Michael Cohen Net Worth: GoFundMe For Legal Fees Payment Seeks $500K

A GoFundMe page set to pay for the legal fees of President Donald Trump's former lawyer, Michael Cohen, has received more than $133,000 of its targeted $500,000 in just two days. Cohen, who has pleaded guilty to tax fraud and campaign finance violations, has a net worth of $20 million.

Called as the "truth fund" by Lanny Davis, the public face of Cohen's legal team, the money will help "Cohen and his family as he goes forward on his journey to tell the truth about Donald Trump."

On Wednesday, Davis appeared on MSNBC’s "Morning Joe" and the "Today Show" urging viewers to donate to Cohen. Davis said on the shows that Cohen has valuable information to provide special counsel Robert Mueller, who is investigating possible links between Trump's presidential campaign and Russia. He added that Cohen's plea deal directly implicates Trump.

"Michael Cohen is going to be telling the truth to whoever asks him," Davis said on "Morning Joe," adding, "there are some issues that I think would be of interest."

He also said Cohen and his family are "suffering" and the crowdfunding could help them in the fight.

"We ask everybody who is interested in Michael being able to tell the truth to help him out," Davis said.

More than 2,000 people contributed to the fund in just a day since the campaign started Tuesday. Several pranksters also used fake names to donate to the fund, with some of the names including Melania Trump, Sarah Huckabee Sanders, Stormy Daniels, and Vladimir Putin.

Under oath on Tuesday, Cohen confessed to two crimes that he said he committed at the behest of the president of the United States.

Cohen told the court that Trump directed him to arrange payments during the 2016 campaign to two women who alleged they had sexual encounters with the 72-year-old. The campaign finance charges against Cohen came from payments he made to adult film star Stormy Daniels and to former Playboy model Karen McDougal.

Trump denied these accusations and responded to Cohen's plea deal in a series of tweets.

Last month, Cohen’s lawyer released a 2016 recording of Trump where he says “pay with cash” as a possible payment method to buy the rights to the story of McDougal about her alleged affair with the president.

On Wednesday, White House press secretary Sarah Sanders defended Trump saying the president has done "nothing wrong."

Trump had earlier said he did know about the payments, but only "later on." Trump made the case for that because the payments to McDougal and Daniels, who both claimed to have had affairs with the president, were not made with campaign funds, they don't amount to campaign finance violations.

Cohen received a salary of nearly $1 million as the personal lawyer and fixer of Trump. He also has earnings coming from his investments in the taxi industry and real estate.