Citibank Sues Taxi King Gene Freidman over Asset Dispute

Gene Freidman-4cfaf6f26071026214a762a445c4ea60b06018b4-s900-c85
Bank claims Gene Freidman transferred $70 million worth of real estate to hide assets from creditors

Known as the New York City “Taxi King”, Evgeny (Gene) Freidman has been sued by Citibank N.A., claiming that he hid $70 million in real estate properties from them and other creditors while they were attempting to collect on unpaid loans.

In March 2015, Citibank tried to seize approximately 90 of Freidman’s taxi medallions in order to recover just part of the $31 million of debt that has remained unpaid.  At that time, Freidman agreed to a confidential agreement with Citibank that pushed off any property seizures until June 2015.

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Scary hack attack (video)

A cursing cabby flung open the back door of his cab in Midtown and lunged at two young female passengers in a desperate bid to avoid taking them to Bedford-Stuyvesant, a disturbing video shows.

“Oh, my God!” one of the women screams. “Do not touch us! Do not f – – king touch us!”

“You, you have to take us to Brooklyn!”

The irate driver then scampered out the back seat, wildly flailed his arms, and desperately begged other cabs to take his fares off his hands.

“He just went crazy. It was really pretty scary,” said a passenger named Michelle, 31, who hailed the taxi with her pal, Amy, also 31, on Sixth Avenue and 44th Street around 2 p.m. Sunday.

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