Trump discloses up to $ 250K paid to Cohen for ‘ expenses’
NEW YORK — President Donald Trump noted in his financial disclosure Wednesday that he “fully reimbursed” personal attorney Michael Cohen as much as $ 250,000 for unspecified “expenses,” with no mention of a $ 130,000 payment to porn actress Stormy Daniels to keep quiet about a sexual tryst she said they had.
The head of the nation’s ethics office questioned why Trump didn’t include this in his previous year’s disclosure and passed along his concerns to federal prosecutors.
“I am providing both reports to you because you may find the disclosure relevant to any inquiry you may be pursuing,” David Apol, acting director of the Office of Government Ethics, wrote to Deputy Attorney General Rod Rosenstein.
Apol wrote that he considers Trump’s payment to Cohen to be a repayment on a loan and that it was required to be included in Trump’s June 2017 disclosure. Ethics experts say that if that payment was knowingly and willfully left out, Trump could be in violation of federal ethics laws.
“This is a big deal and unprecedented. No president has been previously subject to any referral by ( Office of Government Ethics) to DOJ as a result of having failed to report an item on their public financial disclosure report,” said Virginia Canter, a former ethics official in the Clinton and Obama White Houses who is now with the watchdog group Citizens for Responsibility and Ethics in Washington.
In a footnote in tiny type on Page 45 of his 92- page disclosure, Trump said he reimbursed Cohen for “expenses” ranging from $ 100,001 to $ 250,000. The report said the president did not have to disclose the payment but was doing so “in the interest of transparency.”
While the disclosure didn’t specify the purpose of the payment, Cohen has said he paid $ 130,000 to Daniels before the 2016 election to keep her from going public about her allegations that she had sex with Trump in 2006.
Daniels’ lawyer, Michael Avenatti, tweeted: “Mr. Trump’s disclosure today conclusively proves that the American people were deceived.”
The tweet continued: “This was NOT an accident and it was not isolated. Cover- ups should always matter.”
The footnote appears in a report giving the first extended look at Trump’s income from his properties since he became president. His Washington, D. C., hotel near the Oval Office, which has become a magnet for diplomats and lobbyists, took in $ 40 million.
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.
Trump has at least $ 315 million in debt, about the same as he reported a year ago.