Fraud and bank fraud according to three sources and the deal would include jail time and a substantial monetary fine. This plea is no doubt a big blow to the president with cohen having been part of President Trumps inner circle for more than a decade. We anticipate prosecutors with the office of the u. S. Attorney for the Southern District of new york to address the public about the deal. Any minute now that will be live when it happens. For now, lets go to cnns brynn begi gingras. Has he pled guilty yet . Reporter these proceedings happen on time. Very timely here at Federal Court, especially with the sdny. One can only assume he is in the courtroom right now and i can tell you We Dont Have Transmission from the courtroom. It is a Federal Courthouse and not able to verify that 100 . Certainly any minute now safe to say. These are, of course, as you
mentioned, jake, charges of bank and tax fraud related to cohens business of taxis and Campaign Finance and cohen is going to appear befo
the jury is able to come to a verdict coming to eight of the 18 counts. the other ten they are hung or deadlocked, not able to come to consensus. very predictable when you have the first questions about that coming from the jury. questions about not only the definition of reasonable doubt but the nuanced aspects of these sorts of charges. bank fraud, tax fraud cases, money laundering cases, remember the ostrich jacket? if there s the most titillating part of the case, it s a dry presentation of the evidence. strictly the facts dragnet style. if that s the case, they had to comb through and figure out whether or not the government was able to satisfy their burden of proof reasonable doubt on each element of claims. they asked two claims that s key. jake, one of them about the definition of even a shell company or a corporation. owning half of the access to the
consensus on ten of the counts. remember, paul manafort is facing 18 separate counts of bank and tax fraud as well as counts related to his foreign bank accounts. so this jury now saying we can come to unanimous agreement on eight of the counts and can t come to agreement on ten of the counts. we aren sure of which counts they have agreed on and which counts they haven t. this is going to play out in the courtroom. this judge will have to decide what happens next here. this judge earlier in the day instructed the jury to go back and work more at it. that s when he did that, the jury note perhaps left a little question because the jury note in particular at that point said if we can t come to consensus on a single count what should we do? a lot of people, maybe even the judge interpreted this as they couldn t reach consensus on one count but they can t come to
back to you. this jury saying we can t agree on ten. we can agree on eight. jake ma jake? thank you. evan, what just happened? well, that s right, jake. a thing that the judge is now discussing with both the prosecution and paul manafort s lawyers is what he can do next. we expect that one of the possibilities here would be for the judge to tell the jury, almost 5:00 right now. usually the jury goes home at about 5:00, 5:30. perhaps give them another shot at trying to bridge the gap on those ten counts. so far they say they have not been able to reach consensus on. i think that s where the prosecution prefers for the young to do, at least urge the jury just try one more time and perhaps if they can t by tomorrow morning then he can consider the other option as jessica pointed out. the judge raised the possibility that if the jury reaches a
agreed on friday to allow everyone to leave so that one had an event that evening. this is not jury that hates being around each other but you do have them trying to put the nose to the pavement and get the job done and i bet the next note is about being deadlocked on a particular charge. thank you. in new york, the case of michael cohen, joining me on the phone is preet barara. he was the district attorney there. what is your reaction to the case going on with michael cohen right now as obviously happening at the same time that there s a jury seems to be coming to some sort of conclusion in the case against paul manafort? and, bob mueller is also asking for another delay in sentencing against michael flynn suggesting that maybe there s something there that he s still getting cooperation on or sources and methods he doesn t want to reveal. yeah.