Former Trump lawyer Michael Cohen now reportedly being investigated for tax fraud

  • Michael Cohen, the former lawyer for President Donald Trump, is being investigated for tax fraud, according to a report from The Wall Street Journal.

  • Cohen was Trump's personal lawyer and fixer for decades but recently stopped working for the president in a personal capacity.

Michael Cohen, President Donald Trump's longtime personal lawyer and fixer, is being probed by federal prosecutors in New York for potential tax fraud, according to a Tuesday report from The Wall Street Journal.

According to the report, investigators are looking into whether Cohen underreported earnings from his taxi medallion business over the past several years, which could amount to hundreds of thousands of dollars.

The report also noted that investigators are probing financing of the taxi medallion business by Sterling National Bank, with the possibility that Cohen overstated his assets in obtaining loans.

Federal prosecutors also subpoenaed Cohen's former account Jeffrey Getzel. The report noted that Getzel had also served as an accountant for Evgeny "Gene" Freidman, who worked as a taxi medallion manager for Cohen and is said to be cooperating with the prosecutors.

Cohen is already the subject of a handful of investigations, including for potential campaign finance violations and illegal lobbying. He has also been under fire for a $130,000 hush-money settlement to the porn star Stormy Daniels just before the 2016 election to keep under wraps her allegations of a brief relationship with Trump, which he denies.

Cohen, no longer working for Trump, is being represented by Lanny Davis, a former adviser to President Bill Clinton. Trump is now being represented by former New York City Mayor Rudy Giuliani.

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