Tuesday, 22 May, 2018

President Trump admits he repaid attorney Michael Cohen in financial form

Trump repaid attorney Cohen for 2016 payment made on his behalf- ethics disclosure Ronan Farrow reveals to Rachel Maddow how he was able to obtain Michael Cohen's confidential financial records
Sammy Stanley | 16 May, 2018, 23:42

The form also reveals that the president repaid his lawyer Michael Cohen $100,000 for "third party" expenses - a payment widely believed to be reimbursement for a payment Mr Cohen made to adult film star Stormy Daniels in 2016. Apol's letter was released with the Trump disclosures.

The footnote appears in a report giving the first extended look at Trump's income from his properties since he became president.

The Mar-a-Lago resort, where the president frequently escapes for winter weekends, collected more than $25 million last year, down from $37 million from last year's report.

The disclosure, signed by Trump and released by the U.S. Office of Government Ethics, did not describe the goal or the recipient of the original 2016 payment to a "third party" made by Cohen, for which he was reimbursed by Trump. "The category of value would be $100,001 to $250,000 and the interest rate would be zero".

Rudy Giuliani, who recently became the Republican president's new personal attorney, has said Trump reimbursed Cohen for the original, $130,000 payment, which was made shortly before Trump's victory in the November 8, 2016 presidential election.

Trump had previously disputed whether he was aware of the payment by Cohen and whether he reimbursed his attorney. "Mr. Cohen sought reimbursement of those expenses and Mr. Trump fully reimbursed Mr. Cohen in 2017".

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The disclosure forms that he's required to submit to the ethics office provide a more limited view of his finances. The disclosure was not included in Trump's 2017 filing.

Apol's agency released Trump's 2018 disclosure on Wednesday.

Trump, his campaign and Cohen have all denied any wrongdoing.

Trump's attorney, former New York City Mayor Rudy Giuliani, earlier this month said that Trump reimbursed Cohen $130,000 for the payment to Clifford before Trump's 2016 election.

Ethics experts say that if that money isn't disclosed, Trump could be in violation of ethics laws for failing to disclose a reportable item, a violation for which others have been prosecuted.

President Trump listens during a meeting with Uzbek President Shavkat Mirziyoyev in the Oval Office Wednesday.

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