UPDATE: Cohen has entered a guilty plea and will face up to five years in prison for a series of charges.

MORE: Michael Cohen expected to appear in federal court in Manhattan at 4 p.m. ET; some of the charges will be related to campaign finance violations, @PaulaReidCBS reports https://t.co/i2MCTOwU0l pic.twitter.com/NdBPYAVe9L — CBS Evening News (@CBSEveningNews) August 21, 2018

Counts 1-5. Tax evasion 2012-2016

Count 6 false statement to financial institution Feb 2015-April 2016

Count 7 willful cause of unlawful corporate contribution June 2016-Oct. 2016

Count 8 excessive campaign contribution on Oct. 27, 2016 — Stephen Brown (@PPVSRB) August 21, 2018

NEWS: Cohen just described, in court, how he violated campaign finance laws by arranging payment for Stormy Daniels and Karen McDougal. He said he violated federal law "in coordination with and at the direction of a federal candidate for office" Meaning Trump.



Via @TheLeadCNN — Yashar Ali ?? (@yashar) August 21, 2018

***Original Post***

Michael Cohen, President Trump's former and longtime lawyer, is expected to plead guilty to a number of charges in a New York City federal court room Tuesday afternoon.

Per @KaraScannell, Cohen isn't flipping, he's just agreeing to plea guilty.



I assume that means one of three things is true



1. He doesn't want to cooperate

2. Doesn't have anything of value

3. The Feds already have what he's willing to offer



Story: https://t.co/JksTSToK1k pic.twitter.com/mC6nAQupoR — Yashar Ali ?? (@yashar) August 21, 2018

Barricades were just put up outside the Manhattan federal courthouse at 500 Pearl Street pic.twitter.com/FlhfdTci6K — erica orden (@eorden) August 21, 2018

Michael Cohen has surrendered to the FBI ahead of a 4p court proceeding where the government is expected to disclose a plea deal, according to a law enforcement source, per @ShimonPro. — erica orden (@eorden) August 21, 2018

In April, FBI agents raided Cohen's New York City law office and hotel room where he was staying. He has not been indicted on any charges, although prosecutors are reportedly looking at his business finances very closely and he'll likely get nailed for tax fraud.

Watch the latest video at foxnews.com

Meanwhile, the sentencing date for former White House National Security Advisor Michael Flynn has been postponed and a jury in Alexandria, Virginia continues to deliberate over charges against former Trump campaign chairman Paul Manafort.