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AFP
New York
President Donald Trump has agreed to close down his personal charity, the Trump Foundation, the New York attorney general said Tuesday, accusing it of engaging in a “shocking pattern of illegality” to advance his political and business interests.
The Trump Foundation would be dissolved and its remaining assets distributed to other charities under her supervision, attorney general Barbara Underwood said in a statement.
Underwood said there had been a “shocking pattern of illegality involving the Trump Foundation–including unlawful coordination with the Trump presidential campaign, repeated and willful self-dealing, and much more.” “This amounted to the Trump Foundation functioning as little more than a checkbook to serve Mr. Trump’s business and political interests,” she said in a statement.
“This is an important victory for the rule of law, making clear that there is one set of rules for everyone,” Underwood added. The New York attorney general filed a lawsuit against the Trump Foundation in June, accusing it of “persistently illegal conduct.” The suit named the president, sons Donald Trump Jr. and Eric Trump, and daughter Ivanka Trump, who were on the board of the foundation.
“We’ll continue to move our suit forward to ensure that the Trump Foundation and its directors are held to account for their clear and repeated violations of state and federal law,” Underwood said.
The suit seeks $2.8 million in restitution and to bar Trump, Don Jr, Eric and Ivanka from serving on the boards of other New York non-profits. According to the suit, Trump used foundation funds to settle lawsuits, promote his Trump-branded hotels, and for personal spending-including the purchase of a portrait that was displayed at one of his golf clubs.
New York
President Donald Trump has agreed to close down his personal charity, the Trump Foundation, the New York attorney general said Tuesday, accusing it of engaging in a “shocking pattern of illegality” to advance his political and business interests.
The Trump Foundation would be dissolved and its remaining assets distributed to other charities under her supervision, attorney general Barbara Underwood said in a statement.
Underwood said there had been a “shocking pattern of illegality involving the Trump Foundation–including unlawful coordination with the Trump presidential campaign, repeated and willful self-dealing, and much more.” “This amounted to the Trump Foundation functioning as little more than a checkbook to serve Mr. Trump’s business and political interests,” she said in a statement.
“This is an important victory for the rule of law, making clear that there is one set of rules for everyone,” Underwood added. The New York attorney general filed a lawsuit against the Trump Foundation in June, accusing it of “persistently illegal conduct.” The suit named the president, sons Donald Trump Jr. and Eric Trump, and daughter Ivanka Trump, who were on the board of the foundation.
“We’ll continue to move our suit forward to ensure that the Trump Foundation and its directors are held to account for their clear and repeated violations of state and federal law,” Underwood said.
The suit seeks $2.8 million in restitution and to bar Trump, Don Jr, Eric and Ivanka from serving on the boards of other New York non-profits. According to the suit, Trump used foundation funds to settle lawsuits, promote his Trump-branded hotels, and for personal spending-including the purchase of a portrait that was displayed at one of his golf clubs.
