President Trump's former attorney Michael Cohen is under investigation for possible tax fraud, The Wall Street Journal reported Tuesday.
Cohen has been under intense scrutiny ever since federal agents raided his home and office in April, seizing hundreds of thousands of items to investigate the attorney for potential bank fraud and campaign finance violations. That probe is apparently even wider-ranging than previously reported, with Cohen's taxi medallion business entering as a possible crime scene as well.
Federal authorities are investigating whether Cohen underreported income from his medallion holdings, the Journal reports, as well as whether he improperly obtained loans. The additional risk of a tax fraud sentence could make Cohen more willing to comply with investigators, former federal prosecutors noted. Cohen has renounced his loyalty to Trump, but is not cooperating with federal authorities in the probe. Read more at The Wall Street Journal. Summer Meza