Additionally, Harder said Trump was not involved in the tax strategies because his family members and tax professionals handled them.
The Times reviewed tens of thousands of pages of financial records including bank statements, financial audits, accounting ledgers and tax returns of Fred Trump, the president’s father.
A spokesman for the New York State tax department confirmed in an e-mail to CNBC that they are looking into the tax fraud allegations against the president. He wrote, “The Tax Department is reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation.”
In June, New York State Attorney General Barbara Underwood filed a lawsuit against Trump, his adult children, and their charitable foundation.
Underwood alleged that the foundation and its board of directors violated state and federal laws. Trump and his children allegedly committed a “pattern of persistent illegal conduct” for over a decade.
