Sept. 14 (UPI) -- Paul Manafort, President Donald Trump's former campaign manager, pleaded guilty Friday and said he will cooperate with prosecutors -- in a plea deal in a money-laundering and foreign lobbying case.
His trial, brought by special counsel Robert Mueller, was scheduled to begin with jury selection in Washington, D.C., Monday. The plea deal means he will not stand trial.
Prosecutor Alexander Weissman called the settlement a "cooperation agreement" and said it now depends on Manafort's "successful cooperation."
Prosecutors indicated Manafort will work with Mueller's team, which is examining potential collusion between the Trump campaign and the Russian government before the 2016 presidential election.
If he cooperates, Mueller could be a significant witness for prosecutors in the case.
White House press secretary Sarah Sanders issued a statement after the deal was announced.
"This had absolutely nothing to do with the President or his victorious 2016 Presidential campaign," she said. "It is totally unrelated."
Prosecutors reduced the set of charges against Manafort on Friday from seven to two. He is now accused of conspiracy against the United States and conspiracy to obstruct justice. The charges accuse him of a conspiracy involving money laundering, tax fraud, failure to report foreign bank accounts, violating rules requiring registration of foreign agents, lying and witness tampering while performing consulting work with a Ukrainian political party.
Friday's new charging document appears to resolve the trial in Washington, as well as a separate prosecution in Virginia that ended with Manafort's conviction last month. A jury found him guilty on eight counts of submitting false tax returns, failure to report foreign bank and financial accounts and bank fraud.
Manafort has not yet been sentenced in the Virginia case.
Friday's charging document replaces the prior indictment and calls for Manafort's forfeiture of real estate, money in four bank accounts and a life insurance policy.
It's not yet clear if Manafort, who has been jailed since June, will face prison time.