Michael Cohen owes state another $185K in unpaid taxi taxes

New warrants bring total to $282K

New York /
May.May 01, 2018 08:31 AM

Michael Cohen (Credit: Getty Images)

As the federal investigation into his financial and business dealings continues, Michael Cohen is facing more than $185,000 in new state warrants for unpaid taxes on his taxi businesses.

The new round of warrants means Cohen owes a total of $282,000 to New York State in taxes for 16 of his taxi-medallion holding companies, Bloomberg reported. The finances of the president’s personal attorney became of particular interest following news that he paid Stephanie Clifford, a.k.a. porn star Stormy Daniels, $130,000 to keep her from speaking about her alleged affair with President Trump. Cohen has said that he drew on a home equity loan to make the payment.

In February, The Real Deal identified 17 LLCs owned by Cohen that held a total of 34 medallions. At the time, Cohen indicated that he controlled more companies. The medallions were previously managed by “taxi king” Gene Freidman, who is now barred from managing medallions in the city due, in part, to allegations that he didn’t pay $5 million in state taxes.

Last week, Judge Kimba Wood selected Barbara Jones as the “special master” to review records seized in connection to the ongoing investigation into Cohen. [Bloomberg] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Thompson Austin at 506 San Jacinto Boulevard, Austin, Texas (Hyatt)
Don’t call it a comeback: Austin hotels rebound but building never slowed
Don’t call it a comeback: Austin hotels rebound but building never slowed
Redfin CEO Glenn Kelman (Redfin, iStock)
Service divide at forefront of Redfin discrimination suit
Service divide at forefront of Redfin discrimination suit
Michael Medzigian, chairman and managing partner, Watermark Capital Partners (Watermark Capital Partners, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Watermark Capital looks to sell indebted Holiday Inn in Chelsea
Watermark Capital looks to sell indebted Holiday Inn in Chelsea
From left: Kathy Hochul, governor of New York; Robert Mujica, director of the budget for New York State (Getty Images, iStock/Illustration by Steven Dilakian for The Real Deal)
$2B in Hochul budget could fund rent relief
$2B in Hochul budget could fund rent relief
Kathy Hochul, governor of New York (Getty Images, iStock)
Hochul seeks to fast-track NYC-area casinos
Hochul seeks to fast-track NYC-area casinos
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...