In audio obtained by the Wall Street Journal, President Trump's former personal attorney Michael Cohen denied responsibility for some of the crimes he pleaded guilty to last August, including tax evasion. "It's a lie," he said in a recorded phone call with comedian Tom Arnold. WSJ's Ashby Jones explains what he could mean.
"You would think that you would have folks, you know, stepping up and saying, ‘You know what, this guy’s lost everything,'" Cohen said during the March 25 call, recorded without his knowledge and given to the Wall Street Journal by comedian Tom Arnold.
"My family’s happiness, and my law license," Mr. Cohen continued. "I lost my business, I lost everything, my insurance, my bank accounts, all for what? All for what? Because Trump, you know, had an affair with a porn star? That’s really what this is about."
"There is no tax evasion," Cohen told Arnold, contradicting his earlier guilty plea. "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."