Skip To Content
Get Our Newsletter

Support the Forward

Funded by readers like you DonateSubscribe

New York City Taxi Regulator Orders Michael Cohen To Give Up Medallions

The New York City’s Taxi and Limousine Commission demanded Cohen withdraw his interest in 10 taxi medallions, or they could be nullified, Politico reported.

A commission rule stipulates that it can strip licenses from owners with felony convictions. It “intends to revoke all medallions in the attached ‘Exhibit A,’” according to a letter from commission attorney Andrew Rabin.

Exhibit A lists 10 taxi medallions owned by Cohen, including Golden Child Cab Corp., Sir Michael Hacking Corp. and Mad Dog Cab Corp. He has the option to sell the medallions by Sept. 10 to squeeze some value from them.

However, he’ll have to sell the medallions, which give people the right to drive their yellow taxis, at the lowest price in decades as their value has dropped significantly in New York City since the rise of Uber, according to Politico.

Cohen pleaded guilty on Tuesday to evading personal income taxes, making an unlawful corporate campaign contribution, making a false statement to a financial institution and making an excessive campaign contribution in October 2016.

Alyssa Fisher is a news writer at the Forward. Email her at, or follow her on Twitter at @alyssalfisher




Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free under an Attribution-Non Commercial-No Derivatives Creative Commons license as long as you follow our republishing guidelines, which require that you credit Foward and retain our pixel. See our full guidelines for more information.

To republish, copy the HTML, which includes our tracking pixel, all paragraph styles and hyperlinks, the author byline, and credit to Foward. Have questions? Please email us at

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.