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Donald Trump's ex-lawyer being investigated for tax fraud, says report
Updated On: 08 August, 2018 09:10 AM IST | New York | AFP
He was involved in efforts to hush up allegations from a former Playboy model about an affair with Trump and paid USD 130,000 to porn star Stormy Daniels to silence her own claims of an alleged one-night stand with Trump in 2006
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Donald Trump
President Donald Trump's former personal lawyer Michael Cohen, who is under federal investigation in New York, is being investigated for possible tax fraud, The Wall Street Journal reported today. Federal authorities are examining whether Cohen's income -- potentially hundreds of thousands of dollars -- from his taxi medallion business was under-reported in federal tax returns, the newspaper said.
The report also alleged that prosecutors were investigating whether employees of Sterling National Bank improperly allowed Cohen to obtain loans for his taxi business even though he failed to provide adequate documentation. Convictions for tax and bank fraud carry potentially hefty prison terms, which the newspaper said could put additional pressure on Cohen to cooperate with prosecutors in the event that he is charged.
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