Trump Lists Michael Cohen Payment on Financial Disclosure

Trump Lists Michael Cohen Payment on Financial Disclosure

A footnote in the 92-page document claims that the expense was not required to be reported on Trump's 2016 disclosure form, but "in the interest of transparency" says that Cohen was reimbursed without interest past year for an amount in the range of USD100,000 to USD250,000.

Common Cause, a nonpartisan watchdog group in Washington, has filed a complaint with the U.S. Federal Election Commission, claiming Trump broke the law when his campaign excluded details about the $130,000 payment in legally mandated filings.

After the payment to Daniels was first revealed by the Wall Street Journal, Cohen acknowledged making the payment himself. "He knowingly and willfully caused his campaign to not disclose this expenditure, and that's a criminal violation".

"Neither the Trump Organization nor the Trump campaign was a party to the transaction with Ms. Clifford, and neither reimbursed me for the payment, either directly or indirectly", Cohen said, using Daniels' real name, Stephanie Clifford.

In an interview with NPR, Shaub said Trump's lawyers never asked OGE previous year whether the payments to Cohen should be disclosed. Asked if Trump is anxious, Giuliani delivered a one-word rebuke: "Nope".

"They funneled through a law firm, and the President repaid it", Giuliani said. Mr Trump's lawyer said his client "vehemently denies" the claim. The White House did not respond to requests for comment to clarify the reason for Trump's payment to Cohen.

Trump's disclosure includes all of 2017 and part of 2018.

Citing the federal criminal investigation, Cohen this week told a NY court that he would refuse to testify, citing his right against self-incrimination - under the US Constitution's Fifth Amendment - in a lawsuit filed by Daniels seeking to have the non-disclosure agreement cancelled.

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While the disclosure didn't specify the objective of the payment, Cohen has said he paid $130,000 to 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. It says Trump "fully reimbursed Mr. Cohen in 2017".

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

Cohen has publicly acknowledged paying Daniels, saying he obtained the cash through a line of credit on his home. The agreement was meant to keep Daniels from speaking about the brief affair she allegedly had with Trump in the mid-2000s.

The disclosure shows millions in 2017 income from rents, licences, book and television royalties, company shares, hotel management fees and golf courses, with interests from India to Dubai.

The Mar-a-Lago resort owned by President Trump in Palm Beach, Fla.

The move comes five days after AT&T said its chief lobbyist was leaving the company after overseeing a $50,000-per-month contract for Cohen to serve as a consultant for a year.

But ethics officials said in a note on his form that they have concluded otherwise. Unlike past presidents of both parties in recent decades, Trump has refused to release his tax returns.

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