Michael Cohen

NYT: Manhattan prosecutors subpoena Trump tax returns

Photo: Drew Angerer/Getty Images

The office of Manhattan District Attorney Cyrus Vance has subpoenaed 8 years of President Trump's "personal and corporate tax returns" as part of its investigation into hush money payments made to Stormy Daniels during the 2016 election, the New York Times reports.

The big picture: A federal investigation into the payments resulted in Trump's former personal lawyer Michael Cohen pleading guilty to campaign finance violations, and it "effectively concluded" in July with no further charges. Vance's office opened a new investigation last month into whether the Trump Organization falsely listed its reimbursement of Cohen for the $130,000 payment to Daniels as a legal expense, which would be illegal under New York law.

Eric Holder: Trump could face prosecution after leaving office

Eric Holder, former U.S. Attorney General, at the National Action Network (NAN) convention in New York City.
Eric Holder. Photo: Michael Brochstein/SOPA Images/LightRocket via Getty Images

Former Attorney General Eric Holder told CNN Saturday that President Trump could face prosecution once he leaves office for allegedly breaking campaign finance laws. But he warned there's a "potential cost to the nation by putting on trial a former president."

Details: Holder told CNN political commentator David Axelrod, a former senior adviser to President Obama, that there was an indictment in the Southern District of New York concerning former Trump lawyer Michael Cohen's guilty plea to campaign finance violations and other charges, which saw him sentenced to 3 years in prison.