BREAKING: New Details Emerge About Why Cohen Is Being Investigated

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On Monday, the FBI raided the home and office of President Donald Trump's longtime personal lawyer Michael Cohen, taking his computer, phone, and personal finance records.

Sources familiar with the raid told The Washington Post that Cohen "is under federal investigation for possible bank fraud, wire fraud, and campaign finance violations."

Mention of a possible investigation into alleged bank fraud also appeared in The New York Times initial report, which stated:

Federal prosecutors in Manhattan are investigating Mr. Cohen for possible bank fraud, and the documents identified in the warrant date back years, according to a person briefed on the search.

The prosecutors obtained the search warrant after receiving a referral from the special counsel, Robert S. Mueller III, according to Mr. Cohen’s lawyer, who called the search “completely inappropriate and unnecessary.” The search does not appear to be directly related to Mr. Mueller’s investigation, but most likely resulted from information that he had uncovered and gave to prosecutors in New York.

President Trump responded to the raid by calling it a "disgrace" and an attack on the United States as he noted the high-level of political bias that is present on special counsel Robert Mueller's team.

Stephen Ryan, Cohen's lawyer, responded to the raid by calling it completely unnecessary as he noted that his client has fully cooperated with authorities and turned over thousands of documents to congressional investigators involved in the Russia investigation.

“Today the U.S. attorney’s office for the Southern District of New York executed a series of search warrants and seized the privileged communications between my client, Michael Cohen, and his clients,” said Ryan. “I have been advised by federal prosecutors that the New York action is, in part, a referral by the office of special counsel, Robert Mueller.”

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