Trump discloses United States dollars 250000 reimbursement to Cohen

Trump discloses United States dollars 250000 reimbursement to Cohen

Swiss drugmaker Novartis AG said it had paid Cohen almost US$1.2 million; USA telecommunications company AT&T Inc said it made payments of US$600,000; and South Korea's Korea Aerospace Industries Ltd said it hired him for US$150,000.

The payments have raised a number questions of ethics and campaign finance law: whether Cohen improperly combined his personal money with those of a client and whether the payment constituted a loan or contribution to Trump's campaign.

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".

The payment by Cohen to actress Stormy Daniels was made in the last weeks before the 2016 presidential election, as part of a non-disclosure agreement meant to ensure Daniels would not speak about the alleged affair publicly.

The scandal engulfing Cohen has opened a new front in the legal challenges dogging Trump, grabbing headlines from Special Counsel Robert Mueller's ominous investigation into possible collusion between the president's 2016 campaign and Russian Federation.

In a separate but related story, the Post reported Wednesday night that Federal Bureau of Investigation agents have questioned a translator Cohen worked with in connection with payments he received from the company Korea Aerospace Industries. The leaker said they knew the risks, and "To say that I am terrified right now would be an understatement".

Mr Trump's lawyer Rudy Giuliani told Fox News Channel's Laura Ingraham that the United States president was "fully aware" of the disclosure and "endorsed the strategy".

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Later that week, the president said the newly hired Mr Giuliani needed time to "get his facts straight".

A footnote to disclosures submitted Tuesday to the Office of Government Ethics said Cohen had incurred "expenses" on Trump's behalf in 2016 of between $100,001 and $250,000. But Giuliani said in early May that the president had indeed repaid Cohen. 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.

The Ukraine-born Vekselberg is the founder and president of Russia's largest conglomerate, the Renova Group, which has enabled him to become one of the country's wealthiest men-worth an estimated $13.5 billion as of 2015. According to ethics document, Trump's income was $25 million in 2017 and more than $15 million from the golf club.

His Doral golf course and resort in Miami took in $75 million (€63m).

Some of the 12-month figures for his properties are down from his previous report, but that earlier report covered about 16 months and so it is not directly comparable. Trump owes Deutsch Bank as much as $175 million. One of his biggest lenders is Ladder Capital, which has lent more than $100 million. The president's tax returns would give a clear picture, but Trump has broken with tradition by refusing to make them public. Instead, he put his assets in a trust controlled by his two adult sons and a senior executive.

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

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

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