On Tuesday, The New York Times reported that Michael Cohen’s business partner has agreed to cooperate with government prosecutors as part of a plea deal.
Evgeny Freidman was accused of evading more than $5 million in taxes and committing four counts of criminal tax fraud and one count of grand larceny. This meant that Freidman could have spent up to 25 years in prison for each of the felonies.
However, on Tuesday, in court, he pleaded guilty to only one charge of evading $50,000 in taxes. Due to his cooperation, he will be given only five years of probation.
Freidman is a Russian immigrant who is also known as the “Taxi King.” He has been partners with Cohen in a taxi business for years.
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Cohen is currently under criminal investigation in the Southern District of New York. He has not been charged with a crime yet.
According to the Times, the investigation into Cohen’s businesses would eventually lead to Cohen flipping and cooperating with government officials. They also note that Friedman’s cooperation makes the chances stronger of Cohen flipping.
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