What Michael Cohen knows

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President Trump's former personal lawyer — and longtime fixer — Michael Cohen reportedly reached a deal with federal prosecutors Tuesday on charges related to campaign finance violations and bank and tax fraud.

The big picture: Cohen's plea deal doesn't include a plan to cooperate with federal prosecutors, according to The New York Times. It's still not clear what effect that might have on federal investigations going forward, but, throughout the years Cohen has been tasked with making Trump's problems go away — and he still has the potential to become Trump's biggest problem of all.

How it all kicked off: Adult film star Stormy Daniels claimed she had an affair with Trump in 2006 and received a $130,000 payment from Cohen to keep quiet.

  • Following Daniels' allegations, federal investigators in New York raided Cohen's home and office in April. As a former U.S. attorney told Axios at the time, "Here’s what must have happened: Mueller bumped into evidence of criminal conduct that was beyond his scope, so he referred it to the Rod," meaning Deputy Attorney General Rod J. Rosenstein.
  • A court ruling after the raid meant that Trump's team lost first access to items that were seized, and the secrets of "the only person on earth intertwined in Trump’s professional, political, personal, legal and family life" were available to federal investigators.
  • The scope of the government's investigation widened in May after it was learned that investigators had monitored Cohen's phones.
  • Cohen broke his silence in July in an interview with ABC News' George Stephanopoulos — seemingly indicating that he'd be willing to cooperate with the feds: "I will not be a punching bag as part of anyone’s defense strategy. I am not a villain of this story, and I will not allow others to try to depict me that way."
  • Cohen's lawyer, Lanny Davis, released a tape to CNN detailing Cohen's conversation with Trump about paying off Karen McDougal, a Playboy model who alleged an affair with the president, later in July. David promised there was "more to come."
  • Soon after, Cohen told CNN that Trump knew ahead of time about the 2016 Trump Tower meeting between some of his top campaign officials and a Russian lawyer promising dirt on Hillary Clinton.
  • Cohen's family taxi business soon came under scrutiny, prompting tweets from Trump in late July.
  • This past weekend, news broke that federal investigators were looking into related tax and bank fraud — which apparently led to today's plea deal.
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