Trump Foundation to dissolve under court supervision

Trump Foundation to dissolve under court supervisionUS President Donald Trump agreed to close his donation to the Donald J. Trump Foundation and give the remaining money after the allegations that the foundation was used for political purposes. This was December 18, the Washington Post reported.

New York State Attorney General Barbara Underwood said that during the investigation they revealed a “shocking pattern regarding the Trump Foundation — including illegal political coordination with his presidential campaign,” RTVi writes.

The remaining $ 1.75 million will be handed over to other charitable organizations, which will be approved by the State Office and the judge. “This is an important victory for the principle of the rule of law, which shows that for all there is one set of rules,” the prosecutor general added.

The largest donation in the history of the fund – $ 264 thousand. The sum was donated by the private non-profit organization Central Park Conservancy in 1989 and, as the newspaper notes, benefited Trump’s business – it went to the restoration of the fountain near the Trump Plaza hotel.

The smallest donation was in the same year from the boy scouts, in the amount of $ 7. And it also benefited the Trump family, WP writes. That was exactly how much it cost to enroll a boy in scouts that year, and it was then that Trump’s son Donald Jr. was 11 years old (at that age they are taking boy scouts).

Underwood’s investigation also revealed that Trump’s children, Donald Jr., Eric and Ivanka were employees of the foundation, but have not held a board of directors meeting since 1999. Allen Weisselberg, the treasurer of the fund and the head of the Trump Organization, told investigators that he did not know that he was on the board.

In June of this year, Underwood filed a lawsuit against US President Donald Trump, his three children, and the Donald J. Trump Foundation, accusing them of illegal activities for more than ten years. The lawsuit also demanded compensation for the city in the amount of $ 2.8 million.

According to the Prosecutor General’s Office, the fund’s employees repeatedly made deals in the personal and business interests of Donald Trump. In response, Trump said he was not going to satisfy this claim.

Picture Credit: quinntheislander

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