An adviser to Donald Trump told The Daily Caller on Tuesday that speculation that the real estate mogul’s “very big” revelation about President Barack Obama expected this week has to do with college-era allegations involving cocaine is not true.

“Mr. Trump’s announcement is substantially more important to the American people than these allegations made against the president,” Michael Cohen, special counsel to Trump, told TheDC by phone on Tuesday.

RadarOnline reported Tuesday that a man claiming to be a college friend of Obama’s is trying to spread the allegation that the president sold cocaine while in college. The publication played up the story with the headline: “Trumped-Up Charges?” The president has admitted to using drugs in his younger days.

On Monday, Trump teased an “October surprise” about Obama that he says he plans to announce on Wednesday. He is staying mum, telling followers on Twitter to “just wait and see.”

Everybody is asking about my announcement this Wednesday concerning Barack Obama—just wait and see! — Donald J. Trump (@realDonaldTrump) October 22, 2012

Appearing on Fox News Channel on Monday, Trump said the revelation is “something very, very big” and could “possibly” have a major impact on the election.

The RadarOnline report claims the man is willing to go on the record for the story and can provide multiple sources to back up his claim that Obama sold cocaine. The online publication also claims the man tried to give the story to Mitt Romney’s campaign, but that the campaign was not interested.

“They don’t want their candidate smeared with this type of activity,” a source said, according to RadarOnline.

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