Gene Freidman, ‘Taxi King’ Who Upended His Industry, Dies at 50 October 25, 2021 +2 He bid up the price of medallions and borrowed against them. When their value plummeted IFTTT immigrant cabbies were left deep in debt. NYT NYT > Business NYTimes He bid up the price of medallions and borrowed against them. When their value plummeted IFTTT immigrant cabbies were left deep in debt. NYT NYT > Business NYTimes