The Ultimate Betrayal

NEW YORK, NY - APRIL 13: Michael Cohen, President Donald Trump's attorney, chats with friends near the Loews Regency hotel on Park Ave on April 13, 2018 in New York City. Following FBI raids on his home, office and hotel room, the Department of Justice announced that they are placing him under criminal investigation. (Photo by Yana Paskova/Getty Images) — NEW YORK, NY - APRIL 13: Michael Cohen (C), U.S. President Donald Trump's personal attorney, chats with friends near the Loews Regency hotel on Park Ave on April 13, 2018 in New York City. Following FBI raids on his... NEW YORK, NY - APRIL 13: Michael Cohen (C), U.S. President Donald Trump's personal attorney, chats with friends near the Loews Regency hotel on Park Ave on April 13, 2018 in New York City. Following FBI raids on his home, office and hotel room, the Department of Justice announced that they are placing him under criminal investigation. (Photo by Yana Paskova/Getty Images) MORE LESS

By Josh Marshall

April 13, 2018 6:57 p.m.

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I’m going to try to write up a piece this evening putting all the news of today in some perspective based on my and our team’s reporting over the last year into Cohen’s business background. But here’s an important morsel for understanding what’s happened today and where Cohen may be heading in the coming days.

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