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The president of the united states. these are rarely criminal matters but they can be a crime. the issue is not how serious is this crime to prosecute, the issue is, the council has come as close as you could get to accusing the president of a conspiracy to commit a crime. >> we know often these election violations go nowhere, they are a slap on the wrist or a fine or you make it right. what do you think happens in this case? >> before coming to the white house, i spent six years in new york is a federal prosecutor, and i've written a lot of sentencing memos and read a lot of sentencing memos....

Meantime, president trump's long time attorney and so-called fixer michael cohen could be the next person in the president's inner circle to face criminal charges. cnn learned federal prosecutors in new york are preparing criminal charges against michael cohen and that an announcement could come, could come within days. cohen is being investigated for possible bank and tax fraud as well as possible election violations that stem from a six figure payment to stormy daniels. welcome to the panel. lets he start with your panel. what do you know. >> the clock is ticking. we have always known the fe...

Cohen's evidence or mueller's team looking at much more serious charges, they go to work every day no matter what rudy giuliani says on tv. >> let me ask about wire fraud. the idea that maybe prosecuters are thinking about something that's a little more serious than an election violation. part of the thing i think people don't know a lot about election violations, because they don't tend to be high profile. there's a sense that election stuff is not as serious. wire fraud is serious. >> well, they're both serious. a criminal charge that involved raiding the office of the president of the unite...

Raided the president's personal attorney's home, hotel and office were also looking for this. documents related to that tape. sources telling us the search warrant involves looking for evidence of potential election violations. and michael cohen's personal finances. was money spent, were there secret deals being made outside the campaign to protect donald trump? questions already raised with the payment to porn star stormy daniels, hush money days before the election. and "the national enquirer" paying for karen mcdougal's story to kill it. but tonight, abc news has learned investigators want ...

Likelihood that michael cohen will be charged is high. >> what do you think he will be charged with? >> election violations, payment of money so close to the election to be an influencer of the outcome of that election. >> the other charges would be bank fraud, wire fraud. was the bank told the truth, the purpose for obtaining these funds. if the bank was not, if they are misrepresentations there's potential bank frauds. >> reporter: if he is charge,ed, president trump could be charged in legal jeopardy in cohen's case if investigators found communication that trump knew about the payments to ...