Cohen launches GoFundMe with $500,000 goal
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A GoFundMe page to cover the legal expenses for former Trump attorney Michael Cohen was launched on Wednesday with a goal of raising $500,000.

Lanny Davis, Cohen's lawyer and an opinion contributor for The Hill, is listed as the administrator of the page, titled the "Michael Cohen Truth Fund." The page had racked up more than $20,000 in donations as of 9:20 a.m. Wednesday.

"Michael decided to put his family and his country first. Now Michael needs your financial help — to pay his legal fees," the page description states.

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The donations will help Cohen "as he goes forward on his journey to tell the truth about Donald TrumpDonald John TrumpTrump administration eyes proposal to block jet engine sales to China: report Trump takes track to open Daytona 500 Brazile 'extremely dismayed' by Bloomberg record MORE," the page states.

Cohen on Tuesday pleaded guilty to bank fraud, tax fraud and campaign finance law violations in the Southern District of New York.

While reviewing the charges, Cohen told the judge that he made two six-figure payments to women at the direction of a candidate for federal office, essentially implicating the president. 

Cohen did not refer to Trump by name during the proceedings, but his comments match the accounts of payments to adult-film star Stormy Daniels and Playboy model Karen McDougal. Both women have said they were paid to remain quiet about alleged affairs with the president.

Prosecutors additionally alleged Cohen failed to disclose $4.1 million in reported income, which allowed him to obtain various loans which he would otherwise have not have been able to access.

Cohen was released on $500,000 bond. He is due back in court for sentencing on Dec. 12.

Davis has said in the aftermath of Cohen's plea that his client is not hoping for, nor would he accept, a pardon from Trump. Davis said Cohen would also be willing to share what he knows with special counsel Robert MuellerRobert (Bob) Swan MuellerCNN's Toobin warns McCabe is in 'perilous condition' with emboldened Trump CNN anchor rips Trump over Stone while evoking Clinton-Lynch tarmac meeting The Hill's 12:30 Report: New Hampshire fallout MORE.

Trump on Wednesday morning offered his first public comments on Cohen's plea, recommending against retaining the services of his long-time personal fixer.

"If anyone is looking for a good lawyer, I would strongly suggest that you don’t retain the services of Michael Cohen!" Trump tweeted.