Cohen insists he's never done business with Taxi King

Cohen insists he's never done business with Taxi King

Freidman faced allegations that he failed to pay $5 million in taxes, including four counts of tax fraud and one of grand larceny.

Cohen hasn't been charged with wrongdoing.

Cohen is reportedly under criminal investigation in the US for bank fraud and campaign finance law violations, among other things. The 51-year-old is now under investigation for a number of possible crimes, including potential campaign finance violations related to his $130,000 payout in 2016 to Stormy Daniels - the porn star who says she had an affair with Trump in 2006.

That question should frighten both Cohen and President Trump's legal team.

By 2003, Cohen owned a fleet of 200 taxi cabs, working in partnership with a Ukrainian immigrant named Simon Garber.

Freidman's cooperation agreement could be a significant development for Cohen, whose personal business practices are under investigation by the US attorney for the Southern District of NY.

"Nobody at the BBC bothered to verify the claim with us, or even request comment, as is basic journalistic practice", he said.

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Friedman, dubbed the "Taxi King", has reportedly for years managed Cohen's taxi companies in NY and Chicago.

Freidman's sentencing for failing to pay $50,000 in taxes is postponed for a year, another indication he may be cooperating with the government. And he's going to be put on probation for about five years because of the plea deal that he made. He pleaded to a single count.

"Today, the "Taxi King" admitted that he built his empire by stealing from New Yorkers", acting attorney general Barbara Underwood said in a statement. "Our office will continue to hold accountable those who cheat the system". He in turn used personal contacts in a Jewish charity in NY state, Chabad of Port Washington. At the time, Cohen said the taxes were owed not by him but by Freidman.

But Cohen insisted the press was mischaracterizing their relationship, describing himself as "one of thousands of medallion owners who entrust management companies to operate" their medallions, and concluding his tweet with the hashtag #MediaWrongAgain. Those are different taxi partners, and there's nothing at all weird about Cohen loaning $6 million to the Shustermans while taking out HELOCs for $130k.

Freidman has for years managed a number of taxi medallions for Cohen in New York City and Chicago, and the pair have been friends since the 1990s.

Before Cohen's intervention, Ukrainian representatives were only able to get a brief photo op for the Ukrainian president - who has been openly critical of Russian President Vladimir Putin - with Mr. Trump.

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