Trump Reports Reimbursing Cohen For 2016 Payment Of Over $100K

WASHINGTON, DC — President Donald Trump has reported in financial documents that last year he fully reimbursed Michael Cohen, Trump's personal lawyer and fixer, more than $100,o00 — and less than $250,000 — for a 2016 payment to a third-party. Trump reported the reimbursement in a footnote of his official Personal Financial Disclosure report, which top federal officials must file, multiple media outlets reported.

"In 2016 expenses were incurred by one of Donald J. Trump's attorneys, Michael Cohen," Trump reported. "Mr. Cohen sought reimbursement of those expenses and Mr. Trump fully reimbursed Mr. Cohen in 2017. The category of value would be $100,001 — $250,000 and the interest rate would be zero."

The statement can be found on page 45 of his disclosure.

The Office of Government Ethics, which oversees financial disclosure records, released the report. The disclosure does not specify the nature of the reimbursement.

The office says in its own footnote that Trump had to report the payment and that the disclosure satisfied the agency's requirements.

"OGE has concluded that the information related to the payment made by Mr. Cohen is required to be reported and that the information provided meets the disclosure requirement for a reportable liability," the office said.

Cohen paid $130,000 to adult film actress Stormy Daniels who says she had a sexual affair with Trump shortly after Trump's 12-year-old son Barron was born. Cohen said the payment was hush money meant to prevent Daniels, whose real name is Stephanie Clifford, from talking about the alleged encounter before the 2016 election.

Trump told reporters earlier this year that did not know about the payment. When asked if he knew where Cohen got the money to pay Daniels, Trump responded: "No. I don't know."

Rudy Giuliani, the former New York City mayor and recent addition to the Trump legal team, recently acknowledged that Trump paid Cohen back for the payment. Earlier this month, Trump tweeted that Cohen received a retaining fee each month.

Federal prosecutors in New York are investigating Cohen for possible bank fraud and campaign finance violations, The Washington Post reported, citing sources.

Photo credit: Olivier Douliery-Pool/Getty Images

Source : https://patch.com/us/white-house/trump-reports-reimbursing-michael-cohen-payment-over-100k

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