Trump’s new financial disclosure form mentions Michael Cohen reimbursement

Author: CBS/AP
FILE – In this March 22, 2018 file photo, AT&T CEO Randall Stephenson leaves the federal courthouse in Washington. Stephenson says the company made a “big mistake” in hiring President Donald Trump’s attorney Michael Cohen as a political consultant. In an internal memo to employees, obtained by The Associated Press, Friday, May 11, Stephenson called the hiring a “serious misjudgment,’” and said that the company’s chief lobbyist in Washington is leaving. (AP Photo/Jose Luis Magana)

President Trump’s latest annual financial disclosure form released Wednesday reveals something undisclosed on Mr. Trump’s previous financial disclosure form — Mr. Trump’s reimbursement of his then-attorney Michael Cohen.

“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. Mr Cohen sought reimbursement of those expenses and Mr. Trump fully reimbursed Mr. Cohen in 2017. The category of the value would be $100,001 – $250,000 and the interest rate would be zero.”

A note in the document says “OGE has concluded that the information related to the payment made by Mr. Cohen is required to be reported and that the information provided meets the disclosure requirement for a reportable liability.” This means that the Ethics office deemed that the payment to Cohen, made in 2016, should have been reported last year.

Rudy Giuliani, Mr. Trump’s newest personal attorney, revealed the reimbursement in a shock interview with Fox News’ Sean Hannity earlier this month. Mr. Trump seemed to confirm the claim on Twitter the following morning. But then Mr. Trump said Giuliani was new to the team and would “get his facts straight.” Weeks earlier, Mr. Trump had said he was unaware Cohen paid adult film star Stormy Daniels $130,000 shortly before the election.

The disclosure form details Mr. Trump’s financial interests, and is 92 pages long, due to Mr. Trump’s vast business empire. The White House said on Tuesday afternoon that the president had submitted his form to OGE.

Mr. Trump’s golf clubs also had substantial revenue: his golf club in Jupiter, Florida had $14 million in revenue. Bedminster brought in $15 million and Mar-a-Lago, $25 million (down from $37 million the prior year.) Turnberry, $20 million, among others. His Doral club, as was the case last year, dwarfed the rest of his golf properties, with revenues of almost $75 million.

The Trump Hotel in Washington, D.C., which opened during his presidential campaign in 2016, saw $40 million in revenues.

He is also still picking up a Screen Actors Guild pension of nearly $65,000 from his years as a reality TV host.

Details of Mr. Trump’s disclosure report from last year can be found here.

This is a developing story and will be updated.

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