New York mayor Bill de Blasio (D) on Wednesday said the city is \u00ab\u00a0looking to recoup\u00a0\u00bb money from President Trump after a bombshell New York Times\u2026<\/b>
\nNew York mayor Bill de Blasio (D) on Wednesday said the city is \u00ab\u00a0looking to recoup\u00a0\u00bb money from President Trump after a bombshell New York Times investigation revealed the president and his family used shady financial maneuvers to avoid paying millions of dollars in taxes.
De Blasio, who often spars with the president, on Monday warned that Trump could face civil penalties over the instances of fraud outlined in the Times report, according to Bloomberg News .
\u00ab\u00a0It\u2019s clear to me that there are real ramifications right now to what has been disclosed, either potential violations of law, or in cases where the statute of limitations has ended that there may be very serious civil penalties that can be applied by both the state and the city,\u201d de Blasio said.
\u201cThe city of New York is looking to recoup any money that Donald Trump owes the people of New York City, period,\u00a0\u00bb he added, according to the news outlet.
New York state tax officials on Tuesday launched a review into allegations laid out in the Times article, which reported Trump engaged in \u00ab\u00a0dubious tax schemes\u00a0\u00bb in the 1990s that helped him accrue millions of dollars in wealth from his father’s real estate business.
De Blasio in his Wednesday remarks pointed to Trump’s history as a notorious New York businessman, saying he \u00ab\u00a0evaded the kind of regulation and investigation and prosecution he should have received many times over.\u00a0\u00bb
The two-term mayor called the Times investigation an \u00ab\u00a0indictment of the culture of New York City.\u00a0\u00bb
\u00ab\u00a0There was a good old boy network that obviously Donald Trump played like a fiddle,\u00a0\u00bb de Blasio said.
Though the statute of limitations has passed for many of the alleged schemes by Trump and his family, there is no time limit on civil penalties for tax fraud, the Times noted.<\/p>\n

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