President Trump admits he repaid attorney Michael Cohen in financial form


President Donald Trump's disclosure that he "reimbursed" personal attorney Michael Cohen for as much as $250,000 past year comes in a footnote to his financial disclosure report. The reimbursement was paid in full in 2017, and Cohen had requested the money for expenses incurred in 2016.

Ethics office sending letter to Rod Rosenstein stating that Michael Cohen's payment on behalf of Trump was a debt and may be relevant to "any inquiry" Rosenstein may be pursuing.

The 92-page report lists Mr. Trump's more than 200 property holdings, including Trump Tower in NY and his private Mar-a-Lago resort in Palm Beach, Florida, valued at more than $50 million.

But ethics officials said in a note on his form that they have concluded otherwise.

Beyond the Cohen reimbursement, Trump's financial disclosure form offers some limited insights into his businesses' performance.

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A government watchdog group, Citizens for Responsibility and Ethics in Washington, said the president's disclosure of the liability to Mr. Cohen "raises serious questions" about why he didn't disclose the repayment in last year's filing. His course in Turnberry, Scotland, had revenue of $20.3 million. The disclosure was not included in Trump's 2017 filing.

Other properties have not fared as well, including Trump National Doral, a golf resort near Miami, which is Trump's biggest cash-flow generator.

Giuliuani, speaking to Fox News' Sean Hannity - himself one of Cohen's clients - was trying to head off claims that Cohen was repaid using the president's campaign money, which could constitute a campaign finance violation.

Donald Trump at Shannon Airport in May 2014, after his purchase of the Doonbeg golf resort, and a long while before he became USA president. His company has watched its pipeline of deals ebb and flow.

The owners of struggling hotels in Toronto and NY have paid the Trumps millions of dollars to remove their name from the properties after the election. The Office of Government Ethics said the president's report is under review. The Washington Post, Politico, BuzzFeed News, Bloomberg, the New York Times and USA Today have coverage. "Mr. Trump fully reimbursed Mr. Cohen", the report said. "And if we have to take a break for an eight-year period of time or a four-year period, then it is what it is".