since then we haven't known what's going on with gene the taxi king friedman and his sweet plea deal and his potential cooperation with prosecutors. we got a hint from the "wall street journal" when they reported gene friedman and michael cohen hadn't just been business partners in the taxi business, they had shared an accountant. and "the wall street journal" reported at that same time that that will accountant had been subpoenaed by federal prosecutors. now we see where that was heading. in this list of charges he pled guilty from you can see where all of that stuff over the last months may have been leading. the tax charges cohen pled guilty to yesterday are in large part the work in the taxi business, personal loans, cash transfers, illegal banking tricks that can be boring to describe if you're looking for a kind of cops and robbers story but they can be very easy for prosecutors to prove once they've got the paperwork to prove it. and if they're really lucky, if they've got the testimony of an accountant and a business partner to explain whatever documentation they can get from

not least because gene friedman, the. at ai king, had facing a huge pile of fraud and tax evasion charges. and he didn't plead guilty to something all that serious. that would imply by the process of deduction that prosecutors pled him way, way down in exchange for his cooperation. he was facing a lot of legal jeopardy. he ended up pleading guilty for almost nothing in exchange for the cooperation that he offered. in what cases is his cooperation helpful? today the "wall street journal" reports that the taxi king, gene friedman, who is now cooperating, he and michael cohen apparently shared the same accountant. they both used the same guy. and that accountant we now know has been subpoenaed to testify to the grand jury in the case. so put these together. . at a fraud and bank fraud allegations. we know the government has a huge trove of documents. we have reports that at leaf one person involved in cohen's finances who is linked to another person who is a cooperating witness who is facing charges, that person has testifie

since then we haven't known what's going on with gene the "taxicab" friedman and his deal. gene friedman, the taxi king and michael cohen hadn't been just business partners in the taxi business they had shared an accountant who had been subpoenaed by federal prosecutors. now, we see where that's heading. in this list of charges he pled guilty from you see where all the stuff may have been leading, the tax charges cohen pled guilty to yesterday are in large part the work in the taxi business, personal loans, tax transfers, illegal banking tricks can be boring to describe if you're looking for a cops and robbers story but easy for prosecutors to prove, once they have the paperwork to prove it, if they're really lucky, have the testimony of an accountant or business partner to explain whatever documentation they can get from the banks. for obvious reasons, there has been intense national and political focus on the final two charges michael cohen pled guilty to yesterday, the campaign finance charges in which he remarkably directly implicated the president of the united states

then the second thing is that we know that the taxi king, gene friedman, is cooperating with state court in the new york d.a.'s office, the manhattan d.c.'s office and that he obviously is very connected to cohen and it likely also cooperating with federal prosecutors in connection with the federal income tax fraud and the loan fraud that cohen pled guilty to. so there's a lot of intertwining prosecutorial investigations related to michael cohen. so it is not that surprising that we would see state prosecutors looking into some of this criminal activity. >> and dan, again, as a nonlawyer, i know about famous court cases involving business entities. i know about the enron case. i know about the arthur andersen case. oil companies and stuff like that. i don't know that much about what it means for there to be a criminal charge against a business like the trump organization. if that happens, if this manhattan district attorney's office does bring criminal charges against the organization, against the business, does that mean that the people who are the principals of that business essentiall