Ex-Trump Lawyer Investigated For $20 Million Bank Fraud: Report

Faizan Hashmi Published August 20, 2018 | 05:57 PM

Federal investigators are investigating whether President Donald Trump's former personal lawyer Michael Cohen committed bank and tax fraud exceeding $20 million via loans obtained by the taxi medallion business he owns with his family, The New York Times has reported.

Washington, (APP - UrduPoint / Pakistan Point News - 20th Aug, 2018 ) :Federal investigators are investigating whether President Donald Trump's former personal lawyer Michael Cohen committed bank and tax fraud exceeding $20 million via loans obtained by the taxi medallion business he owns with his family, The New York Times has reported.

The Times, in its report first published Sunday, said investigators were also trying to determine whether Cohen violated campaign finance.

Prosecutors could file charges by the end of the month, the newspaper said, citing two people familiar with the matter.

Convictions for tax and bank fraud carry potentially hefty prison terms, whichcould put additional pressure on Cohen to cooperate with prosecutors in the event thathe is charged.