Cohen Investigated for Bank Fraud

“Federal authorities investigating whether President Trump’s former personal lawyer and fixer, Michael Cohen, committed bank and tax fraud have zeroed in on well over $20 million in loans obtained by taxi businesses that he and his family own,” the New York Times reports.

“Investigators are also examining whether Mr. Cohen violated campaign finance or other laws by helping to arrange financial deals to secure the silence of women who said they had affairs with Mr. Trump. The inquiry has entered the final stage and prosecutors are considering filing charges by the end of August, two of the people said.”

“Any criminal charges against Mr. Cohen would deal a significant blow to the president.”