Published: Thu, May 17, 2018
Money | By Arnold Ball

Trump's Financial Disclosure Of 2017 Expenses Shows Previously Unreported Payment To Cohen

Trump's Financial Disclosure Of 2017 Expenses Shows Previously Unreported Payment To Cohen

President Trump should have disclosed Michael Cohen's hush payment to porn star Stormy Daniels as a financial liability a year ago, the government's top ethics watchdog concluded Wednesday, potentially opening the president up to legal complications.

No mention was made of a $130,000 paid to porn star Stormy Daniels to keep her quiet about an alleged affair.

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.

Former OGE director Walter Shaub, a Trump critic who left the agency previous year, said the government ethics agency's determination suggests that Trump should have reported the payment in his 2017 financial disclosure report.

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

"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", Shaub said in a statement. "Cover-ups should always matter".

"Mr Cohen sought reimbursement of those expenses and Mr Trump fully reimbursed Mr Cohen in 2017", it said.

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Those that had received the shock group's RNA responded nearly exactly like the shock group: They recoiled for about 40 seconds. When tapping the snails, the ones in shock training contracted their bodies for nearly 50 seconds to defend themselves.

The financial documents published today also offered a glimpse of the performance of two of Trump's flagship hotels: the Trump International Hotel in Washington - which has attracted crowds of lobbyists, lawmakers and foreign governments with business before the federal government, and Trump's Mar-a-Lago resort in Florida, dubbed the "Winter White House". He notes that the failure to list the Cohen debt in Trump's June 2017 filing may violate federal law.

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

Mr Apol's letter was released with the Trump disclosures. The report estimated the holdings are worth at least $1.4 billion. The prior year's disclosure showed total income of at least $597 million and a similar level of assets, but that report spanned almost a 16-month period so is not directly comparable.

The figures are before expenses and so give no indication of how much profit the president made off the properties. One of his biggest lenders is Ladder Capital, which has lent more than $100 million. A large share of that debt stems from Deutsche Bank loans to Trump National Doral. The ethics office reviewed Trump's form and released it on Wednesday.

His report shows that Trump received $64,840 from the Screen Actors Guild pension fund. Trump has appeared in several movies, including "Home Alone 2" and "Zoolander".

For operating New York's Wollman Rink in Central Park, the president took in 9.3 million dollars (£6.86m).

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