Oct 2, 2018

New York Tax Department reviewing Trump tax fraud allegations

President Donald Trump. Photo: Andrew Harrer - Pool/Getty Images

A bombshell New York Times investigation released Tuesday has reportedly prompted the New York State Department of Taxation and Finance to launch a review into allegations that Donald Trump participated in "dubious" tax schemes in the 1990s and raked in millions of dollars from his father's real estate empire.

The details: A spokesman from the state agency told CNBC they are "reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation." Per the Times, the Trump family committed "instances of outright fraud," and that Donald Trump received at least $413 million in today’s dollars from his father’s empire — much of it through tax dodges in the 1990s. Trump's lawyer Charles Harder has denied any allegations of fraud and tax evasion, telling the publication "the facts upon which The Times bases its allegations are extremely inaccurate."

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NASCAR driver Ryan Newman hospitalized after fiery Daytona 500 crash

Ryan Newman, driver of the #6 Koch Industries Ford, crashes and flips during the NASCAR Cup Series 62nd Annual Daytona 500 at Daytona International Speedway in Daytona Beach, Florida, on Monday. Photo: Jared C. Tilton/Getty Images

Racing driver Ryan Newman was hospitalized in a serious condition with non-life threatening injuries after his car crashed at the Daytona 500 on Monday, NASCAR said in a statement.

The big picture: The 42-year-old was leading the final lap of the race, won by Denny Hamlin, when his car flipped in the fiery crash. President Trump tweeted after the crash, "Praying for Ryan Newman, a great and brave @NASCARdriver!"

Go deeper: Trump takes presidential limousine for lap at Daytona 500

Bolton indicates more Ukraine details if book prevails WH "censorship"

Former National Security Adviser John Bolton on stage at Duke University in Durham, North Carolina, on Monday. Photo: Melissa Sue Gerrits/Getty Images

Former National Security Adviser John Bolton said during a talk at Duke University in Durham, North Carolina he hopes his new book is "not suppressed" by the White House, according to journalists present in the room.

This is an effort to write history and I did it the best I can. We'll have to see what comes out of the censorship."
Bolton's comments, per Bloomberg and the New York Times

There are warning signs that Nevada could be Iowa all over again

Former Sen. Harry Reid (D) lines up to cast an early vote for the upcoming Nevada Democratic presidential caucus. Photo: Ethan Miller/Getty Images

The alarms are increasingly sounding over Nevada's Democratic caucus, which is just five days away.

Why it matters: Similar issues to the ones that plagued Iowa's caucus seem to be rearing their ugly heads, the WashPost reports.