Cohen Gets More Bad News

Michael Cohen has been under investigation for months. Now federal investigators are looking into whether Cohen committed bank fraud and campaign finance violations. The bank fraud in question is reported to exceed $20 million.

According to Fox News:

Federal investigators in New York are reportedly working to determine if Michael Cohen—President Trump’s former lawyer—committed bank fraud on over $20 million worth of loans, and possible campaign finance violations.

The New York Times on Sunday reported that the loans in question were for a taxi business that is owned by Cohen and his family.

Investigators are trying to determine if he misrepresented assets in order to obtain the loans from Sterling National Bank and the Melrose Credit Union, the report said, citing people familiar with the matter.

The Justice Department has been investigating Cohen for months, raiding his home, office and hotel room in search of documents related to former Playboy model Karen McDougal and a separate $130,000 payment the attorney facilitated before the election to Stormy Daniels, an adult-film actress who says she had sex with Trump in 2006.

Reports do not indicate if Cohen is working on a deal with prosecutors. Cohen’s attorney, Lanny Davis, declined to comment on the investigation.


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