Trump says that he knew about Cohen's payments "later on"

Prosecutors are considering

Prosecutors are considering"filing charges against Mr Cohen by the end of the month

U.S. President Donald Trump's former lawyer, Michael Cohen, has entered into a plea agreement with federal prosecutors in NY on campaign finance violations, bank fraud and tax evasion, ABC News reported on Tuesday, citing unnamed sources.

"The message is that we are here, that the we are a nation of laws, and that the essence of this case is about justice and an equal playing field for all persons in the eyes of the law", Robert Khuzami, the federal prosecutor who executed the Cohen case, said Tuesday outside the NY courthouse after Trump's ex-lawyer entered the plea.

He continued that this information was regarding "knowledge of a conspiracy to corrupt American democracy by the Russians and the failure to report that knowledge to the Federal Bureau of Investigation".

However, Cohen could still cooperate with investigators in order to reduce his sentence, and Manafort faces another trial in Washington, D.C. Cohen's lawyer, former Clinton lawyer Lanny Davis, said his client has information about "hacking".

But Mr Trump lashed out at Cohen, who has agreed to co-operate with special counsel Robert Mueller's investigation into alleged meddling by Moscow in the 2016 United States election.

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A GoFundMe campaign to raise money for the legal fees of former Donald Trump lawyer Michael Cohen raised $10,000 in less than half an hour. Cohen also said in court Tuesday that then-candidate Trump directed him to make the illegal payments. The 22-page plea deal admits this as a violation of campaign finance, as these expenses were not declared as such.

There has been no indication that Cohen will talk to or cooperated with Mueller's team.

On Wednesday, the White House said Mr Trump was "not concerned at all" by Cohen co-operating with FBI investigators.

Cohen was part of Trump's inner circle for more than a decade, working as his personal attorney at the Trump Organization and continuing to advise the president after the election.

After four days of deliberation, jurors found him guilty of eight counts: five of making false income tax returns, two of bank fraud and one of failure to report foreign bank and financial accounts. Both Daniels and McDougal have said they had past relationships with Trump.

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Sitting Presidents are not indicted, but Mr. Trump could be charged once he leaves office, according to several legal scholars.

The FBI raided his hotel room, home and office on April 9, seizing more than 4 million items. Just because Michael Cohen made a plea deal doesn't mean that implicates the President on anything.

Trump contrasted Cohen's actions with those of Manafort, whom he described as "such a courageous man".

Trump briefly discussed Manafort on Tuesday evening after stepping off Air Force One in West Virginia, where he held a rally that night.

Michael Cohen; Paul Manafort. "No collusion, no crime", she said on Twitter.

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