Michael Cohen
Michael Cohen Reuters

Michael Cohen, who worked for years as President Donald Trump’s personal attorney, on Tuesday pleaded guilty to charges of bank fraud, tax fraud and campaign finance law violations.

The guilty pleas followed numerous reports earlier on Tuesday that Cohen is considering a plea deal with prosecutors in New York on charges of tax-fraud and other financial offenses.

Cohen pleaded guilty to eight counts total, including five counts of tax evasion and one count of making a false statement to a financial institution, according to The Hill.

He also pleaded guilty to one count of making an excessive campaign contribution on October 27, 2016, which is the same date Cohen finalized a payment to adult-film star Stormy Daniels as part of a non-disclosure agreement over an alleged affair with Trump.

The $130,000 payment to Daniels, whose real name is Stephanie Clifford, was completed just weeks before the 2016 election. Clifford is now suing Cohen and Trump for defamation and to void a non-disclosure agreement about the affair, according to The Hill.

Trump initially denied knowing anything about the payment to Daniels, but later acknowledged that he reimbursed Cohen for the expense, which he insisted had nothing to do with the campaign.

While not specifically naming Trump, Cohen said in the plea deal that "in coordination and at the direction of a candidate for federal office" he kept information that would have been harmful to the candidate and the campaign from becoming public.

The judge set a sentencing date for Cohen for December 12.

While Cohen’s deal does not include an agreement to cooperate with prosecutors in the Southern District of New York, where he was charged, it also does not explicitly rule out the possibility of cooperating with special counsel Robert Mueller in the federal investigation into Russian interference in the 2016 election, The New York Times reported.

However, sources told CNN that Cohen is not cooperating with the Russia investigation and is only seeking to avoid the "spectacle" of a trial by pleading guilty.

Cohen was once one of Trump's closest confidants, and said last September he would “take a bullet” for the president.

He spent years working for the Trump Organization, and until recently served as the deputy finance chairman of the Republican National Committee (RNC).

Cohen has been under legal scrutiny since early April, when federal agents raided his office, home and hotel room and seized thousands of documents and electronic files.