Pres. Trump's Financial Disclosure Reveals Payment to Cohen, Net Worth

Adjust Comment Print

In new financial disclosure documents, President Donald Trump reported reimbursing his personal attorney, Michael Cohen, for an expenditure over $100,000 a year ago - a value that appears to correspond with the $130,000 that Cohen paid to ensure the silence of an adult-film actress who claimed she'd had a sexual encounter with Trump.

The announcement comes after Novartis was dragged into the scandal over Cohen's payment of $130,000 to USA porn actress Stormy Daniels just days before the 2016 presidential election.

During an interview on MSNBC's "Morning Joe," attorney Michael Avenatti said he is in talks with two women who allege they have agreements with either Trump or his personal lawyer, Michael Cohen, to stay quiet about an affair with the president.

The Office of Government Ethics released a 92-page financial disclosure. It says Trump "fully reimbursed Mr. Cohen in 2017".

The ethics disclosure said Mr Cohen sought reimbursement in 2017 for an expense he incurred in 2016.

The ethics office had received a complaint, calling on it to investigate whether the payment to Mr Cohen should have been reported as a liability on President Trump's financial disclosure report for 2016.

Earlier this year, Trump told reporters on Air Force One that he had not known about Cohen's payment to Daniels. Last month, his home, office and hotel room were raided by the Federal Bureau of Investigation, with records of the payment to Daniels among the materials seized.

More news: Looming SA fuel hike: Here's a look at global petrol prices
More news: Tom Wolfe, Novelist & New Journalism Trailblazer, Is Dead At 88
More news: Whitney documentary claims late singer was abused by cousin Dee Dee Warwick

Rumaihi was in NY with a Qatari delegation including Foreign Minister Mohammed al-Thani, according to Reuters. "We've gotten assurances that we're not involved in it", Giuliani told "The Ingraham Angle" on Fox News.

Avenatti has come right out and said that if you had financial dealings with Cohen he will find out about them and make them public, but the question of where he got the information in the first instance has been troubling.

Cohen has repeatedly said the potential deal was dead in January 2016, but BuzzFeed News reported Thursday that Cohen and Sater were still working on the project well into Trump's campaign in 2016 and that a meeting between Trump and Putin in Russian Federation was not finally ruled out until July 2016.

The disclosure also shows President Trump's current net worth at $3.1 billion. It said it believed that Cohen could advise the company on the Trump administration's approach to healthcare policies, including the Affordable Care Act.

Trump filed the financial form on Tuesday, deadline for administration employees to submit their financial documents.

Trump's hotel in the USA capital, which opened in late 2016, took in $40.4 million during 2017 while the Florida resort had revenues of $25.1 million previous year.