The State of New York just announced it will take bold action over today’s NY Times Trump tax fraud bombshell

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After the release of today’s bombshell New York Times report exhaustively detailing the many instances of alleged tax fraud committed by Donald Trump and his family in relation to the inheritance of the Trump family real estate empire, New York State Tax officials are opening an investigation into the Trumps’ business dealings, according to CNBC.

The Times accused the president and his family of “instances of outright fraud” in the shifting of millions of dollars from father Fred Trump’s real estate business to the next generation of Trumps without paying the proper taxes. The sweeping examination of decades of business records and extensive interviews with former Trump family employees revealed that President Trump may have received as much as $413 million in 2018 dollars from the illegal tax schemes.

“The Tax Department is reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation,” a spokesman from New York State Department of Taxation and Finance told CNBC in an email.

The new state investigation comes on the heels of an investigation that the NY authorities  are already conducting into the president’s namesake charity, the Trump Foundation, for mismanagement and misuse of funds and on top of the state’s probe into the finances of former Trump attorney Michael Cohen, who has already pleaded guilty to federal charges of campaign finance violations and implicated the president as an unindicted co-conspirator.

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If the tactic of “follow the money” provides the most successful path to uncovering evidence of criminal activity, it’s no wonder that Trump has gone to such lengths to hide his tax returns from the public. Hopefully, the NY State Tax officials will follow far enough along the road that The New York Times has so conveniently provided for them that they’ll finally be able to nail Trump and the rest of his criminal family on the still available civil penalties for the crimes that they managed to evade detection of before the statute of limitations kicked in.

Follow Vinnie Longobardo on Twitter.

Original reporting by Brian Schwartz at CNBC.

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Vinnie Longobardo

Vinnie Longobardo is a 35-year veteran of the TV, mobile, & internet industries, specializing in start-ups and the international media business. His passions are politics, music, and art.

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