Trump files financial disclosure with ethics office

17 May, 2018, 09:15 | Author: Sally Reid
  • Ronan Farrow reveals to Rachel Maddow how he was able to obtain Michael Cohen's confidential financial records

President Trump's newly filed financial disclosure form includes confirmation that the president reimbursed attorney Michael Cohen a year ago for unspecified "expenses" - apparently the hush money paid to porn star Stormy Daniels before the 2016 election.

But Trump's lawyers have said that the Trump reimbursed Cohen for a $130,000 hush money payment made to adult film actress Stormy Daniels in exchange for her silence over her alleged affair with Trump.

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.

Donald Trump's financial disclosure report has been released and discloses the debt to Cohen that was not reported in last year's report. Trump filed a financial disclosure form this week that shows he reimbursed Cohen between $100,000 and $250,000.

According to the Washington Post, Trump's disclosure was filed with the Office of Government Ethics, who said the president's debt to Cohen should be listed in the liabilities section. "Cover-ups should always matter".

"In 2016, expenses were incurred by one of Donald J. Trump's attorneys, Michael Cohen", read a footnote on the form.

Trump's financial submission also gives a look at just at how much his business empire generates for him. Giulani's statement appeared to contradict the president's statement in April that he didn't know about the payment to Daniels.

Ronan Farrow reveals to Rachel Maddow how he was able to obtain Michael Cohen's confidential financial records
IG Mulling Dem Request to Investigate Cohen's Missing Bank Records

Other properties have not fared as well, including Trump National Doral, a golf resort near Miami, which is Trump's biggest cash flow generator.

Giuliuani, speaking to Fox News' Sean Hannity - himself one of Cohen's clients - was trying to head off claims that Cohen was repaid using the president's campaign money, which could constitute a campaign finance violation.

"I am providing both reports, [2017 and 2018], to you because you may find the disclosure relevant to any inquiry you may be pursuing regarding the president's prior report that was signed on June 14, 2017", Apol wrote to Rosenstein.

Trump earned at least $1.1 million from his operations in India, the most active location overseas for the Trump Organization, with at least four active real estate projects, in Mumbai, Pune, Kolkata and Gurgaon, which is outside of New Delhi. His Mar-a-Lago resort in Palm Beach, Florida, received $25 million, and his golf club in Bedminster, New Jersey, generated $15 million. Under ethics rules, officials report the value of their assets and the amount of their income in broad ranges.

Vice President Mike Pence has released his annual financial disclosure, reporting a pension plan from the state of IN worth between $500,000 and $1 million and credit card debt between $15,000 and $50,000.

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

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