Feds investigating loans related to Cohens taxi business: report

Feds investigating loans related to Cohens taxi business: report
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Federal agents who raided Michael Cohen’s office this week reportedly looked for information related to loans he took out against his taxi business.

The Washington Post reported Thursday that the FBI sought communications between Cohen and Sterling National Bank in New York that may show he took out loans that used his taxi business as collateral.

In addition to his job as President TrumpDonald John TrumpTrump: I hope voters pay attention to Dem tactics amid Kavanaugh fight South Korea leader: North Korea agrees to take steps toward denuclearization Graham calls handling of Kavanaugh allegations 'a drive-by shooting' MORE’s longtime personal attorney, Cohen reportedly owns a number of taxi medallions required to operate yellow taxis in New York City.


Cohen took out a loan from Sterling in 2014 for an unspecified amount using his three taxi companies as collateral, The Washington Post reported.

Cohen did not respond to requests for comment from the Post.

The newspaper previously reported that Cohen is under investigation for possible bank fraud and campaign finance violations.

Federal agents carried out a series of search warrants at Cohen’s office and residences on Monday. In addition to the taxi records, officials seized communications between Cohen and Trump, and documents related to related to payments to two women — adult-film actress Stormy Daniels and former Playboy model Karen McDougal — who have claimed they had affairs with Trump more than a decade ago.

Federal prosecutors in Manhattan obtained the search warrants “in part” based on a referral from special counsel Robert MuellerRobert Swan MuellerSasse: US should applaud choice of Mueller to lead Russia probe MORE.

The connection to the special counsel set off Trump on a series of attacks against the investigation into Russian meddling in the 2016 election. The president called the raid on his lawyer's office a "disgrace" and an "attack on our country."

Trump's comments sparked speculation among lawmakers that he may order the firing of Mueller or Deputy Attorney General Rod RosensteinRod Jay RosensteinDem lawmakers slam Trump’s declassification of Russia documents as ‘brazen abuse of power’ Time for sunshine on Trump-Russia investigation The Hill's Morning Report — Sponsored by United Against Nuclear Iran — Kavanaugh confirmation in sudden turmoil MORE, who reportedly signed off on the raid.