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 leaked documents, which ended up in the hands of Stormy Daniels' lawyer Michael Avenatti, show that Cohen used the shell company, Essential Consultants LLC, to receive large payments from a number of firms before the 2016 election.
Trump confirmed on May 3 that he had reimbursed Cohen the 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.
More recently, former NY mayor Rudy Giuliani - newly hired as part of Trump's legal team - said in interviews that Trump had reimbursed Cohen for the payment.
Trump's latest disclosure filing said Cohen incurred the expense in 2016 and that Cohen "sought reimbursement" in 2017.
In a footnote in tiny type on Page 45 of his 92-page disclosure, Mr Trump said he reimbursed his lawyer for "expenses" ranging from $100,001 to $250,000.
David Apol, the acting director of the Office of Government Ethics, sent a letter to Deputy Attorney General Rod Rosenstein Wednesday, saying that, "based on the information provided as a note. the payment made by Mr. Cohen is required to be reported as a liability".More news: Biggest Wastes Of Money In The Bank In WWE History
The disclosure of Trump's payments to his lawyer came the same day a Senate intelligence panel released thousands of pages of testimony from its probe into a meeting between the president's eldest son, Donald Trump Jr, and a Russian lawyer who offered to provide damaging information about Hillary Clinton. "Cover-ups should always matter". Dillon didn't immediately respond to a request for comment. "I understand the shorthand you're using, but it wasn't a payment", Ryan says before hanging up.
The Cohen footnote appears in a report giving the first extended look at the president's income from his properties since he became president.
His Washington, D.C., hotel near the Oval Office, a magnet for diplomats and lobbyists, took in $40 million. His Doral club, as was the case past year, dwarfed the rest of his golf properties, with revenues of nearly $75 million.
In his financial discloser form, Trump has listed assets of at least Dollars 1.4 billion and income of more than USD 452 million.
Daniels, whose real name is Stephanie Clifford, claims she had a tryst with Trump in 2006 while he was married.
Trump has at least $315 million in debt, about the same as he reported a year ago. The latest is the one that fueled last week's reports; it describes transactions with companies including Novartis and AT&T, which occurred from September 2017 to January 2018 and totaled almost a million dollars. The president's tax returns would give a clear picture, but Trump has broken with tradition by refusing to make them public.
Citing the federal criminal investigation, Cohen this week told a NY court that he would refuse to testify, citing his right against self-incrimination - under the US Constitution's Fifth Amendment - in a lawsuit filed by Daniels seeking to have the non-disclosure agreement cancelled.