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.
The sale of his property and taxi medallions sheds light on the legal challenges Cohen has faced in recent times. The restrictions imposed on felons regarding ownership of certain assets have evidently impacted his financial situation.
It remains to be seen how these revelations will impact Cohen's ongoing legal battles and public perception. The details emerging from his testimony provide valuable insights into the complexities of his legal entanglements and financial decisions.
