President Trump’s personal lawyer, Michael Cohen, owes hundreds of thousands of dollars in unpaid taxes relating to his ownership of a number of New York City taxi cabs, Bloomberg News reports.
Cohen in April was hit with state warrants for $185,000 in unpaid taxes on his taxi companies, a hefty sum that raise his total tax debt on a number of various taxi firms to $282,000, according to the report.
The top Trump aide built his wealth owning taxi medallions in Chicago and New York before eventually joining the Trump Organization as Trump’s personal “fixer,” the news outlet noted. FBI agents during a no-knock raid of Cohen’s offices sought information related to the medallions, possibly signaling a new look at his finances.
Cohen himself reportedly owns around 30 medallions for taxis in New York and owns about 22 cabs in Chicago.
Lawyers for Cohen declined to comment to Bloomberg, which reports that Cohen says the taxes are actually owned by fellow New York cab mogul Evgeny “Gene” Friedman.
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Michael Cohen ordered to pay $282K in unpaid taxes: https://t.co/IGpIPdOn9r pic.twitter.com/2JBqlSeHO6
— The Hill (@thehill) May 1, 2018
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