Report: Cohen In Talks For Possible Plea Deal, Could Be Reached Early As Today

NEW YORK, NY - JULY 27: Michael Cohen, former personal attorney for U.S. President Donald Trump, exits the Loews Regency hotel and walks toward a taxi cab, July 27, 2018 in New York City. According to recent news re... NEW YORK, NY - JULY 27: Michael Cohen, former personal attorney for U.S. President Donald Trump, exits the Loews Regency hotel and walks toward a taxi cab, July 27, 2018 in New York City. According to recent news reports, Cohen is prepared to tell special counsel Robert Mueller that then-candidate Trump knew about and approved the 2016 Trump Tower meeting between campaign officials and a Russian lawyer who promised dirt on Hillary Clinton. (Photo by Drew Angerer/Getty Images) MORE LESS
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August 21, 2018 11:54 a.m.

Former Trump lawyer Michael Cohen is in talks for a possible plea deal with federal prosecutors from the Southern District of New York, which could be reached as early as Tuesday, according to a Tuesday NBC report.

Multiple sources familiar with the matter emphasized to NBC that the long-discussed deal in Cohen’s tax and bank fraud case was not finalized.

Cohen’s attorney Lanny Davis declined NBC’s request for comment, citing the ongoing investigation.

President Trump’s longtime fixer has hinted since mid-summer that he was open to cooperating with the government in exchange for a more lenient sentence. Cohen once prided himself on his loyalty to Trump, but has since publicly said that his first priorities are his family and country.

The New York Times reported over the weekend that a plea deal with the Manhattan U.S. Attorney’s Office would also likely require Cohen to cooperate with special counsel Robert Mueller’s investigation.

The Times also reported that prosecutors were investigating $20 million in loans that Cohen took out in 2014 to fund his taxi medallion businesses.

In additional to Cohen’s personal financial dealings, prosecutors are looking into the hush money payments he made during the 2016 election to women who claimed to have carried out affairs with Trump.

This post has been updated. 

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