Michael Cohen pleads guilty to 8 counts

By Veronica Rocha, Meg Wagner and Brian Ries, CNN

Updated 8:11 a.m. ET, August 22, 2018
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3:16 p.m. ET, August 21, 2018

Michael Cohen facing 3 to 4 years in jail as part of plea deal, source says

President Trump's former personal attorney could be facing more than four years behind bars, CNN has learned, as a part of his plea deal with government prosecutors.

One source told us that among the sticking points in the talks, Cohen was pressing for three years in jail while the prosecutors were seeking up to 50 months.

2:49 p.m. ET, August 21, 2018

Michael Cohen expected to plead to multiple counts of campaign finance, tax fraud and bank fraud

From CNN's Adam Levine

Michael Cohen is expected to plead guilty to multiple counts of campaign finance violations, tax fraud and bank fraud as part of the deal, according to three sources.

The deal would include jail time and a substantial monetary fine.

Among the sticking points in the talks, the two sides were negotiating over jail time, according to one source. Cohen is pressing for three years but prosecutors are seeking 50 months. 

Cohen has been concerned about asset forfeiture, leaving his family with nothing. 

Prosecutors made clear that there was a bigger risk should he go to trial and be found guilty, that he would have forfeit assets.

3:00 p.m. ET, August 21, 2018

Michael Cohen surrenders to the FBI

From CNN's Shimon Prokupecz

Michael Cohen has surrendered to the FBI ahead of a 4 p.m. court proceeding where the government is expected to disclose a plea deal, according to a law enforcement source.

We don't know the details of the possible charges or possible deal.

Earlier this week, sources told CNN that Cohen, President Trump's former personal attorney, was in talks to plead guilty to criminal charges in a deal that would bring an end to a months-long investigation that has riled the President.