Court Greenlights Lawsuit Alleging Trump’s Inaugural Committee Funneled Money to His Personal Businesses – By Jerry Lambe (Law and Crime) / Sept 10 2020
A judge in Washington, D.C. on Wednesday rejected a bid to dismiss a lawsuit filed against Donald Trump’s Presidential Inaugural Committee (PIC). The lawsuit claims that the Committee and the Trump Organization abused non-profit funds to enrich the president’s family.
The complaint, filed by D.C. Attorney General Karl A. Racine (D) in January, alleged that the non-profit PIC violated the law by wasting approximately $1 million of charitable funds in overpayment for the use of event space at the president’s D.C. hotel.
“The Trump Entities, for-profit companies that conduct business with an aim toward maximizing revenue, were aware at their highest levels of the PIC’s nonprofit status,” Racine’s office claimed. “Nonetheless they entered into this private inurement transaction with the PIC, charging the nonprofit rates not only above market for the use of event space, but also well above the Trump Hotel’s own pricing guidelines. The Trump Entities even insisted the PIC pay these exorbitant rates in full when the Hotel could not provide the full event space on at least one day. In doing so, the Trump Entities contributed to waste and unconscionably benefited from nonprofit funds required to be used for the public good.”
The PIC raised a record $107 million to host events celebrating the inauguration of President Trump.
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