His debts look largely the same as last year—with one glaring exception: Trump has now disclosed that he did indeed reimburse Michael Cohen, who paid off porn star Stormy Daniels. Mr. Cohen sought reimbursement of those expenses and Mr. Trump fully reimbursed Mr. Cohen in 2017. The category of value would be $100,001 - $250,000 and the interest rate would be zero.”Since news broke in early May that Donald Trump reimbursed Cohen, ethics watchdogs have called on Trump to report the debt he owed Cohen on his personal financial disclosure. Giuliani told The New York Times that Trump reimbursed Cohen in monthly $35,000 installments, beginning after the election, for that payment and other “incidental expenses.” That would mean that Trump owed Cohen more than $10,000 for at least part of the year. Why Trump did not disclose the money he owed Cohen on last year’s form, which covered January 2016 through mid-April 2017, remains on unclear.

Source: Forbes May 16, 2018 19:07 UTC