The president’s attorney, former New York mayor Rudy Giuliani, has said he is not concerned about Cohen cooperating with investigators because the president “did nothing wrong.”
Prosecutors had been eyeing Cohen’s business dealings for months, and in April seized thousands of items from Cohen’s New York office and hotel room. The New York Times reported Sunday that federal authorities were looking into $20 million in loans for taxi businesses owned by Cohen and his family.
Prosecutors were also looking into a $130,000 hush-money payment Cohen facilitated to porn star Stormy Daniels just a few weeks before the November presidential election.
Daniels, whose real name is Stephanie Clifford, is suing Trump and Cohen to void the non-disclosure agreement that bars her from discussing an alleged affair she had with Trump.
A spokesperson for Cohen’s lawyer Lanny Davis declined a request for comment from CNBC.
Neither the White House nor a spokesman for U.S. Attorney’s Office for the Southern District of New York immediately responded to a request for comment from CNBC.
A hearing related to the Cohen case is scheduled to take place at a courthouse in lower Manhattan for 4 p.m. Tuesday. Deputy U.S. Attorney Robert Khuzami will speak at the courthouse entrance following the hearing.
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