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A significant business partner of Michael D. Cohen, President Trump’s personal lawyer, has 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 deal reached with the New York attorney general’s office, the partner, Evgeny A. Freidman, a Russian immigrant who is known as the Taxi King, specifically agreed to assist government prosecutors in state or federal investigations, according to a person briefed on the matter.
The article goes on to state the following:
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 will avoid jail time and receive 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.
There has been speculation that this could mean trouble for president Donald Trump, as Friedman’s cooperation will put pressure on Cohen to cooperate with the special counsel. One theory is that Cohen will provide evidence that will be damaging to Trump.
According to the report, Trump’s lawyers are trying to “distance their client from the case.”
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