(WASHINGTON TIMES) -- Michael Cohen can add tax fraud to the list of potential crimes considered in the ongoing probe into his business, The Wall Street Journal reported Tuesday.
Unnamed sources told WSJ reporters that New York federal prosecutors are trying to determine whether Mr. Cohen failed to report or misrepresented income from his taxi-medallion business when filing tax returns. It would count for hundreds of thousands of dollars over the past five years.
Investigators are scrutinizing Mr. Cohen’s loan applications, to determine if he overstated his income for receiving loans. In particular, his interactions with Sterling National Bank are being considered to see if he was approved for loans without proper documents or by inflating his assets.
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