News

Trump agrees to shut down his embattled charity

Tuesday, December 18, 2018

Print this page Email A Friend!


NEW YORK, United States (AFP) — President Donald Trump has agreed to shut down his personal charity, the Trump Foundation, the New York attorney general said Tuesday, accusing it of engaging in a "shocking pattern of illegality" to advance his political and business interests.

State Attorney General Barbara Underwood said the family foundation would be dissolved and its remaining assets distributed to other charities under her supervision.

Underwood accused the Foundation of a "shocking pattern of illegality involving the Trump Foundation – including unlawful coordination with the Trump presidential campaign, repeated and willful self-dealing, and much more."

"This amounted to the Trump Foundation functioning as little more than a checkbook to serve Mr Trump's business and political interests," she said in a statement.

"This is an important victory for the rule of law, making clear that there is one set of rules for everyone," Underwood added.

The state attorney general filed a lawsuit against the Trump Foundation in June, accusing it of "persistently illegal conduct."

The suit, which will move ahead despite the agreement dissolving the charity, seeks millions of dollars in restitution and penalties.

It also seeks to bar Trump, his sons Eric and Don Jr and daughter Ivanka from serving on the boards of other New York charities.


Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaperlive


ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT