Trump Discloses Cohen Payment On Financial Form

Elias Hubbard
May 17, 2018

Felix Ehrat, the top lawyer at Swiss pharmaceutical company Novartis, has made a decision to step down from his role over the drugmaker's $1.2 million payment to President Donald Trump's personal lawyer Michael Cohen for healthcare policy lobbying services.

The Office of Government Ethics released Trump's disclosure form on Wednesday. The money was meant to keep her from discussing an alleged extramarital affair with Trump prior to the 2016 election.

The exact figure specified in the financial disclosure is said to be between $100,000 and $250,000. The report says Trump did not have to disclose the payment but is doing so "in the interest of transparency".

Trump submitted the document on Tuesday, the deadline for administration employees to file their financial documents.

The footnote appears in a report giving the first extended look at Trump's income from his properties since he became president.

During a Fox News interview on Thursday afternoon, Republican National Committee spokesperson Kayleigh McEnany downplayed President Trump's admission that his personal attorney made a hush payment to an adult film actress (Stormy Daniels) who says she had an affair with Trump. Under ethics rules, officials report the value of their assets and the amount of their income in broad ranges. "Mr. Cohen sought reimbursement of those expenses and Mr. Trump fully reimbursed Mr. Cohen in 2017".

The Office of Government Ethics has also concluded that the payment to Cohen "meets the disclosure requirement for a reportable liability".

Trump's disclosure includes all of 2017 and part of 2018.

Other reports by Click Lancashire

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