Trump Foundation No More

  1. IslandBites profile image67
    IslandBitesposted 6 years ago

    Trump Foundation agrees to dissolve under court supervision

    The Donald J. Trump Foundation has agreed to dissolve under judicial supervision amid an ongoing lawsuit concerning its finances, according to a document filed Tuesday in Manhattan Supreme Court by the New York state Attorney General's office.

    The dissolution of President Donald Trump's charity resolves one element of the attorney general's civil lawsuit against the foundation, which includes claims that the President and his children violated campaign finance laws and abused its tax-exempt status.
    The lawsuit will continue in court because it also seeks two other outcomes: $2.8 million in restitution, plus penalties, and a ban on Trump and his three eldest children serving on the board of any other New York nonprofit.

    "Our petition detailed 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," Underwood said in a statement Tuesday.

    "This is an important victory for the rule of law, making clear that there is one set of rules for everyone," Underwood said. "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."

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    1. JAKE Earthshine profile image67
      JAKE Earthshineposted 6 years agoin reply to this

      In REAL Time, we are witnessing the total collapse of a quasi-dictatorship, but it's not in a third world state, Believe it or NOT, it's actually happening right before our very eyes here in the USA: UNREAL: SHOCKING:

      "Our petition detailed 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," Underwood said in a statement Tuesday."

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