The Latest: Footnote in Trump report lists Cohen payment

Associated Press |

WASHINGTON (AP) — The Latest on President Donald Trump's financial disclosure report (all times local):

President Donald Trump's disclosure that he "reimbursed" personal attorney Michael Cohen for as much as $250,000 last year comes in a footnote to his financial disclosure report.

No mention was made of a $130,000 paid to porn star Stormy Daniels to keep her quiet about an alleged affair. 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. The report says Trump did not have to disclose the payment but is doing so "in the interest of transparency."

The footnote appears in a report giving the first extended look at Trump's income from his properties since he became president. Among his holdings, he took in $25 million from his Mar-a-Lago resort in Florida.

President Donald Trump has filed a financial disclosure report that reveals a payment to his personal attorney, Michael Cohen. The value of the payment ranged from $100,001 to $250,000.

Trump attorney Rudy Giuliani revealed earlier this month that Trump repaid Cohen for a $130,000 hush money payment to porn star Stormy Daniels. Daniels says she had an affair with the president. Trump denies it.

The mandatory filing says that "in 2016 expenses were incurred by one of Donald J. Trump's attorneys, Michael Cohen. It says Trump "fully reimbursed Mr. Cohen in 2017."

The Office of Government Ethics has also concluded that the payment to Cohen "meets the disclosure requirement for a reportable liability." The disclosure was not included in Trump's 2017 filing.

President Donald Trump has submitted his annual financial disclosure to the U.S. Office of Government Ethics and it's expected to be made public in the coming days.

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

The document is being closely watched by ethics experts to see whether it discloses the $130,000 paid to porn star Stormy Daniels on his behalf by his attorney Michael Cohen.

Ethics experts say that if that money isn't disclosed, Trump could be in violation of ethics laws for failing to disclose a reportable item, a violation for which others have been prosecuted.

Trump's previous report, covering through the first few months of 2017, showed he had at least $1.4 billion in assets and at least $594 million in income.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

Can the Media Solve the Partisan Conflict?

Andrew McCarthy, Contributing Editor, The National Review; Michael Zeldin, CNN Legal Analyst; Celeste Katz, Senior Political Reporter, Glamour; Silvia Davi, SVP, Contributing Editor, Equities.com; and Doug Simon, CEO, D S Simon Media discuss how the media’s role has shaped the landscape for communicators and what the media is trying to do to reduce discord in society.

Emerging Growth

Margaux Resources Ltd.

Margaux Resources Ltd is a Calgary based resource company. The Company is focused on its Jersey Emeral Tungsten-Zinc property located in the southeast portion of British Columbia.