‘Mr. Cohen sought reimbursement of those expenses…’
(Daily Mail) President Donald Trump revealed in his financial disclosure form that he reimbursed Michael Cohen for loans of between $100,00 and $250,000 – paying back for ‘expenses’ the man who says he paid porn star Stormy Daniels.
The form notes that ‘expenses were incurred by one of Donald J. Trump’s attorneys,’ and Trump disclosed it ‘in the interest of transparency.’
It was contained in a line beneath a section where large bank loans were listed.
The move comes after Trump lawyer Rudy Giuliani said on television that Trump reimbursed Cohen for the payment after Cohen made it on his own to try to keep the Storm Daniels claim from coming out, then walked back the statement.
Cohen negotiated a non-disclosure agreement with the former porn star who says she had an affair with Trump.
The agreement used pseudonyms, and required she not speak about the alleged affair, which Trump denies.
It is signed by Cohen and Daniels, but not by Trump, although the pseudonym refers to him.
According to the president’s required annual filing, ‘Mr. Cohen sought reimbursement of those expenses and Mr. Trump fully reimbursed Mr. Cohen in 2017. The category of value would be $100,001 – $250,000 and the interest rate would be zero.’
He indicated he did not have to disclose the loan, although ethics experts said beforehand that he did, citing the requirement to disclose all debts over $10,000.
‘In the interest of transparency, while not required to be disclosed as ‘reportable liabilities’ on Part 8, in 2016 expenses were incurred by one of Donald J. Trump’s attorneys, Michael Cohen,’ according to Trump’s form.
Trump filed his form Tuesday amid anticipation about whether he will disclose a $130,000 payment to porn star Stormy Daniels…Original Source…