Monday 20 August 2018

Investigators examine over $20 million in loans by former Trump lawyer Cohen: New York Times.


WASHINGTON (Reuters) - Federal prosecutors are focused on over $20 million in loans obtained by U.S. President Donald Trump's former personal lawyer Michael Cohen from taxi businesses owned by him and his family, the New York Times reported on Sunday.

The loans are part of an investigation into whether Cohen committed bank and tax fraud, and for possible campaign law violations linked to a $130,000 payment to adult film star Stormy Daniels. He has not been charged with any crime.

Citing people familiar with the matter, the newspaper said the loans were from Sterling National Bank and Melrose Credit Union, two New York institutions that do business with the taxi industry.


Full story at Yahoo News.

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