Trump Discloses Payment to Cohen in Financial Report

Trump Discloses Payment to Cohen in Financial Report

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President Trump’s financial disclosure, released on Wednesday, revealed for the first time that he paid more than $100,000 to his personal attorney, Michael D. Cohen, as reimbursement for payment to a third-party.

The disclosure, released by the Office of Government Ethics, did not specify the purpose of the payment. However, Mr. Cohen has paid $130,000 to an adult film actress, Stephanie Clifford, who has claimed she had an affair with Mr. Trump.

Mr. Cohen has said he made the payment to keep the actress, who goes by the stage name Stormy Daniels, from going public before the 2016 election with her story about an affair with Mr. Trump.

A footnote in the disclosure said that Mr. Cohen had requested reimbursement of the expenses incurred in 2016 and Mr. Trump had repaid it in full in 2017. It did not give an exact amount of the payment but said it was between $100,001 and $250,000.

In a December interview, Mr. Trump’s son, Eric Trump, who is managing the business with his brother, Donald Trump Jr., told The New York Times that the Trump Organization did not have to answer to shareholders, so it had the freedom to slow new development.

“We have the best properties in the world; they’re doing extraordinarily well,” Eric Trump said. “And if we have to take a break for an eight-year period of time or a four-year period, then it is what it is.”



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