Trump Foundation to Dissolve

[GMDino]

We've discussed the multitude of problems with this "charitable" foundation over the years.  The latest investigation has led to the voluntary dissolving of the foundation and the distribution of all remaining assets.

https://www.usatoday.com/story/news/politics/2018/12/18/donald-j-trump-foundation-dissolves/2349167002/

Quote:President Donald Trump's charity will shut down with its remaining assets distributed to other not-for-profit organizations as part of an agreement filed Tuesday by New York Attorney General Barbara Underwood.


The stipulation between the Donald J. Trump Foundation and Underwood's office calls for the charity to dissolve under judicial supervision, wiping out its certificate of incorporation and ending its existence.


The agreement was signed Dec. 11 by attorneys for the Trump Foundation and the Attorney General's Office. It is awaiting a state judge's approval. 


It comes after Underwood filed a lawsuit against Trump in June, accusing him of illegally using the charity to boost his presidential campaign in 2016.


The lawsuit listed a wide array of alleged law-breaking over more than a decade and asks a judge to force the foundation, Trump and his family to pay $2.8 million in restitution.


The lawsuit took issue with the Trump Foundation's Iowa fundraiser for veterans organizations on Jan. 28, 2016, which came in the days before the Iowa caucuses.


Nov. 23: N.Y. Supreme Court clears the way for state lawsuit against Trump Foundation
Aug. 24: Trump Foundation: How New York's growing case could impact the president


Underwood claimed the event was largely run by Trump's campaign staff, which directed where the funds went. When Trump issued enlarged checks to the veterans organizations, they had his "Make America Great Again" campaign slogan on the bottom.


New York law prohibits charities from participating in political events.


At the time the lawsuit was announced, Trump called the case "ridiculous" and laid blame with former state Attorney General Eric Schneiderman, a frequent Trump foe who resigned in disgrace after he was accused of physically abusing multiple women.


Schneiderman was succeeded by Underwood, his former solicitor general.


An attorney for the Trump Foundation could not immediately be reached for comment Tuesday morning. 


Underwood vowed to continue with the lawsuit despite the charity dissolving.



"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," she said in a statement.

For curious and "unbiased" among us the GOP is ready to investigate the Clinton Foundation after a whistleblower submitted evidence a year ago.