the president's businesses whose daily operations are now being handled by his family.

Daniels' lawyer Michael Avenatti tweeted, "Mr. Trump's disclosure today conclusively proves that the American people were deceived".

The report prompted David J. Apol, the acting director of the Office of Government Ethics, to write in a letter to Deputy Attorney General Rod J. Rosenstein that "the payment made by Mr. Cohen is required to be reported as a liability".

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Under the Ethics in Government Act, Trump is required to disclose all liabilities that exceeded $10,000 at any time during calendar year 2017, even if he repaid them later that year.

"Mr Trump fully reimbursed Mr. Cohen", the report said.

Citizens for Responsibility and Ethics in Washington has contended that Trump should have reported the reimbursement previous year.

The president's filing says he disclosed this payment in the interest of transparency.

First Lady Melania Trump made money, too - a former model, she earned royalties from Getty Images between $100,000 and $1 million for its use of photos of her.

Michael Cohen, Trump's personal lawyer, is under criminal investigation for his business dealings.

And Trump's Mar-a-Lago resort in Florida, which the president frequents in the winter months, saw revenues of $25.1 million.

Trump spends time and vacations at both clubs. In trying to talk his way out of a campaign finance violation, Trump has inadvertently admitted to filing a false financial disclosure in 2017.

U.S President Donald Trump looks on during a meeting with South Korean President Moon Jae-in in the Oval Office, on June 30, 2017.

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