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Michael Cohen Under Investigation for $20 Million in Bank and Tax Fraud, Report Says

August 20, 2018

Via: Fortune
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Michael Cohen is reportedly under investigation for millions of dollars of bank fraud.

According to a New York Times report, the ongoing investigation into Trump’s former attorney is not just limited to whether he violated campaign finance laws—federal authorities are also looking into whether he committed more than $20 million in bank and tax fraud.

The report points to a number of loans taken out by taxi businesses that Cohen and his family own, which were awarded by two New York-based financial institutions, Sterling National Bank and the Melrose Credit Union in 2014. Authorities are investigating whether Cohen “misrepresented the value of his assets” when obtaining the loans.

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