Published: Thu, May 17, 2018
Business | By Pearl Harrison

Donald Trump won't be indicted by Mueller probe; Giuliani

Donald Trump won't be indicted by Mueller probe; Giuliani

The head of the nation's ethics office is questioning why President Donald Trump didn't disclose a year ago that he owed personal attorney Michael Cohen as much as $250,000 for unspecified "expenses".

This year's financial disclosure form also includes revenue from Trump's golf resorts, the Trump Hotel in Washington, D.C., and a $65,000 annual pension from the Screen Actors Guild for his work as a reality television show host.

Then, earlier this month, Trump's new attorney, former New York Mayor Rudy Giuliani, told Fox News' Sean Hannity that the president had reimbursed Cohen. "Mr. Trump's disclosure today conclusively proves that the American people were deceived by Mr. Cohen, Mr. Trump, Mr. Schwartz, the WH, and Mr. Giuliani", Avenatti said.

"All they get to do is write a report", Mr Giuliani, a former NY mayor who joined Mr Trump's personal legal team in April, was quoted as saying. The form listed a range of $100,001 to $250,000 in the "category of value" for the reimbursement. Government ethics experts have waited with bated breath to see if the president's financial disclosure forms would address the alleged reimbursement, and now it appears they do.

A recent Bloomberg article stated that Novartis had made approximately $1.2 billion Dollars in payments to Cohen in an agreement signed by Ehrat and Novartis former-CEO, Joe Jimenez. There is no chance that the Republican-controlled Congress would impeach Trump for possibly trying to hide his Daniels-related debt to Cohen. "And I think it - that the OGE, the Office of Government Ethics, basically agreed with us that it had been fully disclosed".

Ms Daniels claims of hush money were originally denied by Mr Trump. His disclosure now suggests Trump repaid Cohen a year ago.

In a separate but related story, the Post reported Wednesday night that Federal Bureau of Investigation agents have questioned a translator Cohen worked with in connection with payments he received from the company Korea Aerospace Industries.

Federal law requires liabilities that exceed $10,000 to be reported even if those debts were repaid that year.

On May 2, Rudy Giuliani, the former NY mayor who joined Trump's personal legal team in April, said that Trump had reimbursed Cohen for the payment. Cohen initially said the payment was made exclusively by him, and was covered by a home equity line to cover the cost.

Trump resigned as director of the two Irish companies that own and operate the resort before he was sworn in a president. The report shows he took in $75 million from his Miami golf course and resort previous year, $25 million at his Mar-a-Lago resort in Florida and $15 million from his golf club in Bedminster, New Jersey.

Trump's financial submission also gives a look at just at how much his business empire generates for him. Mr Trump can take back control of the trust at any time, and he is allowed to withdraw cash from it as he pleases.

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