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You are here News Politics Ex-Trump lawyer Michael Cohen now reportedly being investigated for tax fraud

Ex-Trump lawyer Michael Cohen now reportedly being investigated for tax fraud

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ichael Cohen under investigation

President Donald Trump's former personal lawyer Michael Cohen is now being investigated for possible tax fraud, according to a new report Tuesday in The Wall Street Journal.

The article said federal prosecutors in New York, who already were investigating Cohen for a variety of business dealings, now are eyeing whether the 51-year-old attorney underreported income from his taxi medallion business on his tax returns.

According to a source cited by the Journal, Cohen's income from the medallion business in the past five years included hundreds of thousands of dollars that he received in cash and other payments.

Medallions are licenses to operate individual taxicabs in New York and in other cities.

Cohen and his wife as of April owned or controlled a total of 54 medallions in New York and Chicago as of April.

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