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Mind on the panel agrees. do you agree with that, michael? >> yes. in fact i think that what rudy giuliani did, whether he did it in coordination with the president or some think i thought he was freelancing and now they're trying to in retrospect describe to the american people what happened yesterday and today, i think exactly as harry says. that this makes the president of the united states, then candidate trump, an accessory to the campaign finance violation. and depending on the facts and depending on the timing of the repayment it may well be that it's a willful violation, which would ma...

Contribution. in excess of $2,700 limit. few possible violations in play. we think there's enough evidence to warrant investigation into all of them. we think it's highly likely at a minimum there's a reporting violation. >> so michael cohen provided a statement to cnn tonight. he says the common cause the attorney supposedly did the payment and set up the all that. the complaint is baseless along with the allegation that president trump filed a false report to the fec. now paul, when my producer asked why it was baseless he said he would explain in due time. what do you think of that? >> he s...

Came from? we know michael cohen, the attorney, set up this fictitious account in delaware with fictitious names to it avoid seeing where it came from, but how important is it to find out for the campaign finance laws to find out where that money came from? >> it's very important. what you would have is a reporting violation. if it came from donald trump himself, then it should be reported as an in-kind contribution from the campaign and an expenditure should be reported. if it came from an individual, then you have a contribution. if it's from his corporation, it's a prohibitive contribution....

That's violation number one we're alleging. the second part is if the money didn't come from president trump's own pocket, if it came from the trump organization, for example, or from some other organization, that adds on another count. we're talking about an illegal contribution. illegal corporate contribution to the campaign or if it was from an individual, an illegally excessive contribution in excess of the $2,700 limit. a few possible violations in %-pe to warrant investigation into all of them. we think it's highly likely at a minimum that there was a reporting violation. >> michael cohe...