Trump faulted for failing to disclose payment to Stormy Daniels

President Donald Trump listens to a question during a meeting with Uzbek President Shavkat Mirziyoyev in the Oval Office of the White House Wednesday

Trump faulted for failing to disclose payment to Stormy Daniels

Cohen set up the shell company, Essential Consultants LLC, in October 2016 to facilitate a payment of $130,000 to the adult-film star, Stormy Daniels, who claimed she had an affair with Trump a decade prior.

Rudy Giuliani, one of Trump's current lawyers, told Fox News Channel that the repayment did not have "to be disclosed at all because I think it was an expenditure that he reimbursed".

Trump's representatives said in the document that revealing the payments made to Cohen was not necessary by law, instead saying they were listing them "in the interest of transparency".

A footnote to disclosures submitted Tuesday to the Office of Government Ethics said Cohen had incurred "expenses" on Trump's behalf in 2016 of between $100,001 and $250,000.

In his testimony released Wednesday, Trump Jr said he did not tell his father ahead of time about the 2016 meeting at Trump Tower, also attended by the Republican candidate's campaign manager Paul Manafort and son-in-law Jared Kushner.

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

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. We've recently learned Cohen was subsequently reimbursed by Trump. Cohen's attorney Stephen Ryan did not immediately respond to a request for comment from Reuters on the reports.

In his financial discloser form, Trump has listed assets of at least Dollars 1.4 billion and income of more than USD 452 million.

The Mar-a-Lago resort, where the president frequently escaped for winter weekends, collected more than $25 million last year, down from $37 million from last year's report.

But Giuliani said in early May that the president had indeed repaid Cohen.

His Washington, D.C., hotel near the Oval Office, a magnet for diplomats and lobbyists, took in $40 million.

Other properties have not fared as well, including Trump National Doral, a golf resort near Miami, which is Trump's biggest cash flow generator.

Trump has at least $315 million in debt, about the same as he reported a year ago.

The debt figures are given in broad ranges in the report and capped at $50 million, so it's unclear just how much Trump actually owes. He said he had not been reimbursed by Trump's company or Trump's campaign.

Before taking office, Trump said he shifted day-to-day control of his business to his sons, primarily Eric Trump.

The owners of struggling hotels in Toronto and NY have paid the Trumps millions of dollars to remove their name from the properties after the election. And a man who worked as a translator for Cohen and a South Korean aerospace firm that paid Cohen's company $150,000 previous year told the Washington Post that he was contacted by FBI agents - suggesting that either Mueller's team or other federal investigators are examining his contract with Korea Aerospace Industries.

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