Published: Wed, May 16, 2018
People | By Leon Thompson

Footnote in Trump report lists Cohen payment

Footnote in Trump report lists Cohen payment

President Donald Trump acknowledged that he has repaid his lawyer Michael Cohen for expenses Cohen occurred during the 2016 presidential election, according to his financial disclosure forms released Wednesday.

The report also disclosed the income Trump collected from several of his marquee properties, including what he has described as the "Winter White House" in Palm Beach, Fla.

Trump, who has denied having a sexual relationship with Daniels during his marriage to First Lady Melania Trump, said earlier this month that he reimbursed Cohen. "The category of value would be $100,001 to $250,000 and the interest rate would be zero".

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. It says Trump "fully reimbursed Mr. Cohen in 2017".

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Trump has released three personal financial disclosure statements to the Office of Government Ethics since he declared his candidacy three years ago.

Trump submitted the form on Tuesday, the deadline for administration employees to file their financial documents.

Personal gifts disclosed by Trump include golf-related items from two professional golfers: a golf bag and clubs worth $1,150 from Kevin Streelman and $750 clubs from Bryson Dechambeau.

Trump's disclosure will also be the first extended look at how his businesses have performed since he became president in January 2017. Still, Trump can take back control of the trust at any time and he's allowed to withdraw cash from it as he pleases.

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