Federal investigators are inquiring into whether U.S. President Donald Trump’s former personal lawyer Michael Cohen committed bank and tax fraud exceeding $20 million via loans obtained by the taxi medallion business he owns with his family, The New York Times has reported.
The Times , in its report first published on Sunday, said investigators were also trying to determine whether Mr. Cohen violated campaign finance or other laws when he made deals using hush money to silence women who claimed they had affairs with Mr. Trump.
Prosecutors could file charges by the end of the month, the newspaper said, citing two people familiar with the matter.
Convictions for tax and bank fraud carry potentially hefty prison terms, which could put additional pressure on Mr. Cohen to cooperate with prosecutors in the event that he is charged.
