Updated at 5:34 p.m. ET
Michael Cohen, President Trump's former personal lawyer and fixer, has pleaded guilty to eight counts in federal court in New York, WNYC's Andrea Bernstein reports.
They include five counts of tax evasion, one count of falsifying submissions to a bank and two counts involving unlawful campaign contributions.
Cohen said he made the excessive contributions in the summer of 2016, and in October of 2016 — at the direction of a federal candidate. While Cohen did not name President Trump, it's clear that is who he is referring to given the timeline and circumstances.
One of the unlawful campaign contributions involved a corporation. Cohen said he and the CEO of a media company made a payment to stop an individual from releasing information damaging to a federal campaign in the summer of 2016.
While Cohen did not name them, this matches up with the circumstances around former Playboy model Karen McDougal, who settled a lawsuit with American Media, Inc., the parent company of the National Enquirer. McDougal sued them for allegedly purchasing exclusive rights to her story for $150,000 in August of 2016. McDougal says she had a 10-month affair with President Trump a decade ago, which the White House has denied.
The other excessive contribution Cohen pleaded guilty for appears to be a payment to adult film start Stephanie Clifford, whose stage name is Stormy Daniels. Cohen said the payment was later repaid to him by the candidate. While he didn't mention Trump, the president has acknowledged repaying Cohen for a $130,000 payment to Stormy Daniels to keep an alleged sexual relationship, which Trump denies, private.
"He worked to pay money to two women who he believed would be detrimental to the 2016 presidential campaign," said Robert Khuzami, deputy U.S. attorney for the Southern District of New York outside the federal courthouse in New York.
It was unclear what — if any — cooperation Cohen might offer or what punishment he might finally face.
Cohen, who worked for Trump on a range of real estate, political and personal matters — including payments to buy the silence of women who said they had sexual relationships with Trump — knows as much or more as anyone in the president's inner circle.
Cohen hinted weeks ago that he might cooperate with federal prosecutors, but it isn't clear where those negotiations stood on Tuesday.
Specifically, Cohen reportedly was willing to tell special counsel Robert Mueller that Trump authorized the much-discussed June 2016 meeting at Trump Tower in New York City between top Trump campaign aides and a delegation of Russians.
The president has repeatedly denied he had any advanced knowledge of that meeting.
Cohen, who described himself in past as Trump's "pit bull," became well known for his elbow-throwing and sometimes full-on threats as he worked to move the ball forward for Trump or protect him.
Cohen was an adviser and sometime media surrogate for Trump during the 2016 campaign but he also continued to handle sensitive assignments. Those included managing payments to women who said they'd had sexual relationships with Trump in order to keep them silent.
Trump and the White House have acknowledged that Trump reimbursed Cohen for at least one such payment but the president's camp denies the underlying allegations about the affairs.
Cohen, evidently mindful about the need someday to substantiate what he says he's done for Trump, recorded some conversations with the then-candidate in which they talk about the arrangements.
After Trump's victory and his inauguration, Cohen did not come into the new administration with other insiders or family members. Instead, Cohen stayed at arm's length officially but promised a number of big clients that he could broker access to Trump and advocate on their behalf.
Cohen made millions of dollars from these arrangements but when they were revealed after the FBI raids on his home and office, the companies involved — which included AT&T and pharma giant Novartis — were chastened.
Since the raids, which yielded a huge trove of documents and other materials, it has become clear that Cohen was facing the prospect of serious criminal liability in his federal case.
But there were no solid details on Tuesday as to precisely what he intends to admit in his plea and what the government may have extracted in exchange from whatever leniency it may offer.
The Russia matter
Tuesday also brought an update to the public understanding about Cohen's role in the Russia investigation. He is described in the infamous, partly unverified Russia dossier as having played an important role in an alleged conspiracy between the Trump campaign and the Russians who attacked the 2016 election.
Cohen has strenuously denied that and he said as much to the Senate intelligence committee last year. But Cohen also has reportedly said he would be willing to tell investigators that he — and Trump — knew beforehand about the June 2016 meeting in Trump Tower between top Trump campaign aides and a delegation of Russians.
That got the attention of the intelligence committee's leaders, Sen. Richard Burr, R-N.C., and Sen. Mark Warner, D-Va., who said on Tuesday they've asked Cohen whether he wanted to change the statements he has made to their panel. The committee leaders said Cohen's answer was no.
"Mr. Cohen had testified before the committee that he was not aware of the meeting prior to its disclosure in the press last summer. As such, the committee inquired of Mr. Cohen's legal team as to whether Mr. Cohen stood by his testimony. They responded that he did stand by his testimony."