Trump's former attorney pleads guilty to illegal campaign contributions

Michael Cohen left federal court on bond after telling the judge that Donald Trump directed him to arrange hush money payments.
2:54 | 08/22/18

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Transcript for Trump's former attorney pleads guilty to illegal campaign contributions
Ri to our story, that do legal blow for president tr S former camign chair Paul mana convict on bank and tax fraud charges just mutes after Michael Cohen pleaded guilty ineral court to camp finance crimes that he says he cmitted at the direction of candidate trump. A shell claim and that's where we begin with ABC's chief nationorrespondent tllamas. Good morning, Tom. Eporter: GE, good morning. A stunning D incourt. Michael Cohen used to his loyalty to president trump but that M UND Lal pressure. Cohen wd to shield the presidenom any typ of ble, now pointing fingerright am. This morning, Michael Cohen T president's longtime personal attorney a F facing pn time leaving fed C on Tuesday on a0,000 . Michael, what's Y message to the esident? Reporter: Cohen silent outscourt but inside telling the judge presidentmp as a direc him to arhoney agreements saying I parpated in this cot for the principal ose oflucing the election. Crimes. Those payments to P starrmy Daniels just 11 days before the election. The preside ini claiming he didn't know Abo the payment. Did you know about $130,0ayment to stormy Daniel No.se? Reporter: Cohen also admig to coordinating the $150,000 ffo former playmate karenga which included selling her S of a ar-long affair with Mr. Trumpto "The national enquir Cohen secretly recording6 conversa allegedly discussing this matter with Mr. Trump. When it comes time F the financing which will B- listen, what finceing? Wave to pay. Pay W cash? No, no,. I got -- no, no noeporter: He was president trump's right-hand mor more than decade. I'll do anything to prote Mr. Trump. I'm obviouslery loyal and very dedicated to Mr. Reporter: But that changed when home and hotel were Rd by the FBI I April. By June, pre was mounting. Cohen telling George during an interview my wife,y daughter and my son have my F loyalty and alys . I put family and country fi anafter that guilty plea the presidenrrent legal tea saying th there is no alle of anywrongdoing nsthe president the government's charges against Mr. Cohen. It is clear that as the prosecutor nod, M Cohen's actions reflect a pattern of liesnd dishonesty over a significant period of time. Anchael Cohen also pleading guilty T evasion bank fraud.he faces serious prisonime and the big question, W H cooperate wiederal prosecutors including with special counsel in the Russia investigation?

This transcript has been automatically generated and may not be 100% accurate.

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