President Donald Trump’s personal attorney, whose business dealings are being investigated by the FBI, and the lawyer’s father-in-law have lent $26 million in recent years to a taxi mogul who is shifting into the legalized marijuana industry, according to documents obtained by the Associated Press.
Semyon “Sam” Shtayner, a longtime business associate of Michael Cohen’s father-in-law, created Nevada-based Cannaboss the day before the 2016 election. A few months later, he took a majority position in a company that is provisionally licensed to cultivate medicinal marijuana and produce edibles, the records show.
It’s not clear whether Shtayner used any of the loans — $6 million of which have come directly from Cohen since 2014 — to finance his grow operation.
Earlier this month, FBI agents searched Cohen’s hotel, office and home seeking banking records, as well as records related to his dealings in the taxi industry, people familiar with the probe told the AP, speaking on condition of anonymity because they were not authorized to discuss the ongoing investigation.
Public records show the Ukraine-born Shtayner, 63, his wife and companies they control have used their properties in Chicago and Sunny Isles, Florida, as collateral for the loans from Cohen and his father-in-law, Fima Shusterman.
An attorney representing Shtayner in his Nevada marijuana ventures told the AP his client had no comment.
– Associated Press