President Donald Trump acknowledged for the first time in an ethics disclosure released on Wednesday that he repaid more than $100,001 to former personal attorney Michael Cohen, shedding new light on a scandal involving Trump and porn star Stormy Daniels.
U.S. president Donald Trump has valued his golf course in Doonbeg, Co Clare at between $25 million and $50 million (€21.18 million-€42.36 million), according to a financial disclosures form published on Wednesday.
Cohen has admitted to having paid $130,000 to the adult film actress, Stephanie Clifford ― also known as Stormy Daniels ― after she went public about an affair that she claims to have had with Trump. Trump's personal attorney Michael Cohen orchestrated the 2016 payment, but Trump reimbursed him, according to Trump's lawyer Rudy Giuliani.
Trump's representatives insisted in the document that revealing the payments made to Cohen was not necessary by law, instead saying they were listing them "in the interest of transparency".
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This is a developing story. "Mr. Cohen sought reimbursement of those expenses and Mr. Trump fully reimbursed Cohen in 2017". Trump, who has denied having a sexual relationship with Daniels during his marriage to First Lady Melania Trump, said earlier this month that he reimbursed Cohen. The report says Trump did not have to disclose the payment but is doing so "in the interest of transparency". "The information provided meets the disclosure requirement for a reportable liability".
The payment has been central to complaints filed by watchdog groups alleging that Trump, his campaign and Cohen violated campaign finance laws when Daniels was paid shortly before the election and then further broke the law when the payment was not disclosed in previous filings.
The Mar-a-Lago resort, where the president frequently escapes for winter weekends, collected more than $25 million last year, down from $37 million from last year's report. "The forms will be available through the Office of Government Ethics". Under ethics rules, officials report the value of their assets and the amount of their income in broad ranges.