Cohen plead guilty to five counts of tax evasion, one count of making a false statement to a bank, one count of causing an unlawful corporate contribution, and one count of making an excessive campaign contribution. But in his statement to a federal court Tuesday, Cohen said the payment was made "for principal objective of influencing election" - a violation of federal campaign finance law.
A new crowdfunding campaign is looking to raise money for Cohen's legal fees as he continues his "commitment to tell the truth".
"If you FIGHT BACK or say anything bad about the Rigged Witch Hunt, they scream Obstruction!" They did not com out of campaign. In other news, Donald Trump has a campaign event in Charleston, West Virginia tonight at 7 EST.
Fox News Channel has sent out a very short snippet of Ainsley Earhardt's Fox & Friends sit-down with President Donald Trump, set to air Thursday morning. But they weren't - it's not, it's not even a campaign violation.
Under US election law, campaign contributions, defined as things of value given to a campaign to influence an election, must be disclosed.
Mr Trump has granted presidential pardons to conservative commentator Dinesh D'Souza and former Arizona sheriff Joe Arpaio but Mr Davis said his client would not accept a presidential pardon.
After first denying that he knew anything about the payments, Mr Trump earlier this year acknowledged that he reimbursed Mr Cohen for payments he made in late 2016 to Stormy Daniels, an adult-film actress whose real name is Stephanie Clifford. Trump noted that former President Barack Obama "had a big campaign finance violation and it was easily settled!"
But he also indicated that his former boss had directed him to break federal election laws.
"We can not comment on potential or ongoing investigations", Amy Spitalnik, a spokeswoman for the attorney general, said on Wednesday.
However, the amounts and the dates all lined up with the payments made to Daniels and "Playboy" Playmate Karen McDougal.
There has been speculation that Manafort, who has maintained his innocence, may be hoping for a presidential pardon as a reward for his loyalty.
Trump contrasted Cohen's actions with those of Manafort, whom he described as "such a fearless man".
While Manafort was found guilty on eight counts, the judge declared a mistrial on 10 other counts brought by prosecutors because the jury was unable to reach a verdict.
Sarah Sanders: I think that's a ridiculous accusation.
Both cases highlight the mounting legal problems Trump faces.
Manafort was charged with 18 counts of tax evasion, bank fraud and hiding foreign bank accounts in the first case Mueller brought to trial as part of the investigation into Russian interference in the 2016 USA election.