Donald Trump's ethics disclosure reveals payment to Stormy Daniels

Ethics director forwards

Ethics director forwards

The disclosure underscored the inconsistency of explanations by Trump and aides about a $130,000 payment made by Cohen to Daniels before the 2016 presidential election to buy her silence over an alleged sexual encounter with Trump in 2006.

Former Department of Justice spokesperson Matt Miller described the letter as "essentially a criminal referral to DOJ for Trump making a false statement in a previous financial disclosure".

On Sunday, lawyer Michael Avenatti got the ball rolling on a odd and convoluted story involving Qatari diplomats, President Trump, Michael Cohen, former National Security Adviser Michael Flynn, Ice Cube, Stephen Bannon, and the Trump-Russia collusion dossier compiled by ex-spy Christopher Steele.

The document filed by President Trump states that he disclosed the payment "in the interest of transparency" and not because he was required to do so. Ethics experts says that if that payment was knowingly and willfully left out, Trump could be in violation of federal ethics laws.

Trump had previously disputed whether he was aware of the payment by Cohen and if he reimbursed his lawyer.

Trump's disclosure, which includes all of 2017 and part of 2018, is being closely watched to see whether it will disclose the $130,000 paid to porn star Stormy Daniels on his behalf by his attorney Michael Cohen.

Attached to the filing is a letter from the acting director of Office of Government Ethics to Deputy Attorney General Rod Rosenstein, which notes that the "payment made by Mr. Cohen is required to be reported as a liability".

The company said general counsel Felix Ehrat is retiring "in the context of discussions surrounding Novartis' former agreement with Essential Consultants, owned by Michael Cohen". The report shows he took in $75 million from his Miami golf course and resort a year ago, $25 million at his Mar-a-Lago resort in Florida and $15 million from his golf club in Bedminster, New Jersey. "The forms will be available through the Office of Government Ethics".

The payment made by Cohen was between $100,001 and $250,000 and there was no interest incurred, the report said.

Stephenson said Bob Quinn, senior executive vice president of the external and legislative affairs group, "will be retiring".

The disclosure forms will also provide a look at the shape of Trump's finances a little more than a year into his term.

While Trump's annual ethics disclosure reveals information about his personal finances, it lacks details of the sort found in an income tax return.

Trump attorney Rudy Giuliani said during a Fox News interview that the president had repaid Cohen.

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