Cohen, Trump's Ex-Lawyer, Investigated for Bank Fraud in Excess of $20 Million
Source: New York Times
Federal authorities investigating whether President Trump’s former personal lawyer and fixer, Michael D. 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, according to people familiar with the matter.
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. Mr. Cohen, 52, worked for the president’s company, the Trump Organization, for more than a decade. He was one of Mr. Trump’s most loyal and visible aides and called himself the president’s personal lawyer after Mr. Trump took office.
The bank loans under scrutiny, the total of which has not been previously reported, came from two financial institutions in the New York region that have catered to the taxi industry, Sterling National Bank and the Melrose Credit Union, according to business records and people with knowledge of the matter, including a banker who reviewed the transactions.
Read more: https://www.nytimes.com/2018/08/19/nyregion/michael-cohen-loans-donald-trump.html?smtyp=cur&smid=tw-nytimes
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and the average Joe struggles with the simplest of loans.
After the Great Recession, Democrats passed legislation to reduce financial corruption.
After THESE Republicans are done, Democrats are going to have so much more to do!
NEW YORK (AP) — President Donald Trump’s personal attorney, whose business dealings are being investigated by the FBI, and the lawyer’s father-in-law have lent $26 million in recent years to a taxi mogul who is shifting into the legalized marijuana industry, according to documents obtained by The Associated Press.
Semyon “Sam” Shtayner, a longtime business associate of Michael Cohen’s father-in-law, created Nevada-based Cannaboss LLC the day before the 2016 election. A few months later, he took a majority position in a company that is provisionally licensed to cultivate medicinal marijuana and produce edibles, the records show.
Snip
It’s not clear whether Shtayner used any of the loans — $6 million of which have come directly from Cohen since 2014 — to finance his grow operation.
https://talkingpointsmemo.com/news/cohen-and-father-in-law-taxi-mogul-loan-marijuana-business
Michael Cohen, President Donald Trump’s former personal attorney and longtime “fixer” who is currently under federal criminal investigation, reportedly purchased a $6.7 million New York City apartment around the same time that Cohen’s Manhattan office, home and hotel room was raided by the FBI.
The apartment purchased in early April is in a Manhattan skyscraper developed by longtime friends of the president, Howard Lorber and Steve Witkoff, according to The Wall Street Journal. The deal was in the works since November 2017.
On April 9, around the same time Cohen closed on his multimillion-dollar apartment, prosecutors seized documents about a possible misuse of funds when Cohen made a $130,000 payment to Stormy Daniels as hush money over an alleged affair with the president. Trump has continued to deny the affair ever occurred.
https://www.newsweek.com/michael-cohen-million-dollar-apartment-fbi-raid-1024190
Whasssupppp, COHEN??
Cohen and 'Taxi King' Evgeny Freidman has testified
before the grand jury hearing evidence against Cohen, NYT reports.
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OH, and what other accountant/Chief Financial Officer of the Trump Organization is due for a little tete-a-tete with a GRAND JURY?!?
Allen Weisselberg
HAHHAHAHAHHAAAHAAA!!!!
GOOD TIMES, MAN
2. Still looking into campaign finance violations
3. Whether Cohen failed to report income from taxi medallions to IRS
4. They may file charges as soon as late August
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Proof of media bias: They never write about the Trump
associates who are NOT being investigated for bank fraud
and tax fraud.
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Massive loans against a taxi service you say? Why, if I didn’t
know better I’d say this is a mob roll-up!
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What exotic animals do ya reckon HE made into fugly jackets?#ThePlotUmmmWhatIsTheOppositeOfThickensInThisContext
Cohen, Trump’s Ex-Lawyer, Investigated for Bank Fraud in Excess of $20 Million https://nyti.ms/2OKRfaX
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“LATE AUGUST” is in about 4 days, ain’t it?!?
OH HOLY HELL!!!!
Cohen's documents and tapes were already confiscated by the feds last Spring, I think maybe it was April? They have a lot to comb through, but Cohen is actually helping them now. He's telling them what to look for, and it's saving lots of time.
So this is a good thing IMHO.
