Trump discloses Dollars 250000 reimbursement to Cohen

Credit Bloomberg News  Victor J. Blue				Michael Cohen personal lawyer to President Donald Trump exits from Federal Court in New York

President Donald Trump reported having paid his personal attorney Michael Cohen more than $100,000 as a reimbursement for a payment made to a third party, documents released on Wednesday confirmed.

The announcement comes after Novartis was dragged into the scandal over Cohen's payment of $130,000 to USA porn actress Stormy Daniels just days before the 2016 presidential election.

Swiss pharmaceutical giant Novartis Wednesday announced the retirement of its top legal expert over the $1.2 million in payments to Cohen, while AT&T has said it made a "big mistake" by paying the lawyer some $600,000.

The disclosure came in his annual financial disclosure report to the Office of Government Ethics. "It appears that these funds may have replenished the account following the payment to Ms. Clifford", read a summary of findings from Avenatti and Associates. Mr Trump's lawyer said his client "vehemently denies" the claim. Giuliani has discussed the debt in TV appearances and told The Washington Post Trump owed Cohen $250,000.

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The lawyer did say that he expects that the financial dealings related to these women could "create additional exposure" for the president considering they might have been improperly reported at the time.

Stormy Daniels is suing to be released from the hush agreement reached with Cohen, claiming it is invalid because Trump never signed it.

Cohen's attorney, Steve Ryan, refused to discuss the $500,000 deposit when requested to do so by The Atlantic, but insisted it "wasn't a payment".

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"OGE has determined that the information provided in that note meets the disclosure requirements for a reportable liability under the Ethics in Government Act", Apol wrote. The value of the payment ranged from $100,001 to $250,000.

A liberal-leaning watchdog group, Citizens for Responsibility and Ethics in Washington, filed a complaint in March requesting an investigation into the payment and whether Trump broke the law by failing to disclose it previous year.

The letter by the office to Deputy Attorney General Rod Rosenstein said that Trump's financial disclosure reports were being provided "because you may find the disclosure relevant to any inquiry you may be pursuing regarding the president's prior report", which was filed in June 2017. Giuliani also took issue with whether the reimbursement, which he said had been paid through a 12-installment retainer to Cohen, "even had to be disclosed" at all.

The White House stated in a footnote to the filing that it was listing the payment "in the interest of transparency", and contended it did not have to make the disclosure.

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The hush-money payment to Daniels is reportedly a focus of a federal investigation into Cohen's private finances and business interests.

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