March 17, 2019

New York AG claims Trump owes over $8 million to his foundation

Law & Crime -President Donald Trump used his personal charity to benefit his 2016 presidential campaign in violation of the law and is now subject to massive fines, according to New York Attorney General Letitia James.

Bloomberg News reports that James made the allegation and recommendation in court papers.

Because of those violations, James wants Trump himself to pay some $5.6 million in restitution for the myriad violations alleged. The Associated Press reports that James is also seeking an additional $2.8 million in restitution from the 45th president.

According to James, the Trump Foundation failed to meet as a corporate board, failed to conduct any cognizable oversight regarding the grants issued and also failed to implement any sort of policy which might have protected the charity’s funds from being abused.

All of those allegations are contained in a 37-page filing which also alleges that none of the Trump family–up to and including Donald Trump, Jr., Ivanka Trump or Eric Trump–have provided evidence to rebut the above claims.

“In this vacuum of oversight and diligence, Mr. Trump caused the foundation to enter repeatedly into self-dealing transactions and to coordinate unlawfully with his presidential campaign,” James told the New York State Supreme Court in Manhattan.

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