[ this post has updates below ]

So I’m sitting here minding my own business watching a replay of All In with Chris Hayes and I hear a little gossipy tidbit about Trump consigliere Michael Cohen co-owning taxi medallions in Manhattan. “Oh jeez,” this native New Yorker thought, “there’s a story there.”

You’ll be shocked to learn that, yes, Michael “Says Who?” Cohen’s side gig as a taxi magnate are instructive to the issues he’s facing as Donald Trump’s fixer and make-things-go-away-er.

New York Daily News’lede sentence says it all: “He had money to pay porn star Stormy Daniels $130,000, but not the more than $50,000 to pay the state for his medallion taxes.” We’ll come back to Cohen’s “available funds” in a minute. 

RELATED: DEPOSED TAXI KING IS SUED IN CHICAGO

Cohen partnered with a delightful chap named Evgeny “Gene” Naumovich Freidman, who immigrated from Russia to the United States in 1976 and was actually one of the first taxi executives to push for hybrid vehicles in New York City. But after ride-sharing apps like Uber and Lyft popped up both he and Cohen fell on hard times.

According to that Daily News piece Cohen and his wife owe $54K in back taxes—which started at around $30K but grew due to delinquency. Factor in Wall Street Journal‘s reporting yesterday that Cohen secured nearly $800K in what appears to be a line of credit to assist Trump in making accusers go away, it puts his taxi-related financial woes in sharp relief.

I’ll update this post with new information as I get it. Cohen is legit in a heap of trouble. 🔵

UPDATE: estranged NYC Taxi King Gene Friedman has flipped on Cohen and will cooperate “on state and local cases” says WaPo. from the post:

“Do you understand the nature of the benefit your attorneys have accomplished on your behalf?” Judge Patrick Lynch asked Freidman on Tuesday, a question that should frighten both Cohen and President Trump’s legal team.


Will Pollocksideways is an Atlanta-based freelance multimedia journalist focusing on pop-culture, politics, journalism & media, retail, real estate, travel, politics, and human interest.

He is the author of two books (Pizza for Good & Leaving Triscuit), with more on the way. Sign up for the mailing list, follow on Twitter—and check out the book links below. Make sure to comment often—cranky does love company after all.

As a wholly independent journalism and news site, CrankyYank depends on your subscriptions, shares, comments and likes. If you’re enjoying CY, please consider telling a friend.

Support independent authors, writers, artists, journalists, reporters and professionals. Buy a book, leave a review, start a discussion. Thank a reporter for a great story. Our success as a nation depends on your engagement and involvement at every level, including the current cesspool of U.S. politics.

Advertisements

Speak!

This site uses Akismet to reduce spam. Learn how your comment data is processed.