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platocplx

2020 Member Elect
Member
Oct 30, 2017
36,072
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.

The 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.
Source:https://www.washingtonpost.com/poli...2e98f91ee6f_story.html?utm_term=.eb6ac6c2b64d

Honestly this being shut down isnt enough. there needs to be criminal charges on all these folks involved. this is egregious.
 
Oct 28, 2017
22,596
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.

I'm shocked at Trumps use of charity for his own benefit.
 

Vas

Banned
Oct 25, 2017
4,016
Oh look at that, what would be a humiliating administration-defining scandal that won't even be the 5th worst thing to come out about Trump today. And this is by design, folks. He announced this info to sneak it in right before Flynn gets sentenced and (I think) makes his allocution in open court so it gets buried in the news cycle. This means Trump thinks whatever is coming out right now will be really really bad. Like with schools announced violations on the day after Penn State broke.
 

Kurdel

Member
Nov 7, 2017
12,157
The distant and faint sonds of paper shredders can be heard even up here in Canada
 

stew

Member
Dec 2, 2017
4,188
Too late. "Why are they still talking about my charity, I closed it !" Nah...
 

cameron

The Fallen
Oct 26, 2017
23,807
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 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.

Corrupt as fuck.
 

Soda

Member
Oct 26, 2017
8,854
Dunedin, New Zealand
But what about the CROOKED and ILLEGAL (collusion?) Clinton Foundation? Why were the offices not raided and why are the 17 Angry Democrats (sad!) stealing Money from the American Citizens?
 

thefit

Member
Oct 25, 2017
6,243
Clown actually thinks this ends all the investigations.

Trump tried to halt the law suit yesterday and this decision today pretty much tells you its been denied. They are gonna be broke soon and will never be able to scam a loan anymore because remember they already pinched they favorite foreign bank.
 

Sho_Nuff82

Member
Nov 14, 2017
18,410



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 weren't even trying to hide it smh