Trump Organization CFO Allen Weisselberg reportedly granted immunity

Trump Complained About “Flipping” this Morning A Few Hours Later His Longtime Ally Reportedly Flipped On Him

President Trump's former attorney Michael Cohen pleads guilty to campaign finance violation as the Trump Organization CFO and National Enquirer boss land immunity deals; reaction from Corey Lewandowski, former Trump campaign manager and senior strategist for the Great America Committee.

In addition to the two counts of violating campaign finance laws, Cohen also has pled guilty to six counts of fraud.

The Times report notes that the Manhattan DA's inquiry is still in its early stages, and prosecutors have not yet decided whether they will proceed.

An attorney for Cohen didn't immediately respond to a request for comment.

What's next for president Donald Trump?

On the tape, recorded two months before the 2016 presidential election, Cohen mentions that he has spoken to Weisselberg about setting up a corporation to process the payment.

And White House press secretary Sarah Sanders said repeatedly at her briefing last Wednesday that the president "did nothing wrong" and there 'are no charges against him'.

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Other major dominoes have fallen since, as National Enquirer CEO David Pecker and Weisselberg have both received immunity for useful information on these on payments.

That quote from a Trump friend comes in response to a Wall Street Journal report that landed a few hours after Trump ranted on Fox & Friends about how "flipping" in criminal cases "almost oughta be outlawed".

Trump claimed his former lawyer "made the deals", and insisted that Cohen's actions were "not a crime", while going on to claim that "campaign violations are considered not a big deal, frankly". Davis began striking back at the White House and lobbed a clear warning shot at the president when he released a secret recording of a conversation in which Trump appears to have knowledge about hush-money payments to former Playboy model Karen McDougal, who also alleged an affair with the developer.

Prosecutors said that Mr Cohen had been reimbursed for his role in the payments through a $35,000 monthly retainer arranged by executives at the Trump Organisation. In the fall of 2016, weeks before the election, Cohen had set up a limited liability company in DE to hide the deal he made to silence the pornographic film actress Stormy Daniels about an affair she said she had with Trump. As Business Insider's senior politics reporter Allan Smith wrote this week, observers pointed to Allen Weisselberg, the Trump Organization's chief financial officer, as likely to be one of the two.

Trump's stewardship of the economy has been a rare bright spot in an administration that has otherwise lurched from crisis to scandal, bleeding staff as it goes.

The response sparked new speculation that Trump might fire Sessions, although some senior Republican lawmakers offered the attorney general support. The money covered the $130,000 payment to Daniels plus costs and fees, a bonus for Cohen, and money to cover his tax liability.

"It means that Individual-1 needs a real lawyer", he said.