Trump Foundation to shut down amid lawsuit

Trump Foundation agrees to dissolve as New York state accuses family of running slush fund

Trump Foundation shutting down amid allegations money used for personal benefit

Trump was forced to shut down his personal charity, the Trump Foundation, and forfeit its remaining money, after the New York Attorney General said investigations found a "shocking pattern of illegality" in the Foundation, with the Trumps using it as a personal piggy bank.

In a statement commenting on the agreement, Underwood didn't hold back when describing the Trump Foundation and her work against it.

In June, Underwood's office filed a lawsuit against the charity, the president, and his three eldest children (Ivanka, Eric and Don Jr.), alleging that the nonprofit was riddled with "persistently illegal conduct". Spitalnick said the ongoing suit "still seeks millions in restitution [and] penalties, [and a] bar on Trump [and his] kids serving on boards".

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New York Attorney General Barbara Underwood has announced that the Trump Foundation will dissolve. The next big item on his agenda is Spring Training with the New York Mets, and organization that happens to be based in Trump's native Queens. But the NY attorney general blocked that move while the investigation continued.

The U-S president has already been in trouble over allegations that his election campaign colluded with Russian Federation in the 2016 presidential election.

When Underwood's office filed its lawsuit during the summer, Trump tweeted that the complaint was "ridiculous" and "I won't settle this case!"

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The violations include donations from 1989, its founding year, in which the charity appeared to pay $7 for Donald Trump, Jr.'s Boy Scouts dues and $264,231 to the Central Park Conservancy for the restoration of a fountain that benefitted Trump's Plaza Hotel. ABC also notes that the foundation gave $100,000 in 2014 to the conservative Citizens United Foundation, the group behind the Citizens United case that allows corporations and unions to spend as much as they want on campaign contributions.

"The Foundation was little more than a checkbook for payments to not-for-profits from Mr. Trump or the Trump Organization", Underwood wrote in the initial suit.

Futerfas had said in a statement then that "all of the money raised by the foundation went to charitable causes" and that "we remain confident in the ultimate outcome of these proceedings".

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Charity established by the Trump family to shut down amid allegations of unlawful coordination with the campaign and improper charitable contributions. According to the Washinton Post, the most the foundation ever had was $3.2 million in 2009.

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