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Report: Michael Cohen is being investigated for tax fraud
The Wall Street Journal reported the FBI is investigating whether the President of Trump’s former attorney is not entirely the income from his New captures-York-City-taxi-company; reaction from former Prosecutor Bob Bianchi.
Prosecutors are investigating the, Michael Cohen, President of Trump’s former personal lawyer, on alleged tax fraud, The Wall Street Journal reported on Tuesday.
The paper reported that the authorities were on the search, whether the income is from Cohen’s taxi-medallion business was not fully recognized in the federal income tax. The investigators were also looking whether the bank’s employees provided Cohen with a loan, for which he did not have sufficient documentation, the report said.
The magazine also reported that prosecutors have subpoenaed Jeffrey Getzel, a book holder, ready to many of Cohen’s annual financial statements for submission to the banks. Getzel also worked for the taxi-medallion-manager Evgeny Freidman, in cooperation with the Federal investigation.
Cohen’s lawyer, Lanny Davis, Fox News said that “in view of the ongoing investigation, I’m not in the situation,” the report.
Prosecutors have previously said that they were investigating fraud in Cohen’s business, but not publicly announced details. Cohen has not been charged with a criminal offence.
Previous reports have pointed out that the investigators are investigating whether Cohen committed the bank fraud, campaign Finance violations of human rights or other crimes, if he paid adult film star Stormy Daniels 130.000 US-Dollar to keep quiet about an alleged affair she had with trump in 2006.
Federal investigators recorded a RAID on Cohen’s home, office and hotel rooms in April and seized more than four million electronic communications, recorded conversations, videos and other documents. These items are currently in the examination by a court-appointed “special master” to determine what is covered by the attorney-client privilege.
Lawyers for Cohen, Trump and the Trump organization referred to 12.000 documents to treat as secret and confidential. As of Thursday, Jones was gone, over 9,000 files, and largely split their decisions: they said 3,600 not qualify as privileged or highly personal.
Fox News’ John Roberts and The Associated Press contributed to this report.
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