By Steve Neavling
Ticklethewire.com
Federal prosecutors aren’t just investigating Michael Cohen over his working and personal relationship with President Trump.
Trump’s former lawyer also is facing scrutiny over potential tax fraud from his taxi-medallion business, the Wall Street Journal reports.
Prosecutors in New York are trying to determine whether the company underreported federal tax returns over the past five years and whether Cohen obtained loans by inflating the values of his assets.
Bank employees also are under investigation for possibly allowing Cohen to obtain the loans for he which didn’t qualify or didn’t have the proper paperwork.
If charged with tax- and bank-fraud, Cohen could face a signifiant time behind bars, which has the potential to scare the lawyer into cooperating with prosecutors.
The charges would be similar to those filed against Trump’s former campaign chairman Paul Manafort, who’s on trial now.
