No. of Recommendations: 1
From the WSJ:

One of President Donald Trump’s longtime legal advisers said he warned the president in a phone call Friday that Michael Cohen, Trump’s personal lawyer and close friend, would turn against the president and cooperate with federal prosecutors if faced with criminal charges.

Trump made the call seeking advice from Jay Goldberg, who represented Trump in the 1990s and early 2000s. Goldberg said he cautioned the president not to trust Cohen. On a scale of 100 to 1, where 100 is fully protecting the president, Cohen “isn’t even a 1,” he said he told Trump.

Note the implications of this advice.

His advice to Trump tells us two things:
First of all, it assumes that Cohen is faced with major jail time for serious crimes. If this was limited to a felony campaign financing violation or false statements in the paperwork for that loan to pay the porn star, Cohen might be facing a year or two, and would certainly not be tempted to cooperate and betray the man he has sworn his eternal loyalty to.

Second, Goldberg believes that Cohen has something serious to offer to investigators. As a long-time lawyer of Trump, Goldberg obviously has a good understanding of the way Trump conducts his business and of the kind of things Trump might or might not have done. And he apparently thinks that Cohen has knowledge of major crimes Trump has committed.

The most obvious possibility would be money laundering for Russian and FSU organized crime figures. After Trump went bankrupt in the 90s, he had trouble getting money from US banks and investors, and from then on money from the former Soviet Union (FSU) became a very important source of funding for him. For the last ten years, Cohen has apparently been an important conduit for FSU money.
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