Novartis Lawyer Leaves Company Due to Michael Cohen Payment

President Donald Trump speaks during the 37th annual National Peace Officers Memorial Service on Capitol Hill Tuesday

Novartis Lawyer Leaves Company Due to Michael Cohen Payment

The revelation was in ethics disclosures signed by Mr Trump that were released by the US Office of Government Ethics on Wednesday.

US President Donald Trump repaid his lawyer, Michael Cohen, at least US$100,001 for an expense that occurred in 2016 - the year Cohen paid off porn star Stormy Daniels over an alleged affair with Trump, the Office of Government Ethics said on Wednesday.

There are 5 comments on the New York Daily News story from 4 hrs ago, titled Trump lists Cohen payment relating to Stormy on federal form.

The document filed by President Trump states that he disclosed the payment "in the interest of transparency" and not because he was required to do so.

Apol said he was notifying Rosenstein "in connection" with a complaint that his office and the Department of Justice had received in March from the government watchdog group Citizens for Responsibility and Ethics in Washington (CREW).

President Trump's latest annual financial disclosure form released Wednesday reveals something undisclosed on Mr. Trump's previous financial disclosure form - Mr. Trump's reimbursement of his then-attorney Michael Cohen.

Apol wrote that he considers President Trump's payment to Cohen as a payment on a loan, and that it was required to be disclosed in President Trump's June 2017 disclosure.

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It describes a 2016 expense incurred by Cohen in the amount of $100,001 to $250,000.

Trump's attorney Rudy Giuliani has said the President "didn't know the details" of the payment to Daniels.

Both Trump and Cohen have claimed that the president was unaware of the payment, which was made to Daniels - whose real name is Stephanie Clifford - to stop her talking about the affair just before the 2016 election. The president's tax returns would give a clear picture, but Trump has broken with tradition by refusing to make them public.

In April, the FBI raided Cohen's offices and home as part of a criminal investigation, drawing Trump's ire. The president's Florida club, Mar-a-Lago, also took in $25 million (down from $37 million the prior year), while his Turnberry club in Scotland grossed $20 million. Meanwhile, Trump's D.C. hotel - which, fortuitously, opened its doors in September 2016 - has become one of the mogul's best-performing properties, as the patronage of foreign diplomats helped the venue produce $40.4 million in revenue past year.

The ethics disclosure also contained information on Trump's personal businesses.

Assuming revenue was spread evenly from month to month, it appears Trump's properties generated less in combined income in 2017 when compared to 2016.

When Trump took office, he refused to fully divest from his global business, instead moving his businesses into a revocable trust.

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