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Michael Cohen is expected to plead guilty to multiple counts of campaign finance violations, tax fraud and bank fraud as part of the deal, according to three sources.
The deal would include jail time and a substantial monetary fine.
Among the sticking points in the talks, the two sides were negotiating over jail time, according to one source. Cohen is pressing for three years but prosecutors are seeking 50 months.
Cohen has been concerned about asset forfeiture, leaving his family with nothing.
Prosecutors made clear that there was a bigger risk should he go to trial and be found guilty, that he would have forfeit assets.
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