Federal officials are investigating Michael Cohen, President Trump’s former personal attorney, for possible bank and tax fraud violations in connection with $20 million in loans he obtained from Melrose Credit Union and Sterling National Bank, The New York Timesreported Sunday.
The probe centers on allegations that Cohen misrepresented his assets when he obtained the loans, the newspaper reported.
Federal investigators also are investigating how he handled income from taxi medallions he owned and whether he failed to report it to the Internal Revenue Service the Times said.
The allegations and investigation of Cohen are not related to the NCUA’s decision this month to file an administrative complaint against Alan S. Kaufman, the former CEO of Melrose Credit Union, an agency spokesman said.
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