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New York’s largest credit union is suing the former “Taxi King” of the Big Apple and 12 taxi companies for more than $18 million in defaulted medallion loans.

The $7.7 billion Bethpage Federal Credit Union filed a civil lawsuit last month in U.S. district Court in New York City against Gene (Evgeny) Friedman, who was nicknamed New York City’s Taxi King by the local media because he once reportedly owned and managed 1,100 taxi medallions that were estimated to be worth $1.5 billion just a few years ago.

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Peter Strozniak


Credit Union Times

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