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Stormy Daniels: Trump Discloses Payment To Reimburse Cohen

Stormy Daniels: Trump Discloses Payment To Reimburse Cohen

The latest ethics disclosure did not describe the goal or the recipient of the original 2016 payment to a "third party" made by Mr Cohen, for which he was reimbursed by Mr Trump.

Trump's lawyers, who prepared the document that was released on Wednesday, said that Trump was reporting the repaid debt "in the interest of transparency" but declared in the footnote that the transaction was "not required to be disclosed as reportable liabilities". The president denies the affair, and initially denied all knowledge of the payment, which Cohen has acknowledged was meant to stop her from going public with the allegations.

Earlier this year, Trump told reporters on Air Force One that he had not known about Cohen's payment to Daniels.

Cohen is now faced with a federal investigation into his business dealings and the payment he made to an adult film star who claimed to have an affair with Trump in 2006.

These reports revealed Cohen's lucrative secret financial deals with numerous corporations inked shortly after Trump won the presidency. "Mr. Cohen sought reimbursement of those expenses and Mr. Trump fully reimbursed Cohen in 2017. As a co-signatory with our former CEO, I take personal responsibility to bring the public debate on this matter to an end", Mr. Ehrat said in a statement.

Ronan Farrow, writing for the New Yorker, published a remarkable report on Wednesday evening on the finances of Michael Cohen, President Donald Trump's long-time attorney.

After significant investigation, we have discovered that Mr. Trump's atty Mr. Cohen received approximately $500,000 in the mos. after the election from a company controlled by a Russian Oligarc with close ties to Mr. Putin. Last month, his home, office and hotel room were raided by the Federal Bureau of Investigation, with records of the payment to Daniels among the materials seized.

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"No", Trump said. "I don't know".

Mr Mueller is investigating possible collusion between Trump's 2016 presidential campaign and Russian Federation, something that Mr Trump has repeatedly denied.

The two SARs that the whistleblower couldn't find detail larger quantities of money being paid to Cohen, according to the report: One for "a little over a million dollars" and another for "suspect transfers totaling more than two million dollars".

It said the payments continued because the contract could not have been terminated.

Michael Avenatti, the lawyer for adult film actress Stormy Daniels, first cited those records last week, as other media outlets confirmed them.

The president reported royalties from his 1987 book The Art of the Deal in the same $100,000-$1m range as he did previous year - and sales for some of his lesser titles picked up.


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