It is something Trump and his gang should have done a long time ago. They apparently thought their little scheme to rip off unsuspecting donors to their “foundation” would go unnoticed. Instead, it took an investigation into their wrongdoings by the New York Attorney General for Trump and kind to realize that people are watching, and their crimes are not above the law.
So now, now they are forced to dissolve the Foundation. As the investigation revealed, Donald Trump has used the funds from his charitable foundation as his personal piggy-bank.
The dissolution of the Donald J. Trump Foundation resolves one element of the attorney general’s civil lawsuit against the foundation, which includes claims that the President and his three eldest children — Don Jr., Ivanka Eric — violated campaign-finance laws and abused its tax-exempt status. Rather than operating it as a genuine charity, the lawsuit alleges, they instead allowed it to be used “as little more than a checkbook to serve Mr. Trump’s business and political interests.
“The agreement to dissolve, signed by both an attorney for the foundation and Attorney General Barbara Underwood’s office, also allows the attorney general’s office to review the recipients of the charity’s assets. The foundation’s most recent tax return listed its net assets at slightly more than $1.7 million.
