Trump submits financial disclosure; release expected soon

US President Donald Trump and adult film actress and director Stormy Daniels

US President Donald Trump repaid his lawyer Michael Cohen over $100,000 for expenses that Cohen incurred during the 2016 presidential election, according to a financial disclosure form released on Wednesday.

While the disclosure didn't specify the goal of the payment, Cohen has said he paid $130,000 to Daniels in the weeks before the 2016 presidential election to keep her from going public about her allegations that she had sex with the married Trump in 2006.

The $500,000 was deposited into the First Republic Bank account within 75 days of the payment to Daniels, whose legal name is Stephanie Clifford, Avenatti said Tuesday, and may have been used to cover the costs of preventing Daniels from talking about an alleged affair with President Donald Trump in 2006.

Mr Trump's claim began to unravel early this month, however, when Rudy Giuliani, a new member of the president's legal team, said the president in fact reimbursed Mr Cohen for the payments to Ms Daniels.

The latest ethics disclosure did not describe the objective or the recipient of the original 2016 payment to a "third party" made by Cohen, for which he was reimbursed by Trump. Consistent with similar disclosures, Trump reported that the payments were in a broad range of $100,000 to $250,000.

"We have people coming into the country, or trying to come in - we're stopping a lot of them", Trump said in the Cabinet Room. The "law-enforcement official" said they decided to make that document public because it appeared two similar reports were missing from a government database, and they feared they were being hidden from law enforcement.

Trump's Mar-a-Lago resort in Florida, which the president frequents in the winter months, saw revenues of $25.1 million.

"Mr Cohen sought reimbursement of those expenses and Mr Trump fully reimbursed Mr Cohen in 2017", it said.

Personal gifts disclosed by Trump include golf-related items from two professional golfers: a golf bag and clubs worth $1,150 from Kevin Streelman and $750 clubs from Bryson Dechambeau.

The meeting between Cohen and al-Rumaihi happened around the same time as a meeting between Qatari foreign minister Mohammed bin Abdulrahman Al Thani and former national security adviser Michael Flynn at Trump Tower, sources told The Post. OGE has concluded that, based on the information provided as a note to part 8, the payment made by Mr. Cohen is required to be reported as a liability.

Trump's filing states that the president was not required to disclose Cohen's expenses, but was doing so in the interest of transparency.

The Trump Organisation referred questions about the disclosure report to the president's lawyer Sheri Dillon of Morgan, Lewis & Bockius.

At least an additional $1.1 million came from operations in the Philippines and Istanbul and at least $558,000 from Panama, where the Trump family had a branded condo and hotel complex, which was renamed earlier this year after a dispute with condo owners.

Other properties have not fared as well, including Trump National Doral, a golf resort near Miami, which is Trump's biggest cash flow generator. Mr. Trump also owes Ladder Capital at least $110 million. Instead, he put his assets in a trust controlled by his two adult sons and a senior executive.

His report shows that Mr Trump received $64,840 from the Screen Actors Guild pension fund.

Though it was published three decades ago, his book The Art of The Deal previous year generated as much as $1 million.

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