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The New York Post: New York launches tax investigation into Trump after N.Y. Times report

The state of New York on Tuesday launched an investigation into President Donald Trump following an explosive report alleging that he and his family cooked up fraudulent financial schemes to help their parents dodge millions in taxes.

Trump pocketed at least $413 million in today’s dollars from his father Fred’s real estate business, The New York Times reported, citing a “vast trove” of confidential tax return and financial records.

“The Tax Department is reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation,” the department said in a statement.

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