It is unclear if this is just another tactic to gain leverage on Cohen to get him to flip on President Trump. But it looks like the problems for Cohen keep getting worse.
President Trump's former longtime attorney Michael Cohen is reportedly being investigated for tax fraud.
The Wall Street Journal, citing multiple people familiar with the investigation, reported Tuesday that federal prosecutors in New York are evaluating whether Cohen’s income from his taxi-medallion business was misreported in federal tax returns.
Prosecutors are also examining if any bank employees improperly allowed Cohen to receive loans without providing sufficient documentation.
The Journal reported that federal investigators are particularly focused on Cohen’s relationship with Sterling National Bank, which provided financing for Cohen’s taxi-medallion business.