Trump Foundation cannot dissolve amid investigation into charity spending

[think]

Trump Foundation cannot dissolve amid investigation into charity spending

By Ben Jacobs - Tuesday 27 December 2016 12.53 EST

Donald Trump cannot move ahead with his plan to dismantle his charitable foundation because state prosecutors are investigating whether the president-elect personally benefited from its spending, the New York attorney general’s office said on Tuesday.

“The Trump Foundation is still under investigation by this office and cannot legally dissolve until that investigation is complete,” said Amy Spitalnick, spokeswoman for the state attorney general, Eric Schneiderman.

The statement came after Trump announced that he wanted to dissolve the Donald J Trump Foundation, part of what his presidential transition team says is an effort to erase any potential conflicts of interest before he takes office on 20 January.

But the foundation’s inner workings have been the subject of Schneiderman’s investigation for months and could remain a thorny issue for Trump’s incoming administration. Democrats nationally have said they are ready to raise any legal or ethical issues from Trump’s global business empire during his presidency...

Read more:
https://www.theguardian.com/us-news/2016/dec/27/trump-foundation-charity-spending-investigation

[Angry Dragon]

1. the Bobdi payment, the painting, paying personal judgements etc

[yallerdawg]

2. "High crimes and misdemeanors."

And no consenting adults involved!

[Warpy]

3. Well, his kids might have been

Most of those "foundations" are started as tax dodges, allowing one's children to draw six or seven figure salaries in perpetuity while keeping the boodle away from the tax man. These phony foundations transfer money among other phony foundations, thus satisfying the "charity" part of the charter. It's a rich kid club, that foundation circuit.

He just used it as his personal slush fund while he's still alive. That is a big no-no.