Michael Cohen 'likely to cooperate'

Cohen, now with no legal representation, is likely to cooperate with federal prosecutors in NY, sources said.

"Trump should be super anxious about Michael Cohen", the ex-official told Vanity Fair, which first reported Cohen's potential arrest. (Reached for comment, Cohen wrote in a text message, "Your alleged source is wrong!") The specter of Cohen flipping has Trump advisers on edge. What he'd do if his loyalty were tested was always an important question, because of the assumption - shared by both the president's critics and his defenders - that if Cohen flipped on President Trump, he could do some real damage.

With Trump feeling his power from the worldwide incidents of the past week, those around him are all very anxious about how he's going to react. Trump and his company, the Trump Organization, quickly joined in the suit. NBC News' Katy Tur also reported that Cohen expected to be arrested soon.

The Wall Street Journal reported that Cohen is seeking a lawyer with close ties to the US Attorney's Office for the Southern District of NY.

Under deep financial pressure, Cohen plans to hire a new lawyer for the next phase of the probe, the person said.

When Cohen wasn't getting Trump's mistresses to sign Nondisclosure Agreements, he was doing stuff like making sure Trump's development projects didn't have issues with unions and organized crime, and trying to facilitate development deals in Russian Federation, which is what Robert Mueller is really interested in. There's also speculation that maybe Mr. Cohen needs a different type of lawyer. "I do not believe he is going to tell a falsehood". It's ruining my children's lives.

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Cohen has not yet been contacted by the prosecutors who are conducting the inquiry, said two people briefed on the case.

Sources close to Cohen have told reporters that now that document production is nearly complete, he will need a criminal defense attorney in NY; his current lawyer, Stephen Ryan, works out of Washington.

According to ABC News, a source said McDermott, Will & Emery LLP was no longer representing Cohen and that replacement counsel had not been announced.

In a tweet following the Fox Business segment, Gasparino revealed that Ryan has complained about Cohen's failure to pay legal fees.

Cohen is Trump's former personal attorney and fixer. In a late May hearing, Wood ordered Cohen's team to complete that review by Friday. As one report described it, "Of the 291,770 electronic files contained on two of Mr. Cohen's cellphones and on one of his iPads, 148 are privileged and will be withheld if the judge approves". Indeed, it appears that all the lawyers involved in this process have been sharing information, giving Trump a window into the case he would not otherwise have. "We will do our talking in court", his attorneys said. The man can't even leave a penny on the sidewalk. He has repeatedly vowed not to turn on his longtime boss, President Trump.

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