Trump financial disclosure includes reimbursement to personal attorney Michael Cohen


Shaub explained that an attorney for Trump visited OGE past year "and sat across the table from me and asked that President Trump not have to certify that his financial disclosure report was true". Weeks earlier, Mr. Trump had said he was unaware Cohen paid adult film star Stormy Daniels $130,000 shortly before the election.

Another issue is Rudy Giuliani's public claim that Trump actually reimbursed Cohen up to $460,000 over the course of 2017. The group had asked both agencies to investigate whether Cohen's payment should have been disclosed previous year, and if so, "whether the failure to report it was knowing and willful".

This is a developing story.

Trump's filing states that the president was not required to disclose Cohen's expenses, but was doing so in the interest of transparency.

The document released Wednesday does not specify the reason for Trump's payment to Cohen, but the OGE said it "meets the disclosure requirements for a reportable liability". More recently, former US attorney and New York City Mayor Rudy Giuliani, now working as a member of Trump's legal team, stated that Trump had, in fact, reimbursed Cohen for the payment to Clifford, among a number of legal services.

The Office of Government Ethics released Trump's disclosure form on Wednesday. He said he had not been reimbursed by Trump's company or Trump's campaign.

"I am providing both reports to you because you may find the disclosure relevant to any inquiry you may be pursuing", Office of Government Ethics Acting Director David Apol wrote to Deputy Attorney General Rod Rosenstein.

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Trump attorney Rudolph W. Giuliani already has an alternative explanation for the omission: Trump did not consider the money he owed Cohen to be a debt.

Trump officially acknowledged for the first time on his financial disclosure Wednesday that he paid Cohen more than $100,000 for expenses he "incurred" in 2016. The week culminated in Stormy Daniels' lawyer predicting Trump would end up being forced to resign.

But ethics experts say that if that payment was knowingly and willfully left out, Trump could be in violation of federal ethics laws.

That letter was written in response to a complaint from a watchdog organization, Citizens for Responsibility and Ethics in Washington, which said that Trump should have reported the payments to Cohen in last year's disclosures.

The disclosure shows Trump had at least $511 million in income in 2017, according to Bloomberg.

When Trump took office, he refused to fully divest from his global business, instead moving his businesses into a revocable trust.

A prior disclosure made a year ago covered a 16-month period and showed $37.3 million in revenues for Mar-a-Lago.