The latest on the raid of Michael Cohen's office, hotel room and home

President Donald Trump's personal attorney Michael Cohen says he's rethinking how he handled a $130,000 payment to porn actress Stormy Daniels.
4:27 | 04/10/18

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Transcript for The latest on the raid of Michael Cohen's office, hotel room and home
Meantime learning more tonight about that raid on the president's personal attorney and the moment the FBI showed up at his door. Michael cone himself describing to ABC news how it went down. Here's ABC's Kara Phillips. Tonight the president's longtime personal attorney Michael Cohen is now at the center of the storm his office his hotel room his home. All rated ABC news has learned it began at 7:30 Monday morning. Cohen was inside the new York city hotel room where re staying. When FBI agents suddenly showed up at the door calling telling ABC news the FBI agents didn't storm in. That they simply knocked on the door. No swat teams no guns drawn he described the operation as respectful. And courteous. But it was clear the FBI agents were there for a reason. Because this was a very rare move to raid someone's personal lawyer. And in this case the president's. Seizing electronic devices phones and financial documents dating back to 2013. Tonight a source who saw the search warrant. Telling ABC news Cohen is being investigated for possible bank and wire fraud. After that 130000. Dollar payment to porn star stormy Daniels. Paying for her silence just eleven days before the election. Daniels claims she had an affair with the president in 2006. It was entirely consent oh yes. Something the White House has denied just five days ago the president broke his public silence on Daniels. Saying he didn't know anything about Michael Collins payment to her. Cohen has said he came up with the money using a home equity line of credit. And he claims he didn't inform his own client the future president. Investigators are tracing his steps how the money was transferred to a shell company. And then to an attorney in Beverly Hills critics argue Cohen might have also broken campaign finance law. That the 130000. Dollars was in essence a campaign contribution. Aimed at helping trump win. A contribution and never disclosed. And tonight the New York Times is also reporting the FBI was hunting for something else. Documents related to that payment to another woman former Playboy model Cary McDougal. Who claims she also had an affair with mr. trump. She was paid by The National Enquirer for her story that was never pregnant. What's known as catching kill their real areas between the two of us that just myself not just how that. There was a rare relationship there ABC news has learned Monday's raids took place after special counsel Robert Mueller. Uncovered information about potentially criminal conduct but because it was not about Russia. He alerted acting attorney general rod rose in Stein. Who then alerted the US attorney's office in the southern district of New York. Who looked at the same material and decided they needed to acts and quickly. Tonight the White House when pressed would not say if Cohen still works for the president. I'm not sure either free Michael. And Keira Phillips is with us here tonight in cure you pointed out there how rare this is to rate in attorney's office let alone the president's. What drove this the fact that they showed up at his office at his home and even the hotel room where he was staying. Pretty clear that investigators are concerned that evidence could be destroyed in the meantime cure you saw the president tweet today he tweeted that attorney client privilege is dead. Look they can only go win and search for what they're looking for Cohen's activity. Everything else is protected however if they come across evidence that Michael Cohen and the president of the United States were conspiring and something else. That could be fair game right ABC's Kara Philips with us here tonight Kara joining the team and it's great to have you straight to be here.

This transcript has been automatically generated and may not be 100% accurate.

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