The guilty pleas came in the same hour that a federal jury in Alexandria, Virginia, convicted former Trump campaign chairman Paul Manafort of eight charges of tax and bank fraud and failing to disclose foreign bank accounts.
And now it looks like Cohen has officially flipped on his former boss.
Forest Gump may have become famous for running to escape bullies and to escape a broken heart, but reporters working on the Paul Manafort case in the U.S. went viral for their run to break a national news. It has already raked in over $21,000 in the first nine hours since it was launched. Cohen once said he "would take a bullet" for Trump and was proud of his reputation as the Trump clan's pit bull.
The loans are part of the investigation into whether Cohen committed bank and tax fraud, and for possible campaign law violations linked to a $130,000 payment to adult film star Stormy Daniels.
The charges against Manafort largely predate his work on President Donald Trump's successful campaign. "Mr. Trump's lawyers said he directed Michael Cohen to make that payment". Trump told Reuters on Monday that he'd chose to stay out of the investigation but "could run it if I want".
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This has been a big case in the USA, especially for the Trump administration considering Paul Manafort is a longtime political operative who had for months led Trump's 2016 presidential campaign.
At that time, after Manafort was ordered to a Virginia jail following allegations of witness tampering, Trump claimed Manafort had limited involvement with his 2016 presidential campaign. For deep dives into Cohen's finances and the murky world of Trump and his associates, check out Trump Inc from WNYC. US intelligence agencies have concluded Moscow interfered.
A USA grand jury has indicted 12 Russian intelligence officers on charges of hacking the computer networks of Clinton's campaign and the Democratic Party.
Mr Ellis has not set a sentencing date and has given prosecutors until 29 August to decide whether to retry Manafort on the deadlocked charges.
Mueller's investigation, which began in May 2017, has resulted in the indictment of more than 30 people and five guilty pleas.