Michael Cohen looking at 30 years in prison for felony bank fraud- Plus more (Details)

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Michael Cohen, Trump’s longtime personal attorney, is now confirmed as being under investigation for several crimes. Those crimes include wire fraud, campaign finance violations, and bank fraud.



According to Politico, investigators are looking at a $130,000 home equity line of credit that was used to pay a hush agreement with Stormy Daniels.

If Cohen told the bank that the money was being used for something other than a hush agreement, which is most likely, then this would amount to bank fraud. This is a felony that’s punishable by up to 30 years in prison.

Since the payment is also likely in violation of campaign finance laws, this would constitute a separate felony that’s punishable by another five years in prison.

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Along with information related to the bank loan and payoff, investigators also seized a ton of other information that could implicate Cohen and the President himself. Agents took his phone, bank records, and his personal laptop.

Trump likely believed that he had attorney-client privilege in the matter, but this is not true if the attorney and client are involved in crimes together. In order for a warrant to be issued that breaks that privilege, prosecutors and the judge must have had compelling evidence to sign off.

In response, on early Tuesday, Trump rage tweeted that “attorney-client privilege is dead!” He also tweeted that this is “a total witch hunt!!!”

 



https://twitter.com/realDonaldTrump/status/983662953894436864

During a phone interview, Cohen told CNN that he was ‘unhappy’ that his office and personal residence were raided. Don Lemon asked him if he was worried about the outcome and Cohen replied that he “would be lying” if he said he wasn’t.

“Do I need this in my life? No,” Cohen said. “Do I want to be involved in this? No.”

 

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