By Miriam Raftery
Photo via New York Attorney General's website: Trump Foundation raised funds for veterans but failed to deliver the money to veterans' charities, a Washington Post report found.
December 18, 2018 (New York) –President Donald Trump has agreed to close down his Donald J. Trump Foundation after New York Attorney General Barbara Underwood filed suit over “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,” Underwood announced today.
Her office’s investigation into Trump and his three oldest children, all officers on the Foundation, will continue. According to the NY Attorney General, “none of the foundation’s expenditures or activities were approved by its Board of Directors” which had not met since 1991. “Mr Trump alone made all decisions related to the foundation.”
Trump has agreed to have the charities’ remaining $1.75 million in assets dispersed under court supervision to legitimate charities. Underwood is also asking the court to order Trump to pay over $2.8 million in restitution and to ban the President and his children from serving on boards of any other charities in New York.