The law firm representing Michael Cohen is leaving the case, a possible sign that President Trump's personal attorney may flip and cooperate with federal prosecutors, according to a media report Wednesday.
Federal prosecutors in NY have publicly said they are investigating alleged fraud in Cohen's business dealings, but haven't disclosed details.
Cohen's move to switch lawyers is being interpreted by some legal observers as a sign he may be seeking to cooperate with federal prosecutors.
The New York Timesreported the law firm will stay with Cohen until the end of the week as his team reviews documents seized during an Federal Bureau of Investigation raid of Cohen's office and residence in April.
After FBI agents raided Cohen's office in April, Ryan and his NY partner, Todd Harrison, went to court to try to keep investigators from seeing some of the confiscated files on the grounds that they were protected by attorney client privilege.
On Wednesday, ABC News and other outlets reported that Cohen was expected to lose legal representation. Plus, a certain leader of the free world known as President Donald J. Trump is reportedly pretty anxious that if he says anything about this, Cohen will tell all, whatever that is.More news: Raptors assistant Nurse promoted to head coach
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"There's a lot of speculation about whether Mr. Cohen can pay Mr. Ryan's fees", the Fox Business correspondent continued. Cohen wants to hire a lawyer who has a relationship with the USA prosecutor's office in Manhattan, the source added.
Cohen - whose office, home, and hotel in NY were raided by FBI agents in April - is under investigation for wire fraud, bank fraud, and campaign finance violations.
Trump has repeatedly said there was no collusion, and Russian Federation has denied interference.
"Attorney-client privilege is dead", the president tweeted. "If anyone can blow up Trump, it's him".
Fox Business correspondent Charlie Gasparino reportedly that an attorney for Michael Cohen has "complained for some time" that legal bills are not being paid.