Some background on Gene Friedman, the business partner who's flipped on Cohen.
His conviction could have put him into jail for 25 years for each of several counts. Instead, if he's a good boy and cooperates very well, he might get as little as 5 years of probation.
More about him here:
https://www.nytimes.com/2018/05/05/business/michael-cohen-lawyer-trump.html
While juggling his Trump duties, Mr. Cohen turned over management of his cabs to Mr. Garber in 2006 and received as much as $1 million per year, legal records show. After a falling-out with Mr. Garber, Mr. Cohen became partners with Evgeny Freidman, known as Gene, an immigrant from St. Petersburg, Russia, who had assembled a large taxi fleet.
SNIP
In 2016, a federal judge found that Mr. Freidman had transferred more than $60 million into offshore trusts to avoid paying debts. Last April, New York City regulators barred him from continuing to manage medallions. He currently is awaiting trial in Albany on charges he failed to pay $5 million in taxes.