According to NBC News, he is:
Federal investigators have gathered enough evidence to bring charges in their investigation of President Donald Trump's former national security adviser and his son as part of the probe into Russia's intervention in the 2016 election, according to multiple sources familiar with the investigation.
Michael T. Flynn, who was fired after just 24 days on the job, was one of the first Trump associates to come under scrutiny in the federal probe now led by Special Counsel Robert Mueller into possible collusion between Moscow and the Trump campaign.
If the story is true, the only way he's getting out of this is if he flips on someone bigger:
Mueller is applying renewed pressure on Flynn following his indictment of Trump campaign chairman Paul Manafort, three sources familiar with the investigation told NBC News.
It doesn't get much bigger than a recent Cabinet member... and Mueller getting pretty much anyone I could think of that's higher on the food chain would make me awfully happy.
Jared Kushner was basically shadowing Flynn for a while. He's my best guess.
UPDATE (11/5/17, 12:28 ET): Seth Abramson thinks Mueller's thinking bigger than that:
Not to beat this drum again, but remember: if Mueller is willing to offer the former NSA of the United States a deal, his TARGET is Trump.
— Seth Abramson (@SethAbramson) November 5, 2017
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