Former lawyer and fixer for Donald Trump, Michael Cohen, revealed that he invested in taxi medallions after a client moved to Israel and offered him the chance to purchase a 50% stake in a company.
Medallions are permits required to operate taxis in many cities, and they can be a lucrative investment. Cohen's involvement in this business venture sheds light on his financial activities outside of his work for Trump.
It is not uncommon for individuals to diversify their investments, and Cohen's decision to invest in taxi medallions showcases his interest in exploring different opportunities.
While Cohen's exact motivations for investing in this particular industry are not fully disclosed, it is clear that he saw potential in this venture and seized the opportunity presented to him by his client.
This revelation adds another layer to the complex financial dealings of Michael Cohen and provides insight into his business acumen and willingness to take calculated risks.
