Trump Lists Michael Cohen Payment on Financial Disclosure

Trump Lists Michael Cohen Payment on Financial Disclosure

Michael Avenatti, the lawyer representing the adult-film actress Stormy Daniels, tweeted a screenshot of what he said was video footage from that day showing al-Rumaihi, Flynn and Michael Cohen inside the lobby of Trump Tower in New York City.

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 100,000-250,000 dollars.

A law enforcement source said in a new report Wednesday that he leaked financial records about President Trump's longtime attorney Michael Cohen because two key goverment reports on Cohen's financial activity were missing.

Trump had earlier denied knowledge of such a payment. A footnote in tiny type on page 45 of the 92 page document says the president "fully reimbursed" Cohen for "expenses" ranging from $100,001 to $250,000.

Trump's acknowledgment that he reimbursed Cohen puts the president "at the middle of all of the campaign finance violations", said Paul S. Ryan, head of litigation at Common Cause. The "law-enforcement official" said they decided to make that document public because it appeared two similar reports were missing from a government database, and they feared they were being hidden from law enforcement.

And Trump's Mar-a-Lago resort in Florida, which the president frequents in the winter months, saw revenues of $25.1 million. "Mr. Trump fully reimbursed Mr. Cohen", the report said. "I think if it's an expenditure rather than a liability, you don't have to disclose expenditures, but that's lawyers quibbling".

The White House stated in a footnote to the filing that it was listing the payment "in the interest of transparency", even though it contended it did not have to make the disclosure. "But we now have to wonder how many other liabilities for similar payments he has that he still has not disclosed because he has not been publicly called out on them".

Media captionWas Trump's Stormy Daniels payment legal?

The Ukraine-born Vekselberg is the founder and president of Russia's largest conglomerate, the Renova Group, which has enabled him to become one of the country's wealthiest men-worth an estimated $13.5 billion as of 2015.

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Some of the 12-month figures for his properties are down from his previous report, but that earlier report covered about 16 months and so it is not directly comparable.

Trump has at least $315 million in debt, about the same as he reported a year ago.

The disclosure, signed by Trump and released by the US Office of Government Ethics, did not describe the goal or the recipient of the original 2016 payment to a "third party" made by Cohen, for which he was reimbursed by Trump.

Mr. Trump listed liabilities of at least $250 million, with Deutsche Bank as his biggest creditor.

The debt figures are given in broad ranges in the report and capped at $50 million, so it's unclear just how much Trump actually owes.

While details have slowly emerged about how Cohen leveraged his close ties to Trump in order to receive millions of dollars in consulting deals with domestic and foreign companies, his meeting with al-Rumaihi signals the first time Cohen tried to solicit payment from a foreign government.

Before taking office, Trump said he shifted day-to-day control of his business to his sons, primarily Eric Trump. The president can take back control of the trust at any time, and he's allowed to withdraw cash from it as he pleases. Mr. Trump is also still picking up a Screen Actors Guild pension of almost $65,000 from his years as a reality TV host and sometime bit player in movies.

For operating New York's Wollman Rink in Central Park, the president took in $9.3 million.

Though it was published three decades ago, his book The Art of The Deal past year generated as much as $1 million.

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