The investigations into President Donald Trump just keep piling up. While he continues to complain at nearly every possible opportunity about Special Counsel Robert Mueller’s ongoing Russia investigation, he’s facing scrutiny for his current and past business practices too. After an article in The New York Times accused the president of reaping millions upon millions of dollars in tax fraud schemes, New York state authorities confirmed they had launched a review.
‘The Tax Department is reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation.’
The article in question calls the president’s longstanding assertion that he’s a nearly self-made man into serious question. Actually, the journalists explain, tens of millions of dollars made it to Trump from his father, Fred, concurrent to machinations meant to defraud the government.
Trump personally responded to the allegations, dismissing their worth, but it would hardly be the first time he’s lied. He’s been documented to have misled those he could literally several thousand times and counting since taking office.
Still, he asserted:
‘The Failing New York Times did something I have never seen done before. They used the concept of “time value of money” in doing a very old, boring and often told hit piece on me. Added up, this means that 97% of their stories on me are bad. Never recovered from bad election call!’
Actually, the paper has “recovered” just fine and has grown ever since the 2016 presidential election, adding tons of subscribers.
The financial processes the article rests on are real whether the president likes it or not, and no number of angry tweets will be able to erase that fact.
The reported investigation from the New York State Department of Taxation and Finance comes in addition to an already reported investigation in the same department into the Trump Foundation. It’s long ceased operations at this point, but while in business, it carried on with fraud through such means as redirecting vast amounts of charity money for Trump’s own usage.
The scandal is one of many affecting the current U.S. president.
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