>> A tough day for Mr. Manafort, but he's accepted responsibility.>> President Donald Trump's former campaign chairman struck a deal with prosecutors. Paul Manafort on Friday pleading guilty, and agreeing to share what he knows with Special Counsel Robert Mueller's team, as they investigate the Trump campaign's ties to Russia.
It could be a huge setback for Trump in a long running probe that has cast a shadow over his presidency. Warren Strobel is covering the story.>> So, we don't know precisely what information Paul Manafort has that would be of interest to Special Counselor Mueller. We do know that Manafort was a participant in a sort of seminal June 9th, 2016 meeting at Trump Tower.
And which members of Trump's familiar and his political campaign met with Russian representatives, and they expected to receive drug attorney information about Trump's opponent. He was also the manager for Trump of the 2016 Republican National Convention in Cleveland. And there was an incident at that convention where the Republican Party agreed to change its platform regarding Ukraine, to a position that was more in line with Russian interests.
And there has been a great deal of speculation allegations that there was some sort of quid pro quo going on.>> Manafort pleaded guilty to two criminal counts as part of a cooperation agreement. Heading off a second trial on money laundering and lobbying charges, after being convicted last month for bank and tax fraud.
The court case is laying bare Manafort's extensive work for Russia friendly politicians in Ukraine. Manafort admitting in court that he conspired against the United States and tried to obstruct justice. He's the latest prominent Trump associate to admit guilt, joining former National Security Advisor, Michael Flynn, and Trump's former personal lawyer, Michael Cohen.
The White House says Manafort's crimes had nothing to do with Trump or his 2016 campaign.>> Paul Manafort's a good man.>> Trump last month praised Manafort for refusing to strike a deal with prosecutors. The deal calls for Manafort to share his knowledge of criminal activities with investigators, hand over any relevant documents, and testify in court if need be.
Mannafort agreed to give up five of his seven homes, the money from three bank accounts, and his life insurance policy. He still faces the possibility of years in prison. The guilty plea is more bad news for Trump, as his Republicans try to retain control of Congress in the November elections.
>> Witch hunt. Thank you very much.