Ex-Watergate prosecutor: Immunity for CFO could lead to 'downfall' of Trump Organization

A former Watergate prosecutor said Friday that the longtime chief financial officer of the Trump Organization receiving immunity could lead to the "downfall of the Trump Organization."

Assistant Watergate special prosecutor Jill Wine-Banks made the comments on MSNBC just hours after reports broke that Allen Weisselberg was granted immunity as part of federal prosecutors' investigation into Trump's former personal lawyer, Michael Cohen. 

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"With Weisselberg, there could be so many more crimes uncovered," Wine-Banks said. "And if he’s smart, he ought to get it all out now while he has immunity, and that could really lead to the downfall of the Trump Organization.”

Her comments come during a week in which the president has faced major legal setbacks.

On Tuesday, Cohen pleaded guilty to eight federal charges, including violating campaign finance law. In his plea, he said that he arranged payments to two women, one an adult-film actress and the second a former Playboy model, at Trump's direction “for the principal purpose of influencing the election."

Prosecutors in Manhattan are considering criminal charges against the Trump Organization over the company's accounting of Cohen’s payment to adult-film actress Stormy Daniels, according to The New York Times.

Federal prosecutors have also claimed that the reimbursements came in the form of sham legal invoices.

Wine-Banks said that the report about sham invoices could be proof that the Trump Organization is guilty of a crime, adding that it has analogue to the Watergate investigation. 

“So I would say there’s a couple of Watergate analogies, which is ‘What did the president know and when did he know it?' Which is a question,” she said. 

The terms of Weisselberg's immunity deal with federal prosecutors are not publicly known, nor is what he has discussed with the prosecutors.

Former prosecutors have told The Hill that he could discuss the inner workings of the Trump Organization, and that his statements may have been used to secure Cohen's guilty plea to several charges last week.