Eli Ridder | Report
New York Attorney General Barbara Underwood announced on Tuesday that the Donald J. Trump Foundation agreed to shutter, as her office launches a lawsuit against the charity for illegal uses.
The development follows investigative journalism carried out by The Washington Post that documented “apparent lapses” at the foundation, founded by its namesake and current U.S. president, Donald Trump.
The lawsuit is against Trump and his three eldest children, who oversaw the charity, according to a statement from Underwood, who called it “an important victory for the rule of law.”
Mr. Trump reportedly used charity funds to pay off legal settlements for his private business, to buy art for a golf club and for an illegal political donation.
Underwood’s office secured the stipulation to dissolve the foundation and disperse the funds after her office found “a shocking pattern of illegality”, and follows a court decision allowing the lawsuit to move ahead.
Read Underwood’s Statement: Ag.ny.gov
“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,” Underwood said.
The Trump Foundation was formed in 1987, long before Trump was in the running as a politician, and will give away all its assets to other non-for-profit organizations over the next 30 days.
More details to follow. Image of Trump Foundation from Wikimedia Commons.