Tornado Alley (PROG)

[B402]

Cohen pled guilty to millions in tax fraud to, it was by no means just a hush money case

Michael Cohen’s plea deal, explained
https://www.pbs.org/newshour/politics/michael-cohens-plea-deal-explained

Tax fraud years: Cohen is charged with hiding more than $4 million in income from the IRS between 2012 and 2016. Most of this came from interest on personal loans he made to others. This tells us that Cohen was involved in tax fraud during some pivotal years he was also with the Trump Organization.

Financial problems timing: Cohen concealed a $14 million debt from a bank when he applied for a loan to buy an $8.5 million summer home in 2015, according to prosecutors. Why this may matter: Around this time, Cohen was working on a deal with Russians to build Trump Properties in Moscow. But he was personally struggling with money.

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Cohen faces a likely sentence somewhere in the range of 46 to 63 months — and a fine of between $20,000 and $1 million on top of back taxes estimated at $1.4 million. He has not agreed to cooperate with prosecutors at this point. Any such agreement could affect his sentencing.

Sorry about the edit