Trump
Foundation to dissolve after legal action by New York Attorney General
By Matthew Chapman / AlterNet
$258,000 of "charity" money was paid for this portrait |
On Tuesday, New York Attorney General Barbara Underwood announced
that her office had secured an agreement in court for the Trump Foundation to
dissolve:
We’ve secured a stipulation requiring the Trump Foundation to
dissolve under judicial supervision, with our review of recipient charities.
The Foundation functioned as little more than a checkbook to serve Mr. Trump’s interests. Our lawsuit remains ongoing….
The Foundation functioned as little more than a checkbook to serve Mr. Trump’s interests. Our lawsuit remains ongoing….
This is an important victory for the rule of law. There is
one set of rules for everyone.
We’ll continue to move our suit forward to ensure that the Trump Foundation and its directors are held accountable for their clear and repeated violations of state and federal law.
We’ll continue to move our suit forward to ensure that the Trump Foundation and its directors are held accountable for their clear and repeated violations of state and federal law.
The Trump Foundation, which is also the focus of
a tax investigation that reportedly may result in criminal charges, has come under fire for using charitable money for Trump's
personal benefit, including to buy expensive portraits of himself and even settle litigation against his for-profit businesses.