and what are you and for the first time we are hearing a value number, $1.7 million is what he is accused overnot paying. that is right. in new york state, there is no bank fraud charge. so grand larceny is what they use. and for better or for worse, it is a much lower penalty than a federal bank fraud charge would have. i think that what happened here is that the manhattan d.a. s office took their best shot to get allen weisselberg to cooperate, and i expect that everything they have against him is included in the indictment, and $1.7 million if that is actual tax avoidance and if that is 10% of what he got is jail time, but if that is the total amount that he siphoned away without paying attentions then you take 10% of that as the loss amount which is about $170,000 and that would be a very low
New york stateBank fraud chargeValue number1 7 million7 millionManhattan daBank fraudAlan weisselbergTax avoidanceLoss amountJail time
within a matter of months by the end of the summer, they ve got home in court pleading guilty on five felony tax evasion charges and a bank fraud charge. which is kind of the same general species of crime. in that instance, it was him lying to a bank in order to get a loan. so all of that, michael cohen s first day in federal court, that all made sense. it made sense that he was in court in new york. it made sense that it was the u.s. attorney s office from new york that had their guy out there on the steps sort of pounding his chest a little bit over michael cohen s guilty pleadings that day. now, of course, in terms of the national impact of that court appearance, the blaring headlines out of that day were about the other two financial felonies that michael pled to at the same time. because those other two weren t just about his business practices or his taxes or his handbag resale hobby. those other two felonies were about the guy he worked for for more than a decade. the other two
In court augustBank fraud chargeTax evasion chargesMichael cohenUs attorneys officeAl lFederal courtNew yorkMichael isikoffCourt appearanceBlaring headlinesCampaign finance feloniesBusiness practicesHandbag resale
otherwise looked like a whole list of serious charges. the guy, his nickname is literally the taxi king. he was michael cohen s taxi business partner. he got this whole host of charges against him boiled down to basically nothing in a new york state courtroom in may in exchange for him becoming a cooperating witness for the government. so it made sense that anything that might have been a little bit hisnky, made sense that prosecutors nailed down evidence of that once they got his partner to cooperate, right. so him turning up in court, michael cohen turning up in court in august, it was dramatic but also sort of orderly in terms of us understanding. law enforcement in new york got search warrants to raid him and his office, they flip his business partner. within a matter of months they ve got him in court pleading guilty on five felony tax evasion charges. and a bank fraud charge.
Directed michael cohen to lieTaxi kingTaxi business partnerNew york stateFederal courtTax evasion chargesBank fraud chargeBusiness partnerLaw enforcement in new yorkGot search warrants
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