The president has fumed publicly about what he felt was government overreach, while privately worrying about what material Cohen may have after working for the Trump Organization for a decade. If he had no knowledge he was doing anything illegal, but merely donated more money than the federally allotted limit, he potentially could have faced a less severe repercussion, such as a monetary fine from the Federal Election Commission.
Avenatti tweeted that the Cohen pleas should "permit us to proceed with an expedited deposition of Trump under oath about what he knew when he knew it, and what he did about it".
Cohen has been concerned about asset forfeiture, and the possibility that he would leave his family with nothing. "There are no charges against him". And she was paid by the parent company of the National Enquirer for the rights to her story, a story that she did not tell before the presidential election.
Cohen is facing a judge in federal court in NY on Tuesday.
A plea deal could be a significant blow for Trump.
The next critical question is: How will President Trump respond?
The investigation of Cohen included a raid in April by FBI agents, who seized documents and files from his office, home, and hotel room. However, the Post notes that a source recently told the outlet that Cohen was willing to testify that he witnessed Trump being informed about Donald Trump Jr.'s famous meeting with a Russian lawyer to get "dirt" on Hillary Clinton.
"The saying goes that justice rides a slow horse, but it gets there eventually", said Bruce Udolf, a criminal defense attorney in Florida who served as an associate independent counsel during the Whitewater investigation.
No US president has ever been removed from office on the basis of impeachment.
Robert Khuzami, the deputy US attorney for the Southern District of NY, said in a statement that rather than respect the law as an attorney, Cohen "chose to break the law, repeatedly over many years and in a variety of ways". While Manafort has not given any indication he'd work with prosecutors, Cohen and one of his attorneys have made a variety of public statements indicating he's eager to make a deal and claiming he has valuable information to offer Mueller.
Prosecutors said in court their investigation is into Cohen's personal financial dealings. Mr Trump denied knowing the payment had been made at the time.
However, in order to do that, Trump first has to overcome the legal jeopardy and the stigma of being directly implicated by Cohen, who told the court that "in coordination with and at the direction of a candidate for federal office..."
One of the legal issues in Cohen's indictment is that the payments amounted to a campaign contribution, and one that was not reported to the Federal Election Commission.
According to the Times, investigators are trying to determine whether Cohen misrepresented the value of his assets to obtain the loans from two financial institutions that have catered to the taxi industry. The verdict came after the jury had indicated earlier in the day that they were deadlocked on at least one count.
Cohen's plea follows months of scrutiny from federal investigations and a falling out with the president, whom he previously said he'd "take a bullet" for.