Trump's charitable foundation closes over corruption allegations

Trump's charitable foundation closes over corruption allegations
Copyright REUTERS/Jim Young
By Nial O'Reilly
Share this articleComments
Share this articleClose Button
Copy/paste the article video embed link below:Copy to clipboardCopied

Trump's troubled charitable foundation agrees to close over alleged misuse of funds. New York Attorney General to oversee the distribution of its remaining monies.

ADVERTISEMENT

US President Donald Trump's troubled charity foundation has agreed to close down amid allegations that he and others illegally misused its funds. The move was announced by the Attorney General of New York State, Barbara Underwood, who will supervise the distribution of its remaining monies.

Underwood has accused Trump and his three eldest children of using the Foundation for private and political gain including unlawful co-ordination with the Trump presidential campaign.

Trump has previously said on Twitter that the lawsuit was a concoction by "Sleazy New York Democrats" and that he was not willing to settle the case as the Foundation had done nothing wrong.

The state's lawsuit against the Trump Foundation spells out a range of alleged violations of laws concerning non-profit organisations. Trump was the sole signatory on the foundation's bank accounts and approved all of its grants.

Share this articleComments

You might also like

Trump wins South Carolina, easily beating Haley in her home state and closing in on GOP nomination

Trump likens his legal troubles to persecution of Alexei Navalny

Judge orders Trump to pay $355 million for lying about his wealth in staggering civil fraud ruling