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Photo: Chip Somodevilla/Getty Images

Michael Cohen, President Trump's former lawyer and fixer, denied portions of his February guilty plea in a private phone call recorded without his knowledge by actor and comedian Tom Arnold, as reported by the Wall Street Journal.

The big picture: "There is no tax evasion. ... And the Heloc? I have an 18% loan-to-value on my home. How could there be a Heloc issue? How? Right?… It's a lie," he reportedly said, referring to a criminal charge involving his home-equity line of credit. Cohen's comments are unlikely to have much, if any, effect on his 3-year prison sentence, set to start on May 6, for campaign finance violations, tax evasion and lying to Congress.

  • Cohen had pleaded guilty to criminal charges brought by New York federal prosecutors last August, explicitly stating that he acting knowingly. Since, he has been trying to reduce his sentence by helping with other congressional investigations.

Statement from Lanny Davis, Cohen's attorney:

"Nothing said by Mr. Cohen to Tom Arnold contradicts Mr. Cohen’s previous defense attorney, Guy Petrillo, in his sentencing memorandum to the presiding federal US District Court Judge William H. Pauley III back in December. I would also add the important words used by Special Counsel Robert Mueller, and others, in describing Michael Cohen’s cooperation and testimony as “credible” addressing the “core” issues involved in his investigation."

Go deeper: Recap: Michael Cohen's explosive public testimony

Go deeper

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

Dan Primack, author of Pro Rata
6 hours ago - Economy & Business

The unicorn stampede is coming

Illustration: Annelise Capossela/Axios

Airbnb and DoorDash plan to go public in the next few weeks, capping off a very busy year for IPOs.

What's next: You ain't seen nothing yet.

19 hours ago - World

Maximum pressure campaign escalates with Fakhrizadeh killing

Photo: Fars News Agency via AP

The assassination of Mohsen Fakhrizadeh, the architect of Iran’s military nuclear program, is a new height in the maximum pressure campaign led by the Trump administration and the Netanyahu government against Iran.

Why it matters: It exceeds the capture of the Iranian nuclear archives by the Mossad, and the sabotage in the advanced centrifuge facility in Natanz.