New York state tax department reviewing fraud allegations involving Trump in NYT article

New York state tax officials are investigating allegations detailed in an exhaustive New York Times investigation into Donald Trump and his family's business dealings. The Times reported that Trump and his family committed "instances of outright fraud" in order to transfer millions of dollars from the real estate empire of the president's father, Fred Trump, to his children without paying the appropriate taxes. "The Tax Department is reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation," a spokesman from the New York State Department of Taxation and Finance said in an email to CNBC.