>> Excuse us, excuse us folks, thank you very much.>> Michael Cohen, the President’s former personal attorney who once said he’d take a bullet for Trump. Will learn his fate Wednesday at a high stakes sentencing, after pleading guilty to tax evasion, bank fraud, campaign finance violations, and lying to Congress.
Reuters Legal Correspondent, Jan Wolfe.>> Michael Cohen is almost certainly looking at years in prison. The Federal sentencing guidelines put his sentence at around four or five years. Judges will consider that. They're not bound by it, they can go lower. But this judge has not shown a lot of leniency in the past toward white collar crime.
>> Mr. Cohen will continue to cooperate.>> Cohen, who worked at the Trump Organization for roughly a decade, has already cooperated with the Special Counsel, which is investigating allegations of Russian meddling in the 2016 election. Cohen provided information about the Trump Organization's Moscow Project, contacts with Russian interests, and other areas central to the Mueller probe.
The prosecutors in the Southern District of New York investigating the hush money payments to Stormy Daniels and Karen McDougal, which were arranged by Cohen allegedly on Trump's behalf, said Trump's former fixer had not fully cooperated with them. And recommended a quote, substantial term of imprisonment.>> One thing to keep in mind is that whatever sentence Cohen gets, could later be reduced if he provides substantial cooperation.
So paradoxically, a high sentence could actually motivate him to cooperate more.>> Democratic lawmakers said Trump could face impeachment and jail time for his alleged role in the hush money payments, which violated campaign finance laws. Republicans have so far downplayed that threat to the president. And Trump himself said in an exclusive interview with Reuters late Tuesday, that he was not concerned about being impeached.