The time has come: President Donald Trump’s financial disclosure was released on Wednesday, and it states the president fully reimbursed his long-time lawyer Michael Cohen for an unspecified amount and purpose in 2017.
Donald Trump’s financial disclosure report has been released and discloses the debt to Cohen that was not reported in last year’s report. pic.twitter.com/SCS5KVg9bO
— Walter Shaub (@waltshaub) May 16, 2018
In addition, the disclosure appears to corroborate claims from Rudy Giuliani that the president personally reimbursed Cohen for that $130,000 payment. Giuliani told the New York Times that Trump paid Cohen in monthly installments of $35,000 beginning after the election, which totaled up to $470,000. Let’s keep in mind that Trump had previously denied knowledge of Cohen’s payments.
According to federal law, White House officials, including the president, are required to “report liabilities owed to any creditor that exceeded $10,000 at any time during the reporting period.” It is illegal to “knowingly and willfully” omit or falsify information on disclosure forms, a crime punishable by a fine and up to one year in prison.
We will keep you updated, as this story is still developing.