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President Trump's former attorney, Michael Cohen, is negotiating a possible plea deal with federal prosecutors, sources told NBC News on Tuesday.

The potential guilty plea could protect Cohen from some of the fallout from the investigation into whether he committed tax fraud and bank fraud. The plea deal could be made as early as Tuesday, though sources clarified that no deal has been agreed upon yet. It was previously reported that federal prosecutors were considering filing charges against Cohen by the end of August, as the probe enters its final stages.

If Cohen agrees to a plea in the fraud case, "any cooperation agreement would likely extend to other federal investigations," NBC News noted — like Special Counsel Robert Mueller's investigation into Russian election interference in 2016. Summer Meza

August 19, 2018
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Over the last several months, Michael Cohen's lawyer, Lanny Davis, has been having regular conversations with John Dean, Richard Nixon's White House counsel who took part in the Watergate coverup and then became a witness for the prosecution.

"I reached out to my old friend John Dean because of what he went through with Watergate, and I saw some parallels to what Michael Cohen is experiencing," Davis told Politico. "I wanted to gain from John's wisdom." He added that he's not asking him for legal advice and doesn't want to "raise expectations that Mr. Cohen has anything like the level of deep involvement and detailed knowledge that John Dean had in the Nixon White House as a witness to Nixon's crimes, but I did see some similarities and wanted to learn from what John went through."

Davis said he became friends with Dean in the late 1990s, when they appeared on cable news together to discuss President Bill Clinton's impeachment proceedings. Dean confirmed to Politico that the two have been speaking to each other frequently, and said he'd also like to talk to Cohen's criminal defense lawyer, Guy Petrillo. Catherine Garcia

August 19, 2018
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Federal investigators are looking into whether Michael Cohen, President Trump's former lawyer and fixer, committed bank and tax fraud when securing more than $20 million in loans and if he violated campaign finance laws when arranging financial deals with women who said they had affairs with Trump, several people familiar with the matter told The New York Times.

Two people said the probe is in its end stages, and prosecutors are mulling filing charges by the end of August. Investigators are trying to figure out if Cohen misrepresented the value of his assets in order to obtain loans from two banks for his taxi business, and if he failed to report income from that same business to the IRS, the Times reports. Read more about the investigation and what might happen if Cohen decides to take a plea agreement at The New York Times. Catherine Garcia

August 7, 2018
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President Trump's former attorney Michael Cohen is under investigation for possible tax fraud, The Wall Street Journal reported Tuesday.

Cohen has been under intense scrutiny ever since federal agents raided his home and office in April, seizing hundreds of thousands of items to investigate the attorney for potential bank fraud and campaign finance violations. That probe is apparently even wider-ranging than previously reported, with Cohen's taxi medallion business entering as a possible crime scene as well.

Federal authorities are investigating whether Cohen underreported income from his medallion holdings, the Journal reports, as well as whether he improperly obtained loans. The additional risk of a tax fraud sentence could make Cohen more willing to comply with investigators, former federal prosecutors noted. Cohen has renounced his loyalty to Trump, but is not cooperating with federal authorities in the probe. Read more at The Wall Street Journal. Summer Meza

July 26, 2018
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Allen Weisselberg, the chief financial officer and executive vice president of the Trump Organization, has been called to testify in front of a federal grand jury as part of the criminal investigation into Michael Cohen, President Trump's former personal lawyer, people familiar with the matter told The Wall Street Journal.

Weisselberg is considered a witness, the Journal says, and it's unknown if he's already appeared before the grand jury. Weisselberg, who once worked for Trump's father, has been described as being very loyal to Trump, and former Trump executives said he also oversaw many of Trump's household expenses and for several years prepared his tax returns.

On Tuesday, Cohen's attorney, Lanny Davis, released a tape of a conversation Cohen had in 2016 with Trump, which he secretly recorded. Cohen and Trump discussed buying the rights to a former Playboy model's story about an affair she said she had with Trump, and Cohen is heard saying he would set up a company to make the payment. "I've spoken with Allen Weisselberg about how to set the whole thing up," Cohen says, but it's not clear if he did ever actually talk to Weisselberg about it; the payment was never made. People with knowledge of the matter told the Journal Cohen is being investigated for bank fraud and campaign-finance violations. Catherine Garcia

July 25, 2018
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Omarosa Manigault Newman is back for another plot line in President Trump's never-ending TV drama.

Federal investigators are interviewing Manigault Newman as they sort out whether Michael Cohen, Trump's former attorney, violated campaign finance laws when he paid to keep Trump's allegations of extramarital affairs out of the public view, The Wall Street Journal reported Wednesday.

The parent company of the National Enquirer, American Media Inc., paid model Karen McDougal for the rights to her story, in which she says she had an affair with Trump in 2007. Cohen on Tuesday released a recording of him speaking with Trump in 2016 discussing payments to AMI to take control of the hush agreement, but newly uncovered interactions show that Cohen dealt with AMI on many other occasions as well. In one case, Cohen intervened when Manigault Newman threatened to sue AMI over a story on her brother's murder in 2011. Cohen convinced Manigault Newman to drop the lawsuit, in exchange for AMI giving her an editor job at Reality Weekly magazine, the Journal reports.

Cohen denies any wrongdoing, but investigators are taking a deep dive into his interactions with AMI and whether they constituted an unethical alliance. Investigators are reportedly interviewing Manigault Newman to learn more about the relationship between AMI and Trump's legal team, not over any accusations of wrongdoing of her own. Read more at The Wall Street Journal. Summer Meza

July 23, 2018
AP Photo/Seth Wenig, File

On Friday, federal prosecutors were given 12 audio recordings seized from Michael Cohen, a court filing made public Monday states.

Cohen is President Trump's former personal lawyer, whose home, office, and hotel room were raided by FBI agents in April. Originally, the recordings were deemed privileged, but the filing, made in New York's Southern District Court, said "the parties withdrew their designations of 'privileged,'" meaning prosecutors could listen to them as part of their investigation into Cohen, Politico reports.

On Friday, Trump lawyer Rudy Giuliani confirmed to The New York Times that Cohen secretly recorded a 2016 conversation with Trump about payments to Karen McDougal, a former Playboy model who said she had an affair with Trump that ended in 2007. He claimed that this was the first time Trump heard about the payments, and said they were never issued. The filing does not say whether prosecutors have any recordings of Trump and Cohen. Catherine Garcia

July 5, 2018

A few days after Michael Cohen sat down with ABC News and told anchor George Stephanopoulos that his "first loyalty" is to his wife, son, daughter, and country — not, apparently, President Trump anymore — Cohen made a kind of suggestive change to his Twitter bio.

The stripping of Trump from his Twitter bio may just be Cohen recognizing that he is, in fact, no longer a "personal attorney to President Donald J. Trump." But as CNN's Brooke Baldwin noted Wednesday, this looks an awful lot like Cohen's "official Twitter breakup" with Trump, as Cohen faces serious legal jeopardy from federal prosecutors. You can watch Baldwin's guests weigh in on the implications for Trump and Special Counsel Robert Mueller's investigation below. Peter Weber

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