Taxi medallions once belonging to Evgeny Freidman sold for $24MILLION

Taxi medallions once belonging to Evgeny Freidman sold for $24MILLION

Several taxi medallions that formerly belonged to New York City kingpin Evgeny Freidman were auctioned for more than $24million on Thursday.

The auction for the convicted felon’s medallions took place on the second floor of the Sheraton LaGuardia East Hotel in Queens, according to the New York Daily News.

The 47-year-old Russian-born businessman pleaded guilty to felony tax fraud that amounted to a whopping $5million last month.

The Daily News reports that a total of 139 taxi medallions were sold during the highly-anticipated auction.

Businessman Evgeny A. Freidman attends the UJA-Federation of New York’s Russian Leadership Division’s Charity Ball at The Bowery Hotel June 3, 2009 in New York City. An auction selling his former taxi medallions took place in Queens on Thursday

The Sheraton LaGuardia East Hotel in Queens is shown, where the auction took place

A combination of medallions were up for grabs – including ’20 for hybrid taxis and 32 for accessible taxis.’  

Freidman told the Daily News he was happy to part with the medallions, and believes the bidders forked out more cash than what they were worth.

Freidman is seen in this 2017 photo provided by the New York State Office of the Attorney General

‘I hope they enjoy them at that price. I think they overpaid for them,’ Freidman said.

The dubbed ‘Taxi King’ once operated a taxi medallion business with President Trump’s personal lawyer, Michael Cohen.

Freidman agreed to cooperate with the government as part of state and federal investigations into Cohen, according to a New York Times report late last month.

The agreement was part of a plea deal for Freidman. 

Freidman initially faced four counts of criminal tax fraud and one of grand larceny.

All carry a max sentence of 25 years behind bars.

Freidman, however, pleaded guilty to one count of evading $50,000 in taxes and will receive five years of probation under the agreement.

A total of 139 taxi medallions were sold during the highly-anticipated auction Thursday

News Source DailyMailsNews

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