Michael Cohen's business partner just flipped

One of Michael Cohen's business partners, Evgeny Freidman, is cooperating with federal prosecutors who are probing Cohen's business dealings, The New York Times reports.

Freidman on Tuesday pleaded guilty to tax evasion, but has reportedly agreed to be a witness to avoid jail time. Investigators are looking into Cohen, President Trump's longtime fixer and lawyer, as part of the larger probe into Russian meddling in the 2016 election. Freidman's plea deal could be used to pressure Cohen into cooperating with Special Counsel Robert Mueller, the Times reports.

Cohen and Freidman were longtime partners in the taxi business; Freidman even earned the nickname "Taxi King" for managing so many cabs and taxi medallions. He was facing up to 25 years in prison for multiple charges of tax fraud, but will instead receive five years of probation if he fulfills his promise to help federal agents. Read more at The New York Times.

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