The foundation is accused by the attorney general in a lawsuit—and in multiple news stories—of using charity funds to settle private business matters, coordinating between the foundation and Trump’s 2016 presidential campaign, and making an illegal and undisclosed contribution to a political action committee.
“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,” Attorney General Barbara Underwood 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.”
In a stipulation signed by foundation attorney Alan Futerfas, the foundation agreed to dissolve and within 30 days submit to the court a list of not-for-profit organizations to receive its remaining assets.
The stipulation follows a decision last month to allow for Underwood’s suit against the Trump Foundation to proceed. The lawsuit seeks $2.8 million in restitution plus penalties, as well as a ban on Trump from future service as a director of a New York not-for-profit for ten years.
It also seeks the same ban for a year for Trump’s children, Donald Jr., Ivanka, and Eric, who all are foundation board members.
read more at Daily Beast
Gordon Duff posted articles on VT from 2008 to 2022. He is a Marine combat veteran of the Vietnam War. A disabled veteran, he worked on veterans and POW issues for decades.
Gordon is an accredited diplomat and is generally accepted as one of the top global intelligence specialists. He manages the world’s largest private intelligence organization and regularly consults with governments challenged by security issues.
Duff has traveled extensively, is published around the world, and is a regular guest on TV and radio in more than “several” countries. He is also a trained chef, wine enthusiast, avid motorcyclist, and gunsmith specializing in historical weapons and restoration. Business experience and interests are in energy and defense technology.