by Axios | 4.24.19
This piece was authored by Axios, and its content solely reflects the published views of Axios and its journalists.
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 bottom line: "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.
Written by Axios
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