New York Daily News

In a new kick to curb, city wants his taxi medallions

- BY DAN RIVOLI AND JANON FISHER

He can’t hack it.

The city intends to yank the taxi medallions from Michael Cohen, President Trump’s exlawyer, after he pleaded guilty Tuesday to tax evasion related to a cab company.

“The Taxi and Limousine Commission was notified that on or about Aug. 21, 2018, the owner and/or stakeholde­r of the medallions … pleaded guilty to five counts of tax evasion,” TLC lawyer Andrew Rabin wrote to Cohen.

Under city regulation­s, the TLC may revoke all 10 of Cohen’s medallions.

He has until Sept. 10 to sell the licenses, which authorize their owners to operate yellow cabs within the five boroughs.

Once worth more than a $1 million, the value of taxi medallions has plummeted since the advent of Uber and Lyft. At an auction in June, they went for $250,000 a piece.

Part of the guilty plea in Manhattan federal court Tuesday stemmed from Cohen’s hiding $1.3 million in income from his taxi business between 2012 and 2016.

He owns medallions under corporatio­ns named Golden Child Hacking Corp., Sir Michael Hacking Corp., Lady Laura Hacking Corp., Samantha B. Good Cab Corp. and Mad Dog Cab Corp., according to TLC records.

Revocation is “standard operating procedure” after Cohen’s guilty plea, TLC spokesman Allan Fromberg said.

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