New York Post

Reeling taxi king gets a reprieve

- Rebecca Harshbarge­r

A taxi kingpin who faced the bank seizure of up to 90 medallions got a break Monday when an appeals courts awarded him a temporary stay.

A Manhattan Supreme Court judge had said last week that Citibank could take the medallions after it sued Gene Freidman for more than $ 30 million in overdue loan payments.

Freidman appealed the decision in Manhattan Appellate Court, and a judge granted him on the stay.

“As the son of a taxi driver, I bleed yellow and am quite pleased with today’s decision,” Freidman said in a statement.

Medallion prices have been plummeting due to competitio­n from appdriben car services such as Uber.

Freidman, who owns or manages about 900 medallions, has been going through a messy divorce and was arrested in March for allegedly choking his pretty French wife, Sandra.

A judge ruled in May that he has to pay her $ 25,000 a month in child support.

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