This contradicted what he said previously, so his credibility as a witness is not good. And if Trump didn’t pay for it out of campaign funds, it’s not a violation.
Via Fox News:
Michael Cohen, President Trump’s longtime personal attorney, admitted Tuesday to violating federal campaign finance law by paying $130,000 in hush money to adult film star Stormy Daniels in October 2016 “at the direction” of then-candidate Trump. — as part of a plea deal in connection with the financial fraud investigation against him.
As part of a plea deal in connection with the financial fraud investigation against him, Cohen pleaded guilty to five counts of tax evasion, one count of making a false statement to a financial institution, one count of willfully causing an unlawful corporate contribution, and one count of making an excessive campaign contribution.
Cohen could receive up to 65 years in prison. However, a source familiar with the deal told Fox News that Cohen will only be jailed for between three and five years. The deal does not involve a cooperation agreement with federal prosecutors.