Trump Foundation Accused of Being ‘Shell Company’ in NY Lawsuit
The Trump Foundation is being sued by the state of New York for using Foundation funds for personal and political gains.
New York Attorney General Barbara Underwood accused the Trump Foundation of acting as a shell company in a memo filed Thursday as part of a lawsuit brought by the state of New York against the charity.
The lawsuit, which was first filed against the Trump foundation in June, alleges that the foundation used charitable donations and funds raised for the charity for personal gains.
“As the attorney general’s petition alleges, and as the evidence shows, the Trump Foundation was a shell corporation that functioned as a checkbook from which the business entity known as the Trump Organization made payments – using other people’s money, as Mr. Trump did not personally contribute to the foundation after 2008 – to charities and political committees,” Underwood wrote in a Thursday memo. “On multiple occasions, the payments were made for the personal benefit of Mr. Trump or a Trump business.”
Trump and the state of New York both want the foundation dissolved; however, New York wants acknowledgment of wrongdoing and the return of $2.8 million the foundation collected from a political fundraiser in Iowa in 2016.
The Trump Foundations lists Trump’s children, Eric, Ivanka and Donald Jr. as the foundation’s directors but Underwood alleges they failed to ever hold a meeting once they joined the foundation in 2006.
The foundation responded to the June lawsuit by filing a motion to dismiss in August. Trump’s attorney has attempted to frame the New York lawsuit as a politically motivated attack and recently issued a statement defending the foundation’s work.
“This case involves the unprecedented circumstance of a state agency suing a charitable Foundation that, since its inception in 1987, has raised $17.5 million dollars and, upon dissolution, will have given over $19 million to charitable causes,” Trump’s attorney Alan Futerfas wrote. “The reason the Donald J. Trump Foundation could do this is because – unlike many other charitable foundations – it paid no salaries to board members or employees (even though the law entitles it do so), provided no perks, and, consequently, had virtually no operating costs, save for accountants and professional fees. Practically every dime it received went to charitable causes.”
Trump Foundation Accused of Illegal Activity and Self-Dealing
The New York lawsuit cites numerous instances of alleged illegal activity by the foundation. In one instance, the lawsuit alleges the foundation participated in a nationally televised Trump Campaign fundraiser to solicit charitable donations from the public. The Foundation then ceded control of the $2.8 million raised to the Trump Campaign which used the money to influence the 2016 election. The lawsuit alleges when the Foundation participated in the fundraiser and handed over the money to the Campaign, the Foundation participated in illegal political activity.
Six additional illegal transactions by the Foundation are referenced in the lawsuit. In one transaction President Trump was sued by the town of Palm Beach, Florida but Trump directed the payout to Palm Beach to come from his foundation. The Foundation, however, was not named in the lawsuit.
In a second instance described in the lawsuit, the Trump Foundation auctioned off a membership to the Trump National Golf Clubs worldwide with the claim the money raised would benefit the Donald J. Trump Foundation. Instead, the money the Trump Foundation raised was used to pay a legal debt the Trump National Golf Club owed.
The four other instances mentioned in the lawsuit allege various other instances of the Foundation’s funds being used for personal gain including to purchase a $10,000 portrait of Trump.
A hearing on the motion to dismiss is scheduled for October 25th.
Lock the whole family of parasites up
Duh
Surprised?
They’re above the law,they think,but can do pretty much what they want now that they have the Supreme Court filled with the majority of judges they needed to protect their president!
That people are surprised is a joke. He is the prince of lies being followed by those who think their Christian. Read revaluations
Lock Them All Up.
https://www.dailywire.com/news/35202/report-weinsteins-law-firm-gave-andrew-cuomo-25k-hank-berrien?utm_source=facebook&utm_medium=social&utm_content=062316-news&utm_campaign=uschronicle
LOCK THEM UP
Lol
Have you heard of the Clintons maybe?
Yes, they were investigated for decades, no charges. One lie about consential sex and he was impeached .
Ah, but who received these professional fees??? Want to bet their last names were trump???
Keep piling up all the evidence
Not surprised
Are they implying our inglorious “leader” is a cheap crook?
They are not above God’s law. Karma is a real bitch.
The only charity The Trump family supports is themselves.
Shashon Jenkins
Go get him and hit him hard
Lock Them All Up!
What about Hillary laundering $800 million and the Clinton Foundation? The swat teams to Haiti?
Lock the whole family up
So what
PLEASE LOCK THE GRIFTERS UP/
Lying liberal democrats
Russians here
Get the ? bastard!
Lock him up!!!!!Hm, I wonder where I have heard
That expression before?
Dr arachno
This NY thing should set Trump back for not paying his Taxes ! Boy oh Boy does he owe NY a lot of money !
He looks so much like a Russian plant to me I can’t stand it
didn’t you know King Trump is above the law, said kavanaugh
It is and he now has supreme court protection to keep him from any criminal consequences
Of course!
Someone please take him down!
I hope this makes him go to jail
NAIL trump’s ASS and make him file for bankruptcy!!!
Only the left-wing lying morons would say this and actually get traction!! Say anything and put it out to the media and watch the liberals eat it up as true!! The lying fake news media controls the people, don’t let the media control you!!!!
BS BS BS BS BS BS FAKE NEWS
Criminal charges
Lock these mother fuckers up! My god! Enough
GET THEM
Dump trump18!
Surprised?
Lock this criminal up! Hurry!
Ok, look into Diane Feinstein and other senators she makes 174 thousand a year approximately and is worth approximately 94 million. How did she make that money. Or better yet Obama came in as a Junior Senator. Obama came in as a Junior Senator made less. Presidential salary 200 thousand x 8 about a million and his net worth now is worth is now 40 million. These are numbers we should be concerned with!
It doesn’t matter, it seems no one really cares
not what you know but what you can prove
Nothing is surprising about this crook and liar
Probably.
Maybe they should actually investigate the money laundering operation called the Clinton Foundation instead.
Like the Clinton foundation?, two wings of the same bird
According to Trump he is till selling apartments to Saudi
Decades of conning both New York and the Feds…..hopefully this time they get the whole family of parasites
They never give up trying to sink our President!
simply calling for justice
What the hell is it going to take to bring this POS down??
Hope everyone sues Trump.
Everything we have seen of this liar why would we be surprised that his charity is a lie also. The best way to hurt this bigot is take all of the money. Go Mueller!!!!