Forget "Crooked Hillary" (who's bad enough). Here's "Crooked Michael".
Why Michael Cohen Agreed to Plead Guilty—And Implicate the President
Michael Cohen had many reasons to play ball last weekend when his legal team sat down to talk to federal prosecutors.
The Manhattan U.S. Attorney’s office had testimony from Mr. Cohen’s accountant and business partners, along with bank records, tax filings and loan applications that implicated not only Mr. Cohen in potential criminal activity, but also his wife, who filed taxes jointly with her husband. Prosecutors signaled Mr. Cohen would face nearly 20 criminal counts, potentially carrying a lengthy prison sentence and staggering financial penalties.
Adding to the pressure, David Pecker, the chairman of American Media Inc., which publishes the National Enquirer, provided prosecutors with details about payments Mr. Cohen arranged with women who alleged sexual encounters with President Trump, including Mr. Trump’s knowledge of the deals.
This account of how Mr. Cohen went from a pugnacious defender of the president to turning on Mr. Trump is based on details provided by people close to Mr. Cohen and others briefed on the discussions with prosecutors.
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The investigation is continuing, according to a person familiar with the matter.
Although the plea deal doesn’t require Mr. Cohen’s cooperation, it leaves the door open for him to talk with both the Southern District of New York and special counsel Robert Mueller. The court restricted Mr. Cohen’s travel to New York City; Chicago, where he owns taxi medallions; South Florida, where his parents live; and Washington, D.C., where the special counsel is based.
The deal doesn’t preclude further prosecutions, including other charges against Mr. Cohen.
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Mr. Cohen’s troubles increased in May, when Evgeny “Gene” Freidman, a New York City taxi mogul who managed taxi medallions owned by Mr. Cohen and his relatives, pleaded guilty to state criminal tax fraud and agreed to cooperate with federal prosecutors in their probe of Mr. Cohen.
By then, prosecutors and the Internal Revenue Service had focused on Mr. Cohen’s personal income taxes. In conversations with a potential witness in June and July, investigators asked “very pointed” questions about various tax filings, according to a person familiar with the conversations.
“They knew what they wanted, they knew what they had, and they went after it,” the person said.
In late June, Mr. Cohen openly broke with Mr. Trump.
A personal turning point for Mr. Cohen was a conversation with his father, Maurice Cohen, a Holocaust survivor.
Mr. Cohen’s father urged him not to protect the president, saying he didn’t survive the Holocaust to have his name sullied by Mr. Trump, according to a person who was told about the conversation. The elder Mr. Cohen couldn’t be reached for comment.
There's plenty more in the Journal article.
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