Two people familiar with the financial fraud investigation of Donald Trump’s former personal attorney, Michael Cohen, say he has reached a plea agreement with U.S. prosecutors.
Cohen is due to appear in federal court in New York at 4 p.m. ET on Tuesday.
The people spoke to The Associated Press on the condition of anonymity because they were not authorized to speak publicly about the case. They did not know the details of the agreement.
Cohen was seen earlier Tuesday leaving his apartment and travelling to the midtown Manhattan offices of one of his attorneys, former federal prosecutor Guy Patrillo. At the courthouse, security officers had set up barricades outside the main entrance.
Both Cohen’s lawyers and the U.S. Attorney’s Office declined comment on Tuesday.
The development came a day after prosecutors signalled that Cohen could be charged before the end of the month in a case that has been a distraction for the White House with the midterm elections approaching. Absent a quick resolution, it’s believed that prosecutors would put off a decision on how to go forward with the case until after the election in compliance with an informal Justice Department policy of avoiding bringing prosecutions that could be seen as political and influence voters.
Loyal ‘fixer’ under investigation for months
Prosecutors had been investigating Cohen for possible fraud related to his businesses for months. The FBI raided his hotel room, home and office on April 9, seizing more than four million items.
The search of Cohen’s files sought bank records, communications with the Trump campaign and information on hush money payments made in 2016 to two women: former Playboy model Karen McDougal, who received $150,000 US, and the porn actress Stormy Daniels, who got $130,000.
The New York Times reported earlier this week, based on anonymous sources, that prosecutors have been focusing on more than $20 million in loans obtained by taxi businesses that Cohen and his family own.
Cohen had gained notoriety as Trump’s loyal “fixer” before the FBI raid. And Trump branded it “a witch hunt,” an assault on attorney-client privilege and a politically motivated attack by enemies in the FBI.
But the president’s initial support for Cohen has since degenerated into a public feud, prompting speculation that, to save himself, Cohen might be willing to tell prosecutors some of the secrets he helped Trump keep.