Free Speech For People Calls on the NY Attorney General to Revoke the Trump Organizations Charter
What is encouraging about this is it doesn't require Congress. It's a different way to approach the conflict of interest.
"Today, Free Speech For People delivered a letter to New York State Attorney General Eric Schneiderman demanding he investigate whether to revoke the charter of The Trump Organization, Inc. due to the President’s ownership stake in the corporation and its history of illegal activity. Unlike existing legal actions against the President’s conflicts of interest, our legal strategy is based on Attorney General Schneiderman’s power and legal precedent to pursue this investigation in New York state court without permission from Congress or any other arm of the federal government. It’s an opportunity to put Trump Inc. out of business.
“The President’s continued ownership stake in the Trump Organization poses a grave threat to our Constitution and our country. Attorney General Schneiderman needs to investigate the Trump Organization’s corrupt involvement in the President’s self-enrichment scheme, and whether to dissolve the company and revoke its corporate charter,” said Ron Fein, Free Speech For People Legal Director. “The Attorney General of New York does not need Congress to pursue this investigation. He does not need the state legislature. Right now, he can use the power the people of New York have vested in him to ensure that the President is not above the law.”
“President Trump’s unprecedented corruption of the Oval Office abuses the public trust and directly violates the U.S. Constitution,” said John Bonifaz, the Co-Founder and President of Free Speech for People. “We urge the New York Attorney General to initiate this investigation, and we urge people across the country to join us in this campaign to hold the Trump Organization accountable under the law.”
According to Section 1101 of New York’s Business Corporation Law, the Attorney General is empowered to dissolve a corporation and revoke its charter if that corporation abuses or exceeds its legal authority. As the letter details, the Trump Organization—which is incorporated and headquartered in New York—is subject to this process due to its continued entanglement in presidential corruption and ethics violations in violation of New York public policy and the U.S. Constitution, as well as its pattern of allegedly fraudulent and illegal business activity. The Trump Organization—the nerve center for an empire of about 500 affiliated corporations and LLCs that own Trump’s empire of hotels, golf courses, and other properties—could be placed in receivership by a state judge if the Attorney General pursues an investigation into revoking the corporation’s charter.
Below is our two-part legal argument for why the Trump Organization is acting in excess and abuse of the law, and why the Attorney General should investigate revoking its charter:
More:
https://freespeechforpeople.org/free-speech-people-calls-ny-attorney-general-revoke-trump-organizations-charter/