Cohen Under Investigation for Tax Fraud

“The legal pressures facing Michael Cohen are growing in a wide-ranging investigation of his personal business affairs and his work on behalf of his former client, President Trump,” the Wall Street Journal reports.

“In previously unreported developments, federal prosecutors in New York are examining whether Mr. Cohen committed tax fraud… Federal authorities are assessing whether Mr. Cohen’s income from his taxi-medallion business was underreported in federal tax returns… That income included hundreds of thousands of dollars received in cash and other payments over the last five years.”

“Prosecutors also are looking into whether any bank employees improperly allowed Mr. Cohen to obtain loans for which he didn’t provide adequate documentation.”