Political News

Wall Street Journal: Former Trump lawyer Michael Cohen under investigation for possible tax fraud

Posted August 7, 2018 1:12 p.m. EDT

— President Donald Trump's former lawyer, Michael Cohen, is under federal investigation for tax fraud after possibly underreporting his income from his taxi medallion business, people familiar with the investigation told The Wall Street Journal.

The reported investigation adds to the wide-ranging federal investigation Cohen is already facing in relation to his business affairs and work with Trump. According to the Journal, authorities are investigating whether Cohen underreported his income in federal tax returns, in which he reaped hundreds of thousands of dollars over the last five years.

Cohen has not been charged with a crime and the Journal said he denies wrongdoing. Lanny Davis, Cohen's attorney, declined to comment to the paper "out of respect for the ongoing investigation."

CNN has not independently confirmed the Journal's report.