The Department of Justice is prepared to indict former Sen. John Edwards (D-N.C.) for allegedly violating campaign finance laws in an attempt to hide an affair, according to multiple reports.

Edwards reportedly knows about the plan and is considering his options. He could make a plea arrangement or face a trial, which could be long and costly.

An an indictment or a plea bargain could happen within the next two weeks, according to reports.

The Department of Justice plans to argue that two wealthy supporters donated hundreds of thousands of dollars to the Edwards campaign -- money that went to support Rielle Hunter, a videographer for Edwards' campaign with whom Edwards had an affair.  The government will claim the funds were illegal campaign contributions.