WEBVTT - Bloomberg Law Brief: Mueller Investigation’s Next Steps (Audio)

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<v Speaker 1>Well, now it's time for our Bloomberg Law Report. It's

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<v Speaker 1>we're watching this morning with Steve Podusk in the Bloomberg

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<v Speaker 1>Washington Newsroom. More regulation may not be the best answer

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<v Speaker 1>to protecting the financial system against cyber attacks. Instead, Federal

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<v Speaker 1>Reserve officials say am more flexible approach will be tried.

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<v Speaker 1>The Agriculture Department is withdrawing proposed biotechnology regulations that were

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<v Speaker 1>issued under the Obama administration after critical public comments from

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<v Speaker 1>indistrict groups, and a person familiar with the matter says

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<v Speaker 1>Senate tax writers plan to keep the mortgage interest deduction

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<v Speaker 1>limit at one million dollars, unlike House legislation that sets

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<v Speaker 1>a calp of five hundred thousand dollars for new home sales.

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<v Speaker 1>Bloomberg Law everything you need, all on one legal research platform,

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<v Speaker 1>at Bloomberg law dot com. Now in other legal news,

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<v Speaker 1>let's take a look at the latest developments in Special

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<v Speaker 1>Counsel Robert Mueller's investigation into Russian interference in the election,

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<v Speaker 1>which is now said to focus on former National Security

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<v Speaker 1>Advisor Michael Flynn. For more on this story, Bloomberg Law

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<v Speaker 1>host Michael Best spoke with Andrew Kent, a professor at

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<v Speaker 1>Fordham University Law School. Andrew, what do we know about

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<v Speaker 1>what the Special Council is looking at Michael Flynn and

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<v Speaker 1>his son? For Oh, we haven't had anything that I've

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<v Speaker 1>seen come directly from Mueller's office, but certainly based on

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<v Speaker 1>what's been reported in the press over the last six months,

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<v Speaker 1>I think we have a pretty good idea of what

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<v Speaker 1>it might be. Um. I think probably the most likely

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<v Speaker 1>thing would be a charge related to his acting as

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<v Speaker 1>UM an agent of the Turkish Turkish government without registering

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<v Speaker 1>with the Department of Justice, as he's required to by

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<v Speaker 1>federal law. If it's come out now that he has

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<v Speaker 1>enough evidence to bring charges against Flynn, it can't be that,

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<v Speaker 1>you know, this just suddenly happened. UM. One would think

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<v Speaker 1>he's known that for a while, so it would appears

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<v Speaker 1>he's making decisions about what order to charge people in

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<v Speaker 1>and for what. So we have these Manifort and Gates

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<v Speaker 1>indictments and now we're finding out about Flynn. What what

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<v Speaker 1>can you discern from all this about the way in

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<v Speaker 1>which he's trying to play a strategy out in this investigation. Well,

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<v Speaker 1>a number of people saw the distinction between the Manafort

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<v Speaker 1>charges and then what happened with Papadopoulos as trying to

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<v Speaker 1>send a message to people in Flynn's shoes. And so

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<v Speaker 1>Manafort had seemingly failed to cooperate with Mueller and he

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<v Speaker 1>really got slammed in terms of the number of charges filed,

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<v Speaker 1>and Mueller is seeking a lot of forfeiture from from Manafort,

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<v Speaker 1>Uh Engates as well. Papa Appas, on the other hand,

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<v Speaker 1>came off with, you know, just one charge and you know,

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<v Speaker 1>we don't know anything about sentence exposure, but probably could

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<v Speaker 1>end up with very little, if any jail time. Perhaps,

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<v Speaker 1>So a lot of people saw that as saying, you know,

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<v Speaker 1>get on the right side of this, cooperate with with

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<v Speaker 1>Mueller's probe, and we will treat you fairly. And certainly,

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<v Speaker 1>Michael flann is somebody who's been extremely close to Trump

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<v Speaker 1>going way back on the campaign and then obviously served

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<v Speaker 1>as his National security advisor seems like somebody who has

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<v Speaker 1>a large amount of information, and so he would probably

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<v Speaker 1>be precisely the type of person that Muller would be

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<v Speaker 1>sending those signals to. Um, you know, cooperate and and

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<v Speaker 1>you know, get some lesser charges or if not, we're

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<v Speaker 1>going to really throw the book at you. And that's

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<v Speaker 1>Andrew Kent, a professor at Fordham University Law School, speaking

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<v Speaker 1>with the Bloomberg's Michael Bass. You can listen to Bloomberg

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<v Speaker 1>Law weekdays at one pm Wall Street Time here on

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<v Speaker 1>Bloomberg Radio, and find more legal news at Bloomberg Law

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<v Speaker 1>dot com. Attorneys will find exceptional legal research and business

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<v Speaker 1>development tools there as well. Visit Bloomberg Law dot com

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<v Speaker 1>for more information.