Trump submits financial disclosure; release expected soon

President Trump's Former Lawyer Michael Cohen's Business Dealings Continue To Draw Federal Scrutiny

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Trump confirmed on May 3 that he had reimbursed Cohen the United States dollars 130,000 he had given to Daniels days before the 2016 election to buy her silence over an alleged affair with the then presidential candidate.

In an ethics disclosure released on Wednesday, US President Trump accepted for the very first time that he paid more than $100,001 to his ex-attorney Michael Cohen who might have paid porn star, Stormy Daniels. The "law-enforcement official" said they decided to make that document public because it appeared two similar reports were missing from a government database, and they feared they were being hidden from law enforcement.

Daniels' attorney argues that the contract was invalid because Trump never signed it, and alleges that Cohen falsely accused her of lying.

The official, whose identity has not been revealed, spoke to the New Yorker explaining that the documents were leaked after it was discovered that two reports detailing Cohen's financial activity vanished from a government database. Mr. Trump seemed to confirm the claim on Twitter the following morning.

"Neither the Trump Organization nor the Trump campaign was a party to the transaction with Ms. Clifford, and neither reimbursed me for the payment, either directly or indirectly", Cohen said, using Daniels' real name, Stephanie Clifford.

"We wouldn't do it without him", Mr Giuliani said on The Ingraham Angle, according to an excerpt provided by the network.

Apol wrote that he considers Trump's payment to Cohen to be a repayment on a loan and that it was required to be included in Trump's June 2017 disclosure.

"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.

The Cohen footnote appears in a report giving the first extended look at Mr Trump's revenue from his properties since he became president.

Cohen has previously said he paid adult film actress Stormy Daniels $130,000 as part of a settlement and non-disclosure agreement reached just before the election in 2016.

In a footnote in tiny type on Page 45 of his 92-page disclosure, Trump said he reimbursed Cohen for "expenses" ranging from $100,001 to $250,000. Yahoo News reported that while Cohen claimed he stopped pursuing Trump World Tower Moscow in January 2016, text messages and emails obtained by prosecutors and congressional investigators suggest he was still working on the deal in May 2016, when Trump was cinching the Republican presidential nomination. His Doral club, as was the case past year, dwarfed the rest of his golf properties, with revenues of nearly $75 million. His Mar-a-Lago resort in Palm Beach, Florida, received $25 million, and his golf club in Bedminster, New Jersey, generated $15 million.

The Trump Hotel in Washington, D.C., which opened during his presidential campaign in 2016, saw $40 million in revenues. Mr. Trump also owes Ladder Capital at least $110 million.

President Trump listens during a meeting with Uzbek President Shavkat Mirziyoyev in the Oval Office Wednesday.

Though it was published three decades ago, Trump's "The Art of The Deal" previous year generated as much as $1 million.

His report shows that Mr Trump received $64,840 from the Screen Actors Guild pension fund.

For operating New York's Wollman Rink in Central Park, the president took in $9.3 million.

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