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FinanceCrime

Michael Cohen’s Taxi Partner Enters Plea Deal, Suggesting Cooperation

By
Bloomberg
Bloomberg
and
Wilder Davies
Wilder Davies
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By
Bloomberg
Bloomberg
and
Wilder Davies
Wilder Davies
Down Arrow Button Icon
May 22, 2018, 6:01 PM ET
US-POLITICS-INVESTIGATION-TRUMP-court
President Trumps lawyer Michael Cohen exits the US Federal Court on April 16, 2018, in Lower Manhattan, New York. President Donald Trump's personal lawyer Michael Cohen has been under criminal investigation for months over his business dealings, and FBI agents last week raided his home, hotel room, office, a safety deposit box and seized two cellphones. Some of the documents reportedly relate to payments to porn star Stormy Daniels, who claims a one-night stand with Trump a decade ago, and ex Playboy model Karen McDougal who also claims an affair. / AFP PHOTO / EDUARDO MUNOZ ALVAREZ (Photo credit should read EDUARDO MUNOZ ALVAREZ/AFP/Getty Images)EDUARDO MUNOZ ALVAREZ AFP/Getty Images

A longtime business partner of Michael D. Cohen, the personal lawyer of President Donald Trump, has pleaded guilty to tax evasion in a deal that allows him to dodge prison time, indicating that he is cooperating with prosecutors.

Evgeny Freidman, a taxi operator who allegedly owed some $5 million in back taxes, entered into the surprise plea deal in Albany on Tuesday.

His lawyer, Patrick Egan, said he was satisfied with the guilty plea. Freidman — the so-called Taxi King of New York who operated taxis for Cohen’s family and others — will serve five years of probation for evading $50,000 in taxes.

Egan declined to comment on whether his client was cooperating with federal prosecutors in Manhattan who are investigating Cohen’s financial dealings.

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