Trump reimbursed attorney who paid Stormy Daniels - disclosure

17 May, 2018, 14:41 | Author: Brenda Erickson
  • 05_16_18_TrumpDisclosure

Focusing on just Michael Cohen, there was President Trump's formal acknowledgement that he reimbursed his "fixer" for paying off Stormy Daniels, the resignation of a Novartis executive who signed off on the pharmaceutical company hiring Cohen as a consultant, and a report that Cohen asked a Qatari investor for "millions" of dollars, which would go "through him to Trump family members".

President Donald Trump has formally disclosed that he reimbursed his personal attorney more than $100,000 previous year, apparently in connection with the payment of hush money to a porn star, government records show.

But ethics officials said in a note on his form that they have concluded otherwise.

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

A law enforcement source said in a new report Wednesday that he leaked financial records about President Trump's longtime attorney Michael Cohen because two key goverment reports on Cohen's financial activity were missing.

Also on Wednesday, the Senate Intelligence Committee backed up the American intelligence community's findings that Russian Federation interfered in the 2016 United States election to help Mr Trump.

The payments have raised a number questions of ethics and campaign finance law: whether Cohen improperly combined his personal money with those of a client and whether the payment constituted a loan or contribution to Trump's campaign.

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The leaker says he knows the consequences of his actions, but that they could not ignore the potential corruption of the FINCEN system. The president denies the affair, and initially denied all knowledge of the payment, which Cohen has acknowledged was meant to stop her from going public with the allegations.

Later that week, the president said the newly hired Mr Giuliani needed time to "get his facts straight". "The information related to the payment made by Mr. Cohen is required to be reported", the officials said. We've recently learned Cohen was subsequently reimbursed by Trump.

While the disclosure did not specify the goal of the payment, Cohen has said he paid $130,000 to Ms Daniels in the weeks before the 2016 presidential election to keep her from going public about her allegations that she had sex with the married Trump in 2006.

A footnote to disclosures submitted Tuesday to the Office of Government Ethics said Cohen had incurred "expenses" on Trump's behalf in 2016 of between $100,001 and $250,000.

His Doral golf course and resort in Miami took in $75 million (€63m). It indicates that his Washington hotel, a popular spot for lobbyists and Republican aides and among one of his most successful properties, had revenues of over $40 million in 2017. Trump owes Deutsch Bank as much as $175 million.

Trump has at least $315 million in debt, about the same as he reported a year ago. The agency reviewed the form and made it public on Wednesday.

The president's lawyer, meanwhile, finds himself under investigation by federal prosecutors who seized reams of evidence in raids on his home and office last month but have not revealed what crimes he may have committed.

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