Michael Cohen's business partner may flip under plea deal

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Freidman, known as New York's "Taxi King", was indicted on state charges past year by then-New York Attorney General Eric Schneiderman, who alleged Freidman and others failed to pay $5 million in MTA surcharges between 2012 and 2015.

U.S. President Donald Trump's personal lawyer Michael Cohen arrives at his hotel in New York City, U.S., May 11, 2018.

"I plead guilty to a felony, I am humbled and shamed!" This is me taking responsibility for my action. Cohen's payment, according to Wood, "was for getting Poroshenko more than just an embarrassingly brief few minutes of small talk and a handshake", the senior official told Wood, and they continued to negotiate until the very day of the visit, which angered the Ukrainians. "That's it!.I hate that I have been grouped in this runaway train that I am not a part of!" He's known as the "Taxi King" of NY and the reporting that has come out about his importance has been fascinating.

Cohen's home and office were raided by the Federal Bureau of Investigation last month in a search of business records, emails and documents about a $130,000 payment he made to porn star Stormy Daniels. He owed five million in taxes, faced four counts of criminal tax fraud, and one count of grand larceny. Cohen was not registered as a foreign agent of Ukraine under the US Foreign Agents Registration Act when the agreement was inked, the report indicated.

In addition to Cohen, two Ukrainians who the BBC's sources said opened a back channel with him on behalf of Poroshenko denied the story.

That likelihood may now be greater, with Freidman potentially sharing what he knows with federal prosecutors in NY and the special counsel.

The Ukrainian side were angry, the official went on, because Cohen had taken "hundreds of thousands" of dollars from them for something it seemed he could not deliver.

Giuliani, who met with Poroshenko in Ukraine late a year ago, said he did not know anything of such payments to Cohen and said he was still getting caught up on the story.

That legal pressure on Cohen appeared to increase on Tuesday, after Freidman cut his plea deal with investigators.

The investigation may pose a significant threat to Trump, who has been warned by his legal team that Cohen could flip on him as his legal troubles mount. "Cohen secured large loans with the medallions as collateral".

President Donald Trump's personal lawyer, Michael Cohen, is distancing himself from an associate in the taxi industry who pleaded guilty to tax fraud.

This guy is a Russian immigrant, who runs a taxi company, or ran a taxi company.

In a 2017 profile of Cohen, the Real Deal reported that he and Freidman became friends after "sparring over a stolen client" with one another in small claims court in the 1990s.

Friedman's attorney, Patrick Egan, declined to discuss whether Friedman's plea spells trouble for Cohen.

"I disagree and, if I did, I never knew it", he said.