Democratic Rep. Adam Schiff said there is a 'very real prospect' that President Donald Trump will be indicted on the day he leaves office and there is a 'real prospect' he will face jail time.

'There's a very real prospect that on the day Donald Trump leaves office the Justice Department may indict him. That he may be the first president in quite some time to face the real prospect of jail time,' Schiff said Sunday on CBS' 'Face the Nation.'

'We have been discussing the issue of pardons that the president may offer to people or dangle in front of people, the bigger pardon question may come down the road as the next president has to determine whether to pardon Donald Trump,' he added.

Democratic Rep. Adam Schiff said there is a 'very real prospect' that President Donald Trump will be indicted on the day he leaves office

Schiff said there is a very 'real prospect' that President Trump could face jail time

Schiff, who will likely chair the House Intelligence Committee next year, claims the allegations that came out on Friday in two sentencing memos tied to cases involving Trump's former personal attorney Michael Cohen show the president committed a crime.

Cohen worked 'in coordination with and at the direction of' Donald Trump – by his own admission – to arrange for the National Enquirer to buy the rights to the two women's stories and 'kill' them, preventing media exposure of their claims, one of the sentencing memos claims.

'To have the justice department basically say that the president of the united States not only coordinated but directed an illegal campaign scheme that may have had an election altering impact, is pretty breathtaking,' Schiff said.

Cohen 'coordinated his actions with one or more members of the campaign,' according to the memo, 'including through meetings and phone calls, about the fact, nature, and timing of the payments.'

And as a result, 'neither woman spoke to the press prior to the election.'

The payments were made to porn star Stormy Daniels and former Playboy Playmate Karen McDougal, both of whom claimed to have affairs with Trump, which he has denied.

Sitting presidents cannot be indicted, a memo written in 2000 by the Office of Legal Counsel in the Justice Department found.

'The indictment or criminal prosecution of a sitting President would unconstitutionally undermine the capacity of the executive branch to perform its constitutionally assigned functions,' the memo noted.

Former New Jersey Gov. Chris Christie, who's been mentioned for White House chief of staff and attorney general, said the language in Cohen's sentencing memo should concern the president's legal team.

Former New Jersey Gov. Chris Christie said Trump's legal team should be worried about the language used in the Cohen sentencing memos

Former Playboy model Karen McDougal (left) and porn actress Stormy Daniels (right) both claimed to have slept with Donald Trump in the past, but the government says Cohen coordinated with Trump to make sure the women were paid for their silence – in effect a pair of massive campaign contributions designed to save the election for Trump

Former Trump lawyer Michael Cohen should spend between 51 and 63 months in federal prison, according to a prosecutor's memo

'The language sounds very definite, and what I’d be concerned about is what corroboration do they have because everyone knows that Michael Cohen is not going to be the most effective or trustworthy witness on the stand given some of his past statements. The question is they sounded very definitive. And in experience, the problem is when prosecutors are that definitive they've got more usually than just one witness,' he said Sunday on ABC's 'This Week.'

'Now the flip side for the prosecutors is, they better have more than one witness on this, because if you're shooting at the president of the United States and the only bullet in your gun is Michael Cohen, well then I think that's a problem. So, I think it'll be very interesting to see how this plays out,' he added.

And Democratic Rep. Jerry Nadler warned that it would be an 'impeachable offense' if President Trump directed the payments to Daniels and McDougal.

'Certainly they're impeachable offenses. Even though they were committed before the president became president, they were committed in the service of fraudulently obtaining the office,' he said on CNN's 'State of the Union.'

Cohen arranged for a $130,000 payment to Daniels, which prosecutors say violated campaign finance law prohibitions against donations of more than $2,700 in a general election.

A $150,000 payment by American Media Inc. to silence McDougal was an illegal corporate donation to the Trump's campaign, prosecutors claim.

Both women claim affairs with Trump, which he has denied.

Prosecutors noted Cohen had implicated the president in the payments.

'Cohen himself has now admitted, with respect to both payments, he acted in coordination with and at the direction of Individual-1,' the prosecutors wrote.

'Individual-1' refers to Trump.

Trump claimed the filings out on Friday vindicate him.

'Totally clears the President. Thank you!,' he tweeted.

And White House press secretary Sarah Huckabee Sanders - in a rare statement on the matter - dismissed the filings as nothing new.

'The government's filings in Mr. Cohen's case tell us nothing of value that wasn't already known,' she said in a statement. 'Mr. Cohen has repeatedly lied and as the prosecution has pointed out to the court, Mr. Cohen is no hero.'