Trump agrees to shut down his charity amid allegations he used it for personal and political benefit
The bells, the bells they are a'callin'
Trump agrees to shut down his charity amid allegations he used it for personal and political benefit
President Trump has agreed to shut down his embattled personal charity and give away its remaining funds amid allegations that he used it for his personal and political benefit, the New York attorney general announced Tuesday.
New York Attorney General Barbara Underwood announced that the Donald J. Trump Foundation is dissolving as her office pursues its lawsuit against the charity, Trump and his three eldest children.
The attorney general's suit, filed in June, alleged "persistently illegal conduct" at the charity and sought to have the foundation shut down. Underwood is continuing to seek more than $2.8 million in restitution and has asked a judge to ban the Trumps temporarily from serving on the boards of other New York nonprofits.
Underwood said Tuesday that her investigation found "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 is an important victory for the rule of law, making clear that there is one set of rules for everyone," she added in a statement.
The largest donation in the foundation's history — a $264,231 gift to the Central Park Conservancy in 1989 — appeared to benefit Trump's business: it paid to restore a fountain outside Trump's Plaza Hotel. The smallest, a $7 foundation gift to the Boy Scouts that same year, appeared to benefit Trump's family. It matched the amount required to enroll a boy in the Scouts the year that his son Donald Trump Jr. was 11.
The attorney general's probe turned up evidence that Donald Trump Jr., Eric Trump and Ivanka Trump — all listed as officers of the charity — had never actually held a board meeting. The board hadn't met since 1999. The charity's official treasurer, Trump Organization executive Allen Weisselberg, told investigators that he wasn't aware he was on the board at all.
State investigators asked Weisselberg what the foundation's policies were to determine whether its payments were proper.
"There's no policy, just so you understand," Weisselberg said.
At one point, Trump used the charity's money to make a $25,000 political donation to Florida Attorney General Pamela Bondi (R). The charity didn't tell the IRS about that, as required — and instead listed that donation as a gift to a totally unrelated charity in Kansas with a similar name. Trump's team blamed accounting mistakes.
During the 2016 campaign, state investigators allege, Trump effectively "ceded control" of his charity's money to his political campaign. He raised more than $2 million at a fundraiser in Iowa that flowed into the foundation. Then, the state said, Trump campaign manager Corey Lewandowski determined when and where it would be given away.
"Is there any way we can make some disbursements . . . this week while in Iowa?" Lewandowski wrote in an email cited in Underwood's lawsuit.
Source:https://www.washingtonpost.com/poli...2e98f91ee6f_story.html?utm_term=.eb6ac6c2b64dThe demise of the Trump Foundation still leaves one mystery unresolved: the fate of a large portrait of Trump that the future president bought for $20,000 in 2007, using money from the charity. But what became of it after that is unknown.
In 2017, after The Post wrote about the portrait, Trump listed it as an asset on his charity's IRS forms. He assigned it a value of $700. But he did not say where it was.
On this year's tax forms, however, the painting's value was listed at $0. Trump's attorney did not respond to a query from The Post about why.
The shuttering of Trump's charity comes after The Washington Post documented a series of apparent lapses at the foundation. Trump used the charity's funds pay off legal settlements for his private business, to purchase art that decorated one of his clubs and to make a prohibited political donation.
Trump Universityouch. is this the first Trump biz casualty? gonna go ahead and call this nail #1
that was shuttered unrelated to the mueller probe tho, right
Yeah, that predates it by quite a bit.
maybe unrelated to russia, but i bet this is something Mueller's team forwarded to SDNYI'm not sure, but I think this is also unrelated to the Mueller probe. Mueller is a tiny fraction of the open investigations going on right now about Trump.
And its smallest-ever gift, $7 to the Boy Scouts in 1989, appeared to pay for his son's annual Boy Scout dues. https://www.washingtonpost.com/politics/trump-agrees-to-shut-down-his-charity-amid-allegations-he-used-it-for-personal-and-political-benefit/2018/12/18/dd3f5030-021b-11e9-9122-82e98f91ee6f_story.html?utm_term=.64cc3bcc73d7 …
Reminder: The Trump Foundation's largest gift — $264,631 — was used to renovate a fountain outside Trump's Plaza Hotel https://bloom.bg/2Ck4XOt
they are probably thinking that they can destroy documents if they close the charity.
This isn't the Mueller probe or SDNY. It's the NY State attorney general's office. Not federal.maybe unrelated to russia, but i bet this is something Mueller's team forwarded to SDNY
Was this the one that involved a painting?This is unrelated to the Mueller probe as well, this started with a reporter digging into the charity.