Michael Cohen under investigation for possible tax fraud

The news comes as sources say Cohen is preparing to flip on President Trump.

President Trump’s former longtime personal attorney, Michael Cohen, is reportedly under investigation for possible tax fraud, the Wall Street Journal reported Tuesday. The development comes as Cohen is reportedly preparing to tell Special Counsel Robert Mueller, who is investigating Russian interference in the 2016 election, that the president “knew about and approved” a June 2016 meeting between several Trump campaign associates and a Russian lawyer who had promised damaging information about Trump’s then-campaign rival, Hillary Clinton, months before the election, per Politico. Cohen is currently being investigated by federal prosecutors in New York to determine whether he underreported income from his troubled taxi business on his federal tax returns, the Journal reported, citing sources familiar with the investigation.