Attorney General says that the Trump Foundation has signed a stipulation agreeing to dissolve.

[kpete]

BREAKING: @realDonaldTrump agrees to shut down his troubled charity, and give its money away to charities approved by a judge.
The NY AG's lawsuit against Trump & his kids will continue.


A.G. Underwood Announces Stipulation Dissolving Trump Foundation Under Judicial Supervision, With AG Review Of Recipient Charities


AG Underwood's Lawsuit Remains Ongoing

NEW YORK – Today, Attorney General Barbara D. Underwood announced that – following a court decision in favor of the Attorney General – the Trump Foundation has signed a stipulation agreeing to dissolve under judicial supervision, with review and approval by the Attorney General of proposed recipient charities of the Foundation’s remaining assets.

This stipulation follows the court decision last month allowing Attorney General Underwood’s lawsuit against the Trump Foundation to move forward.

Attorney General Underwood’s lawsuit sought the dissolution of the Foundation under judicial supervision and with the oversight of the Attorney General's Charities Bureau. The lawsuit – which also seeks millions in restitution and penalties and a bar on President Trump and his three eldest children from serving on the boards of other New York charities – remains ongoing.

Attorney General Underwood released the following statement:

“Our petition detailed 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 amounted to the Trump Foundation functioning as little more than a checkbook to serve Mr. Trump’s business and political interests.

“Today’s stipulation accomplishes a key piece of the relief sought in our lawsuit earlier this year. Under the terms, the Trump Foundation can only dissolve under judicial supervision – and it can only distribute its remaining charitable assets to reputable organizations approved by my office.

“This is an important victory for the rule of law, making clear that there is one set of rules for everyone. We’ll continue to move our suit forward to ensure that the Trump Foundation and its directors are held to account for their clear and repeated violations of state and federal law.”

The Attorney General filed the stipulation with the court today; it is awaiting the judge’s signature.



https://ag.ny.gov/press-release/ag-underwood-announces-stipulation-dissolving-trump-foundation-under-judicial

Link to tweet

?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1075057393971662849&ref_url=https%3A%2F%2Ftheobamadiary.com%2F2018%2F12%2F17%2Fwoke-up-flawless%2F

Link to tweet

[brush]

1. Is Underwood the outgoing AG? Isn't James the new AG?

[Freethinker65]

2. No biggie. Trump has much bigger slush funds to tap into now.

[PhrankT]

3. "Donald--guess whose charitable foundation is still active & helping people around the world"

Link to tweet

[spanone]

4. ...now who is going to jail?

[madinmaryland]

5. Another failed tRump venture.