The Taxi King takes a ride. Five million down to fifty thousand, and 100 years in prison down to 5 years of probation. They must be expecting some good information from him to cut him such a break.A significant business partner of Michael D. Cohen, President Trump’s personal lawyer, has quietly agreed to cooperate with the government as a potential witness, a development that could be used as leverage to pressure Mr. Cohen to work with the special counsel examining Russian interference in the 2016 presidential election.
Under the agreement, the partner, Evgeny A. Freidman, a Russian immigrant who is known as the Taxi King, will avoid jail time, and will assist government prosecutors in state or federal investigations, according to a person briefed on the matter.
[...]
Mr. Freidman has been Mr. Cohen’s partner in the taxi business for years, managing cabs for him even after New York City regulators barred Mr. Freidman last year from continuing to manage medallions.
Mr. Freidman, who was disbarred earlier this month, had been accused of failing to pay more than $5 million in taxes and faced four counts of criminal tax fraud and one of grand larceny — all B felonies. Each carries a maximum prison sentence of up to 25 years in prison.
Instead, he appeared in court in Albany on Tuesday and pleaded guilty to a single count of evading only $50,000 worth of taxes; he faces five years of probation if he fulfills the terms of his agreement, the judge, Patrick Lynch of Albany County court, said during the roughly 20-minute proceeding.
NYT
Michael Avenatti comments on MSNBC.
...but hey, do what you want...you will anyway.
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