Trump charity to dissolve under deal with N.Y. attorney general




  • In US
  • 2018-12-18 18:01:43Z
  • By By Brendan Pierson

By Brendan Pierson

(Reuters) - U.S. President Donald Trump's namesake charitable foundation has agreed to dissolve under court supervision, partially resolving a New York state lawsuit claiming he misused it to advance his 2016 presidential campaign and his businesses, the state attorney general said on Tuesday.

The lawsuit against the Donald J. Trump Foundation also seeks to recoup $2.8 million and ban Trump and his three eldest children from leadership roles in any other New York charity.

The agreement, which must be approved by a New York state judge, would give state Attorney General Barbara Underwood the power to vet the charities that receive the foundation's remaining assets.

Underwood said in a statement that the foundation had served as "little more than a checkbook to serve Mr. Trump's business and political interests," and called the agreement "an important victory for the rule of law."

Alan Futerfas, a lawyer for the Trumps, responded in a statement that the lawsuit had delayed the foundation's plan to dissolve after Trump won the U.S. presidential election in November 2016.

He added that over the past decade, the foundation had distributed about $19 million, including $8.25 million of Trump's personal money, to over 700 charitable organizations.

Trump, a Republican, has previously said on Twitter that Underwood's lawsuit was a concoction by "sleazy New York Democrats." In their motion to dismiss the case, the Trumps said it reflected Underwood's "pervasive bias" against them.

The new agreement came less than a month after Justice Saliann Scarpulla of the New York State Supreme Court in Manhattan rejected the motion to dismiss.

The motion had argued that the U.S. Constitution immunized Trump from Underwood's claims alleging breach of fiduciary duty, improper self-dealing, and misuse of assets belonging to the Foundation.

Underwood sued Trump and his adult children Donald Jr., Eric and Ivanka on June 14, after a 21-month probe that she said uncovered "extensive unlawful political coordination" between the foundation and Trump's campaign.

Underwood alleged, among other things, that Trump wrongly ceded control to his campaign of about $2.8 million donated to the foundation in a 2016 Iowa fundraiser for military veterans. Other challenged expenses included $100,000 to settle a dispute involving Trump's Mar-a-Lago resort, and $10,000 for a portrait of Trump that was later hung at one of his golf clubs.

(Reporting by Brendan Pierson in New York; Editing by Richard Chang)

COMMENTS

More Related News

Warren backs congressional plan for reparations study
Warren backs congressional plan for reparations study

JACKSON, Miss. (AP) - Democratic presidential candidate Elizabeth Warren on Monday embraced a congressional proposal to study a framework for reparations to African-Americans hurt by the legacy of slavery as the best way to begin a "national, full-blown conversation" on the issue.

Flooded U.S. Air Force base underscores climate risk to security: experts
Flooded U.S. Air Force base underscores climate risk to security: experts
  • US
  • 2019-03-18 22:10:27Z

Flooding at a U.S. Air Force base in Nebraska that damaged buildings and forced the removal of a plane integral to the nation's nuclear attack response highlight the risks climate change poses to national security, experts said on Monday. U.S. President Donald Trump has repeatedly questioned whether humans cause climate change and has been angered by assessments from his military and intelligence agencies that say the phenomenon poses national security risks. Last week's "bomb cyclone" storm flooded about 60 structures including 30 buildings at the Offutt Air Force Base, said Ryan Hansen, a spokesman for the 55th Wing, a unit providing reconnaissance, intelligence and combat support to...

Kansas hopes to resurrect proof-of-citizenship voting law
Kansas hopes to resurrect proof-of-citizenship voting law

SALT LAKE CITY (AP) - Kansas' solicitor general on Monday called on a federal appeals court to reinstate the state's law requiring people to provide proof of citizenship before they can register to vote, saying problems with how it was enforced during the three years it was in place are fixable.

Poll: Half of Americans say Trump is victim of a 'witch hunt' as trust in Mueller erodes
Poll: Half of Americans say Trump is victim of a 'witch hunt' as trust in Mueller erodes

As the Russia report seems near, a USA TODAY/Suffolk poll finds half of Americans agree Trump is the victim of a "witch hunt," and trust in Mueller erodes.

Jim Carrey
Jim Carrey's Grief Over New Zealand Turns To Anger Against Trump

Carrey's new artwork shows Trump's head, with an angry, soulless expressionand a Nazi swastika on the forehead, as a blazing asteroid streaking towardEarth

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: US

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.