Trump admits to reimbursing lawyer who paid off porn star

May 17, 2018, 01:00
Trump admits to reimbursing lawyer who paid off porn star

"The category of value would be $100,001 - $250,000 and the interest rate would be zero".

Apart from AT&T and Novartis, Cohen was also paid by Korea Aerospace Industries and Columbus Nova, a NY investment firm whose biggest client is Renova Group, a conglomerate owned by US -sanctioned, Kremlin-backed Russian oligarch Victor Vekselberg.

This admission would appear to implicate the Trump team in a campaign-finance violation: Assuming Trump's motivation for paying Stormy Daniels $130,000 not to go public about their (alleged) relations was at least partly because of political concerns, then Cohen's payment to her would constitute a loan to the Trump campaign - one far larger than federal election laws allow.

After the payment to Daniels was first revealed by the Wall Street Journal, Cohen acknowledged making the payment himself. When news of the $130,000 payment first broke, Michael D. Cohen did not deny it but said that he had not been reimbursed by either the president's company or campaign.

Ehrat's retirement echoes that last week of of AT&T's top lobbyist, Bob Quinn, who had responsibility for that company's hiring of Cohen and his Essential Consultants vehicle. Trump's lawyer Rudy Giuliani has characterized the repayment as taken from funds paid as a retainer for Cohen's legal services that didn't have to be listed as a debt, according to the BuzzFeed story.

In a letter to deputy attorney general Rod Rosenstein, the acting director of the Office of Government Ethics, David Apol, said the payment should have been reported as a liability.

President Donald Trump has submitted his annual financial disclosure to the U.S. Office of Government Ethics and it's expected to be made public in the coming days. "The information related to the payment made by Mr. Cohen is required to be reported", the officials said.

But the disclosure of the reimbursement should have been made in last year's report, OGE said.

Michael Avenatti, an attorney representing Daniels, on Tuesday questioned why Trump was acknowledging the payment - and his reimbursement of Cohen - now. "You'll have to ask Michael", he told reporters on Air Force One last month.

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