According to sources with knowledge of the case, President Donald Trump’s attorney, Michael Cohen, could be facing charges of bank fraud and wire fraud, and campaign finance violations. These possible charges were the reason search warrants were served against Cohen, resulting in seizures from his home, office, and hotel room.
Taken during the raids were Cohen’s phone, computers, and personal financial records including his tax returns. Included in those financial records was information related to payments to Stormy Daniels, which were made in 2016 by Cohen, probably as hush money to keep information about her affair with Donald Trump from reaching the public.
Per The Washington Post,
“One person familiar with the probe said investigators have been gathering material on Cohen for weeks, including his bank records.
Two of the potential crimes being investigated — bank fraud and wire fraud — suggest prosecutors have some reason to think Cohen may have misled bankers about why he was using particular funds or may have improperly used banks in the transfer of funds.”
Cohen has admitted that he made a $130,000 payment to Daniels in October 2016. The attorney maintains that the funds for the payment came from a home equity line of credit, and that neither the Trump Campaign nor the the Trump Organization reimbursed him for that payment. The president denies any knowledge of Cohen’s payment to Daniels, and Cohen has refused to state why he made such a large payment to Daniels.
Given Cohen’s inside knowledge about President Trump, and Trump’s personal and professional dealings, Trump really has to be feeling the pressure after this.