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New York

Taxi King arrested for allegedly failing to pay $5M in taxes

Gene Freidman is accused of not paying MTA surcharges

Gene Freidman
Gene Freidman

Evgeny “Gene” Freidman, dubbed the “Taxi King,” was arrested this week for allegedly skipping out on paying $5 million in taxes.

Freidman is accused of failing to pay 50-cent Metropolitan Transportation Authority surcharges between 2012 and 2015, the Associated Press reported. As of Wednesday, he was being held in Albany County jail on $500,000 bail.

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An attorney for Freidman said his client denies the charges.

It’s been a rough couple of years for Freidman. In 2015, Madison Realty Capital [TRDataCustom] moved to foreclose 11 properties owned by Freidman on Coney Island, alleging that he defaulted on $368,708 in mortgage payments. Last year, Capital One filed a petition to collect $8.4 million in debt that it alleged Freidman failed to pay off.

In April, the Taxi and Limousine Commission ruled that Freidman could no longer manage the 800-plus taxi medallions he’s controlled for several years. Freidman previously managed medallions owned by Michael Cohen, President Trump’s personal attorney. [AP] — Kathryn Brenzel 

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Metropolitan Transportation Authority