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Trump lists Cohen reimbursement of up to $250K

17 May, 2018, 05:07 | Author: Lucille Rivera
  • Michael Cohen

Michael Cohen, personal lawyer for President Donald Trump, reportedly paid porn star Stormy Daniels $130,000 to cover up an affair she had with the president.

How Trump dealt with the Daniels hush money in his disclosure has been closely watched, particularly after Giuliani gave interviews earlier this month saying the president had reimbursed Cohen in a series of payments after the campaign was over.

Daniels, whose real name is Stephanie Clifford, claims she had a tryst with Trump in 2006 while he was married.

The financial report said that while Trump was not required to list the payment as a "reportable liability", he did so "in the interest of transparency".

"It is good ... the president came clean about this liability on this year's form, but we now have to wonder how many other liabilities for similar payments he has that he still has not disclosed", CREW Executive Director Noah Bookbinder said in a statement.

The Office of Government Ethics has also concluded that the payment to Cohen "meets the disclosure requirement for a reportable liability". More recently, former USA attorney and New York City Mayor Rudy Giuliani, now working as a member of Trump's legal team, stated that Trump had, in fact, reimbursed Cohen for the payment to Clifford, among a number of legal services. If DOJ investigates and determines that president Trump knew of his debt to Cohen when he filed last year's report, there will be reason to suspect that his omission of the debt from last year's report was 'knowing and willful, ' which would be a crime.

Michael Avenatti
A law enforcement official came forward as the person who leaked Michael Cohen's financial information last week

The exact figure specified in the financial disclosure is said to be between $100,000 and $250,000.

Trump's hotel in the U.S. capital, which opened in late 2016, took in $40.4 million during 2017 while the Florida resort had revenues of $25.1 million past year.

Stormy Daniels has filed a defamation complaint in federal court in NY over a tweet by US President Donald Trump.

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. Giuliani indicated that the payment was "funneled through a law firm and then the president repaid it". Mar-a-Lago's revenue appears to be down slightly from a year ago: In the 16 months preceding last year's financial disclosure, Trump's "winter White House" took in $37.3 million; in the 12 months preceding this year's, it took in only $25.1 million.

The disclosure shows Trump had at least $511 million in income in 2017, according to Bloomberg. Trump said he turned over control of his businesses to his sons Eric and Donald Trump Jr.so he could focus on his presidency.

"It's not a loan", Giuliani told the New York Daily News.

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