Michael Cohen, President Donald Trump's longtime personal attorney and fixer, is parting ways with his legal team as federal prosecutors in NY pursue a criminal investigation of him, according to a person familiar with the case.
He is also being investigated by the U.S. Attorney for the Southern District of NY, which the Post says is investigating him for potential wire fraud, bank fraud, and campaign finance law violations.
Federal prosecutors in NY have publicly said they are investigating alleged fraud in Cohen's business dealings, but haven't disclosed details.
The center of Cohen's troubles is a $130,000 hush-money payment that he facilitated to porn star Stormy Daniels, whose real name is Stephanie Clifford, just weeks before the 2016 presidential election to keep her quiet about her allegation of a 2006 affair with Trump. the Federal Bureau of Investigation sought documents related to that payment and other similar agreements with women during the April raids.
Mr. Trump, Cohen's client for years, bemoaned the raid of Cohen's records, declaring on Twitter the day after the raids, "Attorney-client privilege is dead!"
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Cohen's business is now under investigation in Manhattan, which includes the controversial $130,000 hush money payment made to porn star Stormy Daniels just before the 2016 presidential election.
Michael Cohen is most likely considering cooperating with federal prosecutors.
Daniels alleges an affair with Trump, which the president has denied. A federal judge has given Cohen's legal team a June 15 deadline to review materials for attorney-client privilege.
President Donald Trump's attorney Michael Cohen, center, arrives at federal court in Manhattan on Thursday, April 26, 2018, with his attorney Todd Harrison, left and attorney Stephen Ryan, right. A source told CNN that Cohen hadn't met with prosecutors to try to cut a deal and that it was unclear whether he was trying to turn on Trump.
Cohen has been under a criminal investigation - separate from the special counsel probe - for months. But not good news for Team Trump.
'A signature block means nothing, ' Avenatti responded, 'and you have no evidence the firm ever represented Ms. Clifford'.