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BREAKING: Trump Settles With NY-AG; Dissolves Trump Foundation

The Trump Foundation will only be allowed to distribute its assets to court-approved charities. And it has to shut down.
BREAKING: Trump Settles With NY-AG; Dissolves Trump Foundation
Screenshot from 2016. We already knew this.

David Fahrenthold at Wapo has the story:

President Trump has agreed to shut down his embattled personal charity amid allegations that he used it for his personal and political benefit and to give away its remaining money, New York Attorney General Barbara Underwood announced Tuesday.

Underwood said Tuesday that her investigation found “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 is an important victory for the rule of law, making clear that there is one set of rules for everyone,” she added in a statement.

The Attorney General also wants a $2.8 million restitution settlement and to prevent Trump and his family members from sitting on any other New York boards for an indefinite time.

This does NOT stop further lawsuits against the Trump Organization.


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