Michael Cohen

Federal prosecutors are investigating the Trump organization

Michael Cohen
Michael Cohen. Photo: Yana Paskova/Getty Images

Federal prosecutors in Manhattan are looking into whether anyone in the Trump Organization violated campaign-finance laws in an effort to follow up on the conviction of Michael Cohen, Bloomberg reports.

Why it matters: The inquiry into the Trump Organization shows that the U.S. attorney's office is not satisfied with Cohen's guilty plea and believe there may be others complicit in Cohen's violations, including President Trump himself.

Cohen moves to tear up $130,000 "hush agreement" with Stormy Daniels

Michael Cohen.
Photo: Yana Paskova/Getty Images)

Essential Consultants, the shell company owned by Michael Cohen, filed a status report on Friday "agreeing to tear up" the $130,000 hush money deal it made with Stormy Daniels, CNN reports.

Why it matters: Daniels may have to pay that money back, according to CNN. Her lawyer, Michael Avenatti, heard of the news moments before a CNN interview and said his first guess is that "they don't want me to get a chance to depose Michael Cohen and Donald Trump. This is a hail Mary to try and avoid that." He later said that Daniels will only pay back the $130,000 if Cohen and Trump are allowed to be deposed and the court rules in her favor, per CNN.