Washington - Federal prosecutors in New York are examining whether US President Donald Trump's former lawyer, Michael Cohen, committed tax fraud in relation to his taxi-medallion business, the Wall Street Journal reported on Tuesday.
Cohen, who was Trump's personal lawyer, has not been charged with any crime. The Federal Bureau of Investigation seized documents and files as part of investigations by federal prosecutors in New York stemming from a referral by the US special counsel's office, which is looking into possible coordination between Trump 2016 campaign aides and Russia.
Moscow denies interfering in the US election and Trump denies collusion by his campaign, describing the probe as a political witch hunt. Asked for comment by Reuters, Lanny Davis, an attorney for Cohen, said “in light of ongoing investigation, I am unable to respond.” A spokesman for the US attorney's office in Manhattan, which is handling the investigation, declined to comment.
Federal authorities are assessing whether income from Cohen's taxi-medallion business was underreported in federal tax returns, according to the newspaper, citing one person familiar with the matter.
In New York, licensed cabs must display a medallion, a metal badge sold by the city. Before the advent of ride-hailing services like Uber, the medallions were a potentially lucrative investment.