Evgeny “Gene” Freidman is the man who BusinessWeek called “The Taxi King” and is the owner and operator of the largest Taxi fleet in New York City. But his kingdom has recently begun to fall.
According to court documents, in the morning on August 24, 2016, City Marshals evicted Taxi Club Management, one of Freidman’s Taxi companies, from its commercial space on 10th Avenue as they owed more than $77,000 in rent to the landlord.
The monthly rent for the space was $15,265 and according to reports, Freidman failed to pay between October 2015 and February 2016. The landlord, Pradera Realty, sued Freidman’s company in January. The attorney for Pradera Realty commented that the rent owed is actually even larger when you calculate in the missed rent between the time they sued and when he was finally evicted in August 2016.
When contacted by the media, Freidman denied any eviction and declined to be interviewed. Freidman simply stated, “I told you I don’t comment. God bless you, bye.”
Freidman told a judge that he stopped making rent payments after a multitude of problems such as basement flooding, rat infestation and power problems. The attorney for Pradera Realty strongly denied the complaints about the property and instead believed that he either didn’t have the money or didn’t want to pay it.
The judge rejected that defense as it would only apply to residential properties and not commercial space.
Freidman is due back in court in October 2016 and will most likely have a new attorney. Martin Tenenbaum filed a motion on August 19, 2016 to be removed as Freidman’s counsel as Freidman’s cooperation in his legal affairs recently stopped and there was a “complete breakdown of the attorney-client relationship.”
By Samantha
YellowCabNYCTaxi.com Staff Writer
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Cab medallion owners sue NYC because Uber ruined the businesses
He had no respect to drivers ,he would swallow drivers deposit on cars that drivers buy from him ,he would file false insurance claims on scratched bumpers and charge both drivers and insurance a lot .Taxi industry ruined by these people .he got the money illegally to buy 900 medallions .you can’t use loans to buy medallions because you didn’t drive or made money from driving to buy those medallions.we don’t know how those banks make money and they have no direct intervention on taxi business.Prostition ,drugs ,black market money are stocked in those banks and they want to hijack the taxi industry by hiring indirectly these people get as 900 medallions each so he and his banks get easy money from drivers as low as 900$ times 1680$ or 1,512,000 a week .
this is called corruption .
only drivers have the right to buy medallions and 50% deposit in cash .then you can say to a person welcome to taxi business.it’s impossible for drivers to buy medallions because of these ghost bank loans.
He never owned 900 medallions. He leased most of them. At least with NYC taxi you can buy and own your own medallion, with Uber – you can never buy or own anything – with Uber you’re on a forever rent – unable to become an owner. Once you run the numbers – Uber is a waste of time.
There is no difference when comparing Friedman to uber, both corrupt corporations, hiding money, not paying taxes, paying off politicians and screwing over drivers.
How much is a medillion these days? Saw one sold on tlc site for 350k can you get one for less
Why by a medallion when uber is all you can afford?
I drive yellow not uber. I predicted 250k for the medallion last year when uber was expanding like crazy. I can afford a medallion and probably will buy one when they drop a little more. Forclousures are going up every month and basically no financing available means medallion is going lower and lower . I’m just waiting patiently for it to hit the bottom
E-book is a Book. And E-Hail is a Hail. Rights REMAIN.
Anyone thinking otherwise is saying 2×2 = 5 and goes against law and logic.
CBD Street Hails Belong to YELLOWS….Radio Groups / Green Cabs Should Be FIGHTING UberThieves …PREET Must INVESIGATE….NOW
London gives taxis bus lane access. NYC is deep in uber-coma.
Traffic is getting very bad. NYC traffic was bad enough but with all the app taxis its now impossible. Uber says they create jobs but the truth is uber is creating forclosures and bankruptcy. Owner drivers who took loans on their houses and paid a million are losing everything. Drivers retirement ruined as well. Uber is a disruptor destroyer. City Madoff(ed) the medallion owners.
The taxi industry is going to be replaced, just accept it.
Replaced by a criminal Uber monopoly in violation of existing active laws and regulations? Go peddle your ponzi-scheme myth somewhere else.
Anyone selling a medallion for under 500k is an ass.
Has there been a real sale for under $500,000? I don’t see anyone who has that kind of money using it for a medallion. So who would finance $500? Montauk!
Sad how thousands of medallion owners lost what they worked years for. City officials should be made to pay for accepting bribes and changing the rules. The TLC has thrown out almost every rule to keep pace with uber who has none.
Those selling low have no clue. Let them. Good for buyers if they found a sucker.
TLC website has 1 transfer in August for 350k, there are a few others listed higher and several forclousures , doesn’t that mean it sold for 350k?
Medallion is business, uber is a gig.
Medallions lead us to corruption,Because Gangs get them without working 12 hours 7days 30 years of work.what a stupidity to sell medallions to a gambler or to a bank .Banks don’t work..when you see banks come in trading your job just get out and find something else.For Example:Uber would not open a door for any bank to come onboard ..because it’s using job money for improvements and helping drivers get more money .that why you see cabies look sick tired overworked because of auctioning these medallions to the limit without taking into account traffic ,hours holidays,summer ,snow,and so on..If you drive a cab ,you are dead brain because you paying everyone in this world..bank intrests,owner fees,taxes,tlc fees,
maintenance ,tickets,traffic time lost ,slow days,lease auctionned ,your health, ..at the end you make 60$ a day if lucky ..jesus cris..Ignorance feeds Capitalism…
I remember when I bought my medallion I had to show where I got the money for the down payment and was completely vetted. When I told them my mother helped out mom had to bring her bank book and get fingerprinted. Mom was totally checked out because she helped me out. Didn’t own a piece of the medallion just took money from her savings for me. I had to bring her to Queens to get “booked”.
The body repair shops are full of ubers and lyfts. They are having a lot of collisions.
The streets are flooded with fhv and taxis there should be a cap on licenses issued.The mayor was attacked by uber and was too worried about being reelected, so nothing was done.
I am ready to buy medallion for $25,000 if you want to sell please let me know. With car, must be 2015 model.
Without car medallion only $15,000 if anyone agree and wanta to quick sale please contact me, serious buyer.
Sam i seriously doubt you have $25,000. You post nonsense because you have nothing.
Sam….I Have It For You….25 K a Month ….15 yrs….
Judges need to realize – TAXI apps pre-date Uber. This is factual. There is NOTHING innovative in breaking laws.
Taxi driver are leaving the country ,I know like 10 drivers moved back home with kids and the whole family to their country of origin..It’s serious issue becaus of uber.soon will be no arm forces in usa. just robot self driving shooters ..fxkxy.
If medallion taxis are the only one allowed to pick up street hails why isn’t the hail allowed to use technology? And if yellows are using an app to pick up then they should be the only one allowed. Uber app is a street hail like Curb. If we aren’t allowed to pick up pre-arranged passengers then Curb is a street hail.
2016 Taxi & Limousine Commission Safety Honor Roll
Had no accident the last 8 years or any ticket and I did not see my name in the list ..how they select drivers based on what?????
if honored do they pay you any money or reduce your car insurance cost or just a smile in your face.
I wish they give drivers just vitamin D .
To Peter Meter and all those caring drivers! Video about …. https://youtu.be/jZYZrU0cTk8
moving back to their country with all the kids and family because taxi business is down? is just does not make sense, try something else, there is a lot of oppotunities here in this country, hope they don’t make a U turn.
Imagine an app providing banking services – in violation of FDIC, laws, regulations. Would banks shut up? And when banks would says this is illegal, unfair, and unconstitutional – the app owners would call them ‘Luddites’, ‘degenerates’, ‘banks stink’, ‘our app smells better’, and etc. Would this fly in US judicial system? Not in a million years. This law-breaking app would be shut down in a day. But do that to millions of taxi drivers and our judges take the dark corporate side.
lyft just announced that they will replace all drivers to autonomous cars within 3 years…keep digging your own grave …uber and lyft
I will buy your new suburban suv that you bought for uber. Must be ltz and four wheel drive.
Come to think of it, whoever purports to own a medallion is a criminal. Welcome Uber!
Fark Uber, you troll. If you only had half-a-brain to know.
Face it uber won. Now the tlc is giving yellows the final stroke with the 10 hour daily rule and 60 hours a week when they know a cab is leased for 12 hours. Has to be on purpose. If that doesn’t work expect something else.
20 car for one passenger .
first things uber or other app.can not be legal.they did not buy as a medallion and paid sales tax.and mortgage. second if taxi driver work 10 hour a day as a new rules.they should do same rules for Uber and other limo companies.WE can drive city anymore over crowd uber and other app .companies.
10.years expense for taxi cab driver..
10 year appartment rent 168000$
10 year taxi lease.
456000$
10 year Home expenses plus health care and tickets .
240000$
total:864000$. this is the money the driver pays and saves nothing .he has to work 10 years 1800$ a week .just to to pay off his expenses ….welcome to america …Impossible to make it in usa anymore either you driving uber or other shity car service ..lease and commission eat you live .