Cohen entered a guilty plea, with no obligation to cooperate further. He’s done as far as I can tell. There is no conviction, he plead guilty to a whole bunch of stuff that has nothing to do with Trump (surprise!) and one charge of going over campaign finance limits for personal donations, and illegal contributions through a corporation - which I assume is him submitting invoices to Trump’s corporation for reembuersement after paying off the two ladies.
The devil is in the details. Cohen is on record saying he Trump didn’t have any involvement. Now he’s on record saying Trump had “knowledge” of the payments, which BTW isn’t illegal as far as I can tell. It’s the reembuersement. It’s going to be hell making that stick. The prosecutor characterized him as being utterly dishonest. Testimony from him is worthless.
*sigh*... look, as a matter of just plain historical strategy, you might want to hold off for a few days. We’ve been here before about 100 times. You know, the we-have-him-now moment that evaporates like a fart in the wind.
Also note: if this is how they are going to go after him, it’s exactly like I thought. Nothing to do with Russia, “collusion” or anything close.