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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
Politics

Trump’s Former Lawyer Michael Cohen Disbarred in New York

By
Chris Dolmetsch
Chris Dolmetsch
,
Patricia Hurtado
Patricia Hurtado
, and
Bloomberg
Bloomberg
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By
Chris Dolmetsch
Chris Dolmetsch
,
Patricia Hurtado
Patricia Hurtado
, and
Bloomberg
Bloomberg
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February 26, 2019, 2:50 PM ET
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President Donald Trump’s former lawyer and fixer Michael Cohen was disbarred in New York after pleading guilty to lying to Congress about a plan for a Trump Tower project in Moscow.

An appeals court in Manhattan granted a request from a disciplinary panel to remove Cohen’s name from the roll of attorneys allowed to practice in the state. He was admitted to the bar in New York in 1992.

Cohen was on Capitol Hill Tuesday, testifying privately before the Senate Intelligence Committee. He’s scheduled to appear before the House Oversight Committee on Wednesday — which will be televised — and on Thursday he’ll be behind closed doors before the House Intelligence Committee.

Michael Monico, Cohen’s lawyer, didn’t immediately respond to a request for comment.

A federal felony conviction automatically triggers disbarment if it’s also a felony under New York law. The disciplinary panel had already asked the appeals court to disbar Cohen following his guilty plea in August to five counts of tax evasion, one count of making a false statement to a financial institution and two federal campaign finance violations related to his role in paying two women to keep quiet about their alleged sexual encounters with Trump before he became president.

In his appearances before Congress, Cohen is prepared to depict his former boss as a liar and a possible criminal who manipulated his financial statements and frequently made racist remarks, a person familiar with his planned testimony said.

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