Former Donald Trump attorney Michael Cohen has surrendered to the FBI ahead of a 4 PM court proceeding. According to CNN, the government is expected to announce a plea deal where Cohen will in-fact plead guilty to campaign finance, tax fraud and bank fraud where it’s presumed he’ll face a substantial fine and jail time.
Via CNN:
Michael Cohen is expected to plead guilty to multiple counts of campaign finance violations, tax fraud and bank fraud as part of the deal, according to three sources.
The deal would include jail time and a substantial monetary fine.
Among the sticking points in the talks, the two sides were negotiating over jail time, according to one source. Cohen is pressing for three years but prosecutors are seeking 50 months.
Cohen has been concerned about asset forfeiture, leaving his family with nothing.
Prosecutors made clear that there was a bigger risk should he go to trial and be found guilty, that he would have forfeit assets.
It’s unclear how these latest developments will play into the Russia investigation however Cohen has the potential to cause some serious damage to the Trump administration.
Cohen has been a guy that’s been very close to Trump during his time as a real estate mogul in New York City, to his time as a reality television star, to a GOP candidate for President of the United States to his (Trump) eventual election.
Cohen is often referred to as a guy who knows where all of Trump’s metaphorical ‘bodies are buried’. Not to mention it’s Cohen who could ultimately spill the beans on Trump’s involvement with a number of issues including potential campaign finance violations (given it was Trump’s campaign Cohen was working on) to the President’s potential involvement with the Russians.
