The CEO of a now-shuttered credit union was charged Thursday with accepting bribes from a taxi mogul in exchange for refinancing over $60 million in loans — the latest sign of a crackdown on a predatory industry accused of driving some cabbies to suicide.
Alan Kaufman ran Melrose Credit Union, which was one of the largest lenders of taxi medallion loans until it was closed last year. Among its many clients was President Trump’s personal attorney, Michael Cohen.
The new indictment appears to stem from charges brought by the watchdog National Credit Union Administration against Kaufman last year of unsafe business practices and “personal dishonesty.” Kaufman secretly took bribes from a taxi mogul, Tony Georgiton, as well as an unidentified media company, which sought more advertising from Melrose, according to the indictment.
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