Trump disclosure form reveals reimbursement to lawyer for porn star payment

17 May, 2018, 01:30 | Author: Diane Mills
  • Ethics director forwards

On Wednesday, the Office of Government Ethics released President Donald Trump's 2017 financial disclosure form, which officially recognizes a previously undisclosed payment to the president's longtime personal lawyer Michael Cohen previous year.

Novartis made the payments of $100,000 a month to Mr. Cohen's company, Essential Consultants, for insight into health-care policy in a one-year contract that ended in February. The reimbursement was paid in full in 2017, and Cohen had requested the money for expenses incurred in 2016. "The category of value would be $100,001 to $250,000 and the interest rate would be zero".

The Office of Government Ethics, which released the form, disagreed with the assessment, saying Trump should have disclosed the payment in last year's filing.

This is a developing line.

The Office of Government Ethics, which oversees the financial-disclosure documents, said in its own footnote that it had concluded Trump had to report the payment to Cohen in a section that detailed Trump's legal liabilities over the course of 2017 and the first half of 2018.

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But the disclosure of the reimbursement should have been made in last year's report, OGE said.

OGE's acting director, David Apol, sent a letter to Deputy Attorney General Rod Rosenstein along with the financial disclosure, notifying the Justice Department of the Cohen payment. But then Mr. Trump said Giuliani was new to the team and would "get his facts straight". But Trump's lawyers have previously said that Trump reimbursed Cohen for the $130,000 hush money payment he made to porn star Stormy Daniels. Trump had earlier denied knowledge of such a payment. But the president's latest disclosure seems to support Giuliani's original statement. But one of the newest members of Trump's legal team, former federal prosecutor and NY mayor Rudy Giuliani, has acknowledged the U.S. president reimbursed Cohen for the hush money.

His Doral golf course and resort in Miami took in $75 million, his Mar-a-Lago resort in Palm Beach, Florida, received $25 million and his golf club in Bedminster, New Jersey, generated $15 million.

The $100,000 was paid out in 2016 but was not reported in the president's disclosure past year. It reported revenue of $74.8 million.

When Trump took office, he refused to fully divest from his global business, another break with presidential tradition.

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