The records sought in the search warrants used to conduct multiple raids on Michael Cohen Monday included documents related to hush money used to silence alleged mistresses of Donald Trump, as well as information on Cohen’s taxi medallion business, according to reports by the New York Times, CNN and others.
Investigators were looking for records related to payments made to porn star Stormy Daniels and ex-Playboy model Karen McDougal, both who have claimed to have had affairs with Trump before he was President, the New York Times reported Tuesday. The White House has said Trump has denied the affairs, while Cohen — the President’s longtime personal attorney — has said that Trump was not involved in the $130,000 payment Cohen wired to an attorney representing Daniels just days before the 2016 election.
The FBI agents also were interested in information related to $150,000 that National Enquirer’s parent company, American Media, Inc., paid McDougal, according to the Times. A.M.I.’s chief executive David J. Pecker is a friend of the President’s. The company bought the rights to McDougal’s story, the Wall Street Journal reported in 2016, but never ran her allegations that she had an consensual affair with Trump in 2006. Buying the exclusive rights prevented McDougal from taking her claims elsewhere.
Cohen’s tax medallion business has also attracted the attention of the investigators, sources familiar with the search warrant told CNN. The warrants sought information about Cohen’s associates in his taxi cab business, a source told Wall Street Journal. The warrant’s request for documents related to the medallions comes after Cohen’s companies were accused by New York’s Department of Taxation and Finance of owing the state about $40,000 in unpaid taxes. Cohen told TPM last year that the taxes are collected from drivers by the management company he uses, run by Gene “The Taxi King” Freidman.
One source also told CNN that the warrant sought information about other, smaller investments. The warrant mentioned being related in part to election laws, CNN said.
The searches were conducted by the public corruption unit of the U.S. Attorney’s Office in the Southern District of New York, the Times reported. The interim U.S. attorney, Geoffrey Berman, is recused from the investigation, ABC News reported.
Russian Ruble Laundering Taxi Services, Inc.
The Trump administration is like a clever heist movie–“Ocean’s Eleven”, say–executed by middling Irish setters.
This is dribbling out. First the hush money, now the taxis. Josh Marshall’s suspicion that is is a lot bigger - and is time sensitive - sounds reasonable. What else will dribble out? Something ongoing and with a short fuse.
It’s goombahs all the way down.
I dunno about NY, but in the places I have lived the Taxi business was if not borderline criminal, full of unsavory players, specially in the old days when it was an all cash business, which provided lots of opportunities for money laundering… and nobody ever declared full earnings to the IRS