August 21, 2018 1:28 pm
Updated: August 21, 2018 10:46 pm

Michael Cohen pleads guilty, says Trump ordered payments with ‘purpose of influencing election’

WATCH: President Donald Trump was dealt two blows on Tuesday after former campaign chair Paul Manafort was convicted of eight counts of bank and tax fraud, while ex-Trump lawyer Michael Cohen pleaded guilty to tax evasion and campaign finance violations. Jackson Proskow reports.

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U.S. President Donald Trump’s former personal lawyer, Michael Cohen, pleaded guilty in New York on Tuesday to campaign finance violations and other charges, saying he made payments to influence the 2016 election at the direction of a candidate for federal office.

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Cohen, 51, appearing in federal court in Manhattan, pleaded guilty to one count of willfully causing an unlawful corporate campaign contribution and one count of making an excessive campaign contribution.

He said he arranged to make payments “for (the) principal purpose of influencing (the) election” at the direction of a candidate for federal office. He did not give the candidate’s name.

WATCH: Attorney details felony charges in Michael Cohen case

Cohen, who agreed to a plea bargain with federal prosecutors earlier in the day, also pleaded guilty to five counts of tax fraud and one count of making false statements to a financial institution.

Cohen’s deal includes a possible prison sentence of up to five years and three months, Judge William Pauley III said during the hearing. Pauley scheduled sentencing for Dec. 12 and set bail at $500,000.

WATCH: Michael Cohen leaves court after pleading guilty to federal charges

The guilty pleas came in the same hour that a federal jury in Alexandria, Virginia, convicted former Trump campaign chairman Paul Manafort of eight charges of tax and bank fraud and failing to disclose foreign bank accounts.

The Manafort conviction resulted from U.S. Special Counsel Robert Mueller’s investigation into Russian meddling in the 2016 election and possible coordination with the Trump campaign.

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The probe also led to a referral from Mueller about Cohen to federal prosecutors in New York, who began their own probe of the longtime Trump lawyer.

Trump has repeatedly denied any collusion and has called the Mueller investigation a witch hunt. Russia has denied meddling in the election. U.S. intelligence agencies have concluded Moscow interfered.

WATCH: Prosecutor says Cohen will face ‘very serious price’ following guilty plea

Cohen was one of Trump’s closest associates for more than a decade. He worked as his personal attorney at the Trump Organization and continued to advise the president after the election. But their relationship had frayed in recent months.

In court on Tuesday, Cohen’s voice cracked as he answered questions from Pauley.

WATCH: Michael Cohen surrenders to FBI as reports surface about possible plea deal

Asked a standard question about whether he had consumed any alcohol or drugs before making his guilty plea, Cohen said he had had only a glass of 12-year-old Glenlivet, single-malt scotch with dinner the night before.

— Reporting by Brendan Pierson and Jonathan Stempel. Writing by Jonathan Oatis. Editing by Susan Thomas and James Dalgleish.

© 2018 Thomson Reuters

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