Trump Discloses More Than $100000 Payment to Michael Cohen in Financial Form

05_16_18_TrumpDisclosure

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.

President Donald Trump reported that he reimbursed personal attorney Michael Cohen for costs apparently incurred in paying adult film star Stormy Daniels for a non-disclosure agreement, according to a federally required annual financial disclosure form released by the Office of Government Ethics Wednesday. The Washington Post, Politico, BuzzFeed News, Bloomberg, the New York Times and USA Today have coverage. It says Trump "fully reimbursed Mr. Cohen in 2017".

The form says the reimbursement amount was between $100,001 and $250,000.

Citizens for Responsibility and Ethics in Washington has contended that Trump should have reported the reimbursement past year.

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However, it's noted in the filing that the Office of Government Ethics concluded that the payment to Cohen "meets the disclosure requirement for a reportable liability".

Last year, Trump did not disclose any debts to Cohen, who executed a payment of $130,000 to Clifford less than two weeks before the 2016 presidential election.

Trump's representatives said 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".

The document is being closely watched by ethics experts to see whether it discloses the $130,000 paid to porn star Stormy Daniels on his behalf by his attorney Michael Cohen.

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