President Trump’s financial disclosure, released on Wednesday, revealed for the first time that he paid between $100,001 and $250,000. to his personal attorney, Michael D. Cohen, as reimbursement for payment to a third-party i.e. Stormy Daniels, though the purpose of the payment was not specified. A footnote in the disclosure said that Mr. Cohen had requested reimbursement of the expenses incurred in 2016 and Mr. Trump had repaid it in full in 2017.
The disclosure also proved Rudy Giuliani was talking out his ass, as he had said previously that Mr. Cohen was paid $460,000 or $470,000 from Mr. Trump. The disclosure also provides the first extended look at Trump’s Washington hotel, which is one of his best performing properties, and the disclosure listed revenues of $40.4 million. Trump’s Mar-a-Lago resort in Florida, which has become known as the Winter White House, saw revenues of $25.1 million, down from last year’s filing amount of $37.3 million.
Other properties have not fared as well and there are broader signs that the business is retreating somewhat during the first part of Trump’s presidency and his company has been stymied by some of the new ethics restrictions it voluntarily adopted after the election, which includes not pursuing new deals in foreign countries and subjecting all new domestic projects to vetting from an outside ethics adviser.
However, other reporting indicates that Chinese state enterprises will provide $500 million in loans to a development project in Indonesia that will include Trump-branded hotels, residences and golf courses. The project, part of China’s Belt and Road plan for infrastructure spending, stands to funnel millions of dollars into the Trump Organization, the president’s private business.
For more: NY Times