During his recent testimony, Michael Cohen revealed that he was compelled to sell most of his property, retaining only his primary residence and one secondary apartment. This decision was reportedly influenced by the fact that a felon is prohibited from owning taxi medallions in New York or Chicago.
Furthermore, FBI agents who conducted a raid on Cohen's office were specifically seeking information related to his financial interactions with taxi owners. This suggests a potential link between Cohen's business dealings and the taxi industry.
