Trump lists reimbursement to Michael Cohen; ethics office says disclosure was required

16 May, 2018, 22:52 | Author: Wade Massey
  • US President Donald Trump's personal lawyer Michael Cohen leaves the US Courthouse in New York

Last year, Trump did not disclose any debts to Cohen, who executed a payment of $130,000 to Clifford less than two weeks before the 2016 presidential election.

Felix Ehrat, the top lawyer at Swiss pharmaceutical company Novartis, has chose to step down from his role over the drugmaker's $1.2 million payment to President Donald Trump's personal lawyer Michael Cohen for healthcare policy lobbying services.

Daniels has alleged she had a sexual encounter with Trump in 2006, a claim he denies. 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. Among his holdings, he took in $25 million from his Mar-a-Lago resort in Florida.

Donald Trump and his new lawyer Rudy Giuliani
Camera Icon Donald Trump and his new lawyer Rudy

Trump's latest form said the reimbursement was being reported "in the interest of transparency", though it did not have to be disclosed as a reportable liability.

While not stating explicitly what the payments were for, Trump's lawyers have previously said that Trump reimbursed Cohen for the $130,000 hush money payment he made to porn star Stormy Daniels. Daniels says she had an affair with the president.

The Office of Government Ethics "has concluded that, based on the information provided as a note to part 8, the payment made to Mr. Cohen is required to be reported as a liability", the agency's acting director David Apol said in a letter to Deputy Attorney General Rod Rosenstein. The reimbursement was paid in full in 2017, and Cohen had requested the money for expenses incurred in 2016. The disclosure was not included in Trump's 2017 filing.

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