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Body Of Missing NYC Cabbie Found In East River

NEW YORK (CBSNewYork/AP) -- The family of a New York City cab driver is in mourning after a body pulled from the East River was identified as the man who had gone missing earlier this month amid financial concerns.

Yu Mein "Kenny" Chow's family had filed a missing persons report shortly after he was last seen on May 11. His cab was found in Manhattan a block from the East River.

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Authorities retrieved the body from the river on Wednesday.

His family said Chow was feeling financial pressure from a $700,000 loan on his medallion, the permit that lets someone have a yellow taxi in New York City.

The value of the medallions has gone down significantly in recent years with the rise of app-based hailing services.

(© Copyright 2018 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)

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