Todays announcement spotlights the fact that Trump, his supporters and family are also scrutiny by state law enforcement in addition to the Feds….
The shutdown will be overseen by NY State officials….
President Donald Trump’s personal charity will shut down and disperse whatever funds it still has under a new agreement announced Tuesday by New York Attorney General Barbara Underwood.
The attorney general’s office sued the Trump Foundation in June, alleging the president and several of his children used it for their own political benefit. That lawsuit, which seeks millions of dollars in restitution, will continue, even as the foundation agrees to cease existence.
The agreement, which still must be approved by a judge, requires the Trump Foundation to submit a list of not-for-profit groups that will receive distributions from the remaining assets.
Underwood alleged in her lawsuit that Trump’s charity was, for years, “little more than an empty shell” with no oversight by a functioning board of directors, and she pointed out that the nonprofit had not had a board meeting since 1999.
Underwood said the foundation also made a series of questionable donations to other charitable organizations to settle legal claims involving Trump businesses, including his South Florida Mar-a-Lago retreat, while another donation went toward promoting Trump’s international hotels. The attorney general’s office also alleged that Trump handed over control of the charity to his presidential campaign in 2016, as it made strategic donations to charities and events in key campaign states like Iowa and New Hampshire.
Trump has denied the foundation did anything wrong, but he said in 2016 that he was willing to dissolve the charity. Alan Futerfas, an attorney for the foundation, did not immediately respond to a request for comment Tuesday….