Michael Cohen denies parts of guilty plea in private phone call

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Michael Cohen, President Trump's former lawyer and fixer, denied portions of his February guilty plea in a private phone call recorded without his knowledge by actor and comedian Tom Arnold, as reported by the Wall Street Journal.

The big picture: "There is no tax evasion. ... And the Heloc? I have an 18% loan-to-value on my home. How could there be a Heloc issue? How? Right?… It's a lie," he reportedly said, referring to a criminal charge involving his home-equity line of credit. Cohen's comments are unlikely to have much, if any, effect on his 3-year prison sentence, set to start on May 6, for campaign finance violations, tax evasion and lying to Congress.

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• Cohen had pleaded guilty to criminal charges brought by New York federal prosecutors last August, explicitly stating that he acting knowingly. Since, he has been trying to reduce his sentence by helping with other congressional investigations.

Statement from Lanny Davis, Cohen's attorney:

"Nothing said by Mr. Cohen to Tom Arnold contradicts Mr. Cohen’s previous defense attorney, Guy Petrillo, in his sentencing memorandum to the presiding federal US District Court Judge William H. Pauley III back in December. I would also add the important words used by Special Counsel Robert Mueller, and others, in describing Michael Cohen’s cooperation and testimony as “credible” addressing the “core” issues involved in his investigation."

Go deeper: Recap: Michael Cohen's explosive public testimony