Trump's Financial Disclosure Of 2017 Expenses Shows Previously Unreported Payment To Cohen

Ronan Farrow reveals to Rachel Maddow how he was able to obtain Michael Cohen's confidential financial records

Apol wrote in the letter to Rosenstein that the Office of Government Ethics had determined "the payment made by Mr. Cohen is required to be reported as a liability" and that "you may find the disclosure relevant to any inquiry you may be pursuing regarding the President's prior report that was signed on June 4, 2017".

President Trump should have disclosed Michael Cohen's hush payment to porn star Stormy Daniels as a financial liability previous year, the government's top ethics watchdog concluded Wednesday, potentially opening the President up to legal complications.

Trump submitted his financial disclosure form Wednesday, which showed he made a payment to Cohen between $100,001 and $250,000 in 2017. Apol's letter was released with the Trump disclosures.

Rudy Giuliani, the high-profile new name on Trump's legal team, mentioned in a bombshell revelation on Fox TV earlier this month that Trump had reimbursed Cohen for paying Daniels, a point which the president had expressly denied when earlier asked about it by reporters aboard Air Force One.

"It took a couple of weeks to figure out exactly what we had to do about it and there was a bit of debate about it - not about disclosing but about how to disclose", Giuliani said.

CREW had filed a complaint in March with the OGE and the Justice Department questioning whether a payment from Cohen on Trump's behalf constituted a loan that should have been reported as a liability.

It is well known that Cohen paid adult film star Stormy Daniels $130,000 as part of a non-disclosure agreement, so that she wouldn't go public with her story of an alleged affair with Trump.

I say "possibly" because the omission, on its own, does not prove Trump "knowingly and willfully" falsified last year's financial report.

On May 2, Rudy Giuliani, the former NY mayor who joined Trump's personal legal team in April, said Trump had reimbursed Cohen for the payment. Trump's lawyers, meanwhile, insist that it didn't even need to be reported now, and that the president was only doing so because of his commitment to "transparency".

And Trump's Mar-a-Lago resort in Florida, which the president frequents in the winter months, saw revenues of $25.1 million.

The ethics disclosure also contained information on Trump's personal businesses.

Trump also recieved $65,000 in pension payments from the Screen Actors Guild from his time as a reality TV host on NBC's "The Apprentice" and various guest appearances in movies. Unlike past presidents of both parties in recent decades, Trump has refused to release his tax returns. 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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