"He left out the Daniels-related debt in the financial disclosure report he filed on June 14, 2017. Disclosing it now means acknowledging that he should have disclosed it last year."
"He may already be in trouble for omitting his debt to Cohen from last year’s report. If that omission was knowing and willful, the president may have violated a law that comes with civil and criminal penalties — more than one law in fact. "
https://www.usatoday.com/story/opinion/2018/05/14/donald-trump-stormy-daniels-michael-cohen-financial-disclosure-column/605893002/