Trump made millions from his father's alleged fraud and tax dodges, New York Times reveals

President Trump.
(Image credit: REUTERS/Leah Millis)

President Trump's infamous $1 million loan may have sparked his real estate business, but the $413 million he reportedly received from his father's own empire probably helped too.

Far from the measly operation Trump has claimed, Fred Trump's real estate business reportedly shunned taxes and engaged in fraud as he funneled millions into his children's pockets, a massive investigation by The New York Times reveals. The president himself has reportedly reaped enormous benefits — far more than his siblings, in fact, because he helped his parents "sharply reduc[e] the tax bill when properties were transferred to him and his siblings," the Times says.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.