Michael Cohen will give Congress evidence of Trump criminal conduct since becoming president

During his much-anticipated public testimony before Congress, President Donald Trump's former longtime attorney Michael Cohen will provide evidence of his old boss' criminal conduct since becoming president, a knowledgeable source about what to expect told NBC News.

And, as this source laid out, there is much more congressional investigators and viewers can expect Cohen to provide.

Trump's ex-attorney will detail what he will describe as the president's lies, racism and cheating as a private businessman while Cohen spent a decade working for him, the source said.

Cohen will also reveal information about Trump's financial statements and may actually provide the statements, the source said. This information would require the president's long-held secret tax returns in order to verify, providing an avenue for House Committee on Oversight and Government Reform to request those returns. As the source said, Trump deflated the value of his properties in some cases so to reduce his property tax.

Related: Trump’s former lawyer, Michael Cohen pleads guilty 

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Trump's former lawyer, Michael Cohen pleads guilty
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Trump's former lawyer, Michael Cohen pleads guilty
NEW YORK, NY - AUGUST 21: Michael Cohen, President Donald Trump's former personal attorney and fixer, exits federal court, August 21, 2018 in New York City. Cohen reached an agreement with prosecutors, pleading guilty to charges involving bank fraud, tax fraud and campaign finance violations. (Photo by Drew Angerer/Getty Images)
U.S. Deputy Attorney Robert Khuzami speaks to the media outside the the Daniel Patrick Moynihan United States Court House after U.S. President Donald Trump's former lawyer, Michael Cohen plead guilty to eight criminal counts in lower Manhattan, New York City, U.S. August 21, 2018. REUTERS/Brendan McDermid
Michael Cohen, former personal lawyer to U.S. President Donald Trump, center, exits from federal court in New York, U.S., on Tuesday, Aug. 21, 2018. Trump's longtime lawyer and fixer�Michael Cohen�appeared in federal court Tuesday pleading guilty to federal charges stemming from hush payments to women who claimed to have had affairs with the president. Photograph: Victor J. Blue/Bloomberg via Getty Images
NEW YORK, NY - AUGUST 21: A crowd gathers before Michael Cohen, former lawyer to U.S. President Donald Trump, exits the Federal Courthouse on August 21, 2018 in New York City. Cohen admitted to violating federal campaign finance laws at the direction fo then-Presidential candidate Trump. (Photo by Yana Paskova/Getty Images)
NEW YORK, NY - AUGUST 21: A woman seen inside the Federal Courthouse before Michael Cohen, former lawyer to U.S. President Donald Trump, exits the Federal Courthouse on August 21, 2018 in New York City. Cohen admitted to violating federal campaign finance laws at the direction fo then-Presidential candidate Trump. (Photo by Yana Paskova/Getty Images)
U.S. President Donald Trump's former lawyer, Michael Cohen, leaves the Daniel Patrick Moynihan United States Court House in lower Manhattan, New York City, U.S. August 21, 2018. REUTERS/Mike Segar
U.S. Deputy Attorney Robert Khuzami walks to speak to the media outside the the Daniel Patrick Moynihan United States Court House after U.S. President Donald Trump's former lawyer, Michael Cohen plead guilty to eight criminal counts in lower Manhattan, New York City, U.S. August 21, 2018. REUTERS/Mike Segar
U.S. President Donald Trump's former lawyer, Michael Cohen, leaves the Daniel Patrick Moynihan United States Court House in lower Manhattan, New York City, U.S. August 21, 2018. REUTERS/Mike Segar
U.S. Deputy Attorney Robert Khuzami speaks to the media outside the the Daniel Patrick Moynihan United States Court House after U.S. President Donald Trump's former lawyer, Michael Cohen plead guilty to eight criminal counts in lower Manhattan, New York City, U.S. August 21, 2018. REUTERS/Mike Segar
U.S. President Donald Trump's former lawyer, Michael Cohen, leaves the Daniel Patrick Moynihan United States Court House in lower Manhattan, New York City, U.S. August 21, 2018. REUTERS/Brendan McDermid
U.S. President Donald Trump's former lawyer, Michael Cohen, leaves the Daniel Patrick Moynihan United States Court House in lower Manhattan, New York City, U.S. August 21, 2018. REUTERS/Mike Segar
U.S. President Donald Trump's former lawyer, Michael Cohen, arrives to his apartment building after attending the federal court in New York City, U.S. August 21, 2018. REUTERS/Eduardo Munoz
Robert Khuzami (R), Deputy US Attorney for the Southern District of New York, speaks to the press outside federal court on August 21, 2018 in New York, after Michael Cohen, Donald Trump's longtime personal lawyer and fixer, pleaded guilty to eight counts, including fraud and campaign finance violations. (Photo by Don Emmert / AFP) (Photo credit should read DON EMMERT/AFP/Getty Images)
NEW YORK, NY - AUGUST 21: Michael Cohen, former lawyer to U.S. President Donald Trump, exits the Federal Courthouse on August 21, 2018 in New York City. Cohen reached an agreement with prosecutors, pleading guilty to charges involving bank fraud, tax fraud and campaign finance violations.(Photo by Yana Paskova/Getty Images)
NEW YORK, NY - AUGUST 21: Michael Cohen, former lawyer to U.S. President Donald Trump, exits the Federal Courthouse on August 21, 2018 in New York City. Cohen reached an agreement with prosecutors, pleading guilty to charges involving bank fraud, tax fraud and campaign finance violations.(Photo by Yana Paskova/Getty Images)
NEW YORK, NY - AUGUST 21: Police gather before Michael Cohen, former lawyer to U.S. President Donald Trump, exits the Federal Courthouse on August 21, 2018 in New York City. Cohen reached an agreement with prosecutors, pleading guilty to charges involving bank fraud, tax fraud and campaign finance violations. (Photo by Yana Paskova/Getty Images)
NEW YORK, NY - AUGUST 21: Michael Cohen, President Donald Trump's former personal attorney and fixer, exits federal court, August 21, 2018 in New York City. Cohen reached an agreement with prosecutors, pleading guilty to charges involving bank fraud, tax fraud and campaign finance violations. (Photo by Drew Angerer/Getty Images)
Michael Cohen, former personal lawyer to U.S. President Donald Trump, exits from federal court in New York, U.S., on Tuesday, Aug. 21, 2018. Trump's longtime lawyer and fixer�Michael Cohen�appeared in federal court Tuesday pleading guilty to federal charges stemming from hush payments to women who claimed to have had affairs with the president. Photograph: Victor J. Blue/Bloomberg via Getty Images
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The source said Cohen will address his motives for lying on behalf of Trump and why he lied to Congress about the Trump Tower Moscow negotiations — a charge he pleaded guilty to late last year. Cohen will additionally discuss if anyone told him to lie.

In addition to his public session on Wednesday, Cohen will testify behind closed doors to the Senate Intelligence Committee on Tuesday and the House Intelligence Committee on Thursday.

The House Oversight Committee earlier provided the framework for what they want Cohen to address during his open testimony.

In December, Cohen was sentenced to three years in prison for what a Manhattan federal court judge called a "veritable smorgasbord" of criminal conduct, including facilitating secret payments to women who claimed they had affairs with Trump, lying to Congress about the president's business dealings with Russia and failing to report millions of dollars in income.

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