The rise and fall of New York City's 'Taxi King'

Business Insider | Sep 13, 2017, 03.35PM IST

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New York State Office of the Attorney General

Evgeny "Gene" Freidman.

Evgeny "Gene" Freidman is commonly referred to as New York City's Taxi King - notably by the New York attorney general's office and the law firms that have filed suit against him.

At one point Freidman owned more than 800 taxi medallions, the metal plates on the hoods of yellow cabs that allow them to operate legally on the New York City streets. But in the past few years, Freidman has experienced a precipitous fall.

Here's a look at the rise and fall of New York City's Taxi King.

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