Trump Pays Up One Month After Admitting He Misused Charitable Funds for Political Gain – By Matt Naham (Law and Crime) / Dec 10 2019
One month after President Donald Trump settled a lawsuit he said he wouldn’t settle — and admitted to illicitly using his now-shuttered charity, the Donald J. Trump Foundation, to benefit his 2016 candidacy — the president has paid up.
New York Attorney General Letitia James celebrated the win in a press release on Tuesday.
“Not only has the Trump Foundation shut down for its misconduct, but the president has been forced to pay $2 million for misusing charitable funds for his own political gain,” James said. “Charities are not a means to an end, which is why these damages speak to the president’s abuse of power and represent a victory for not-for-profits that follow the law.”
“Funds have finally gone where they deserve — to eight credible charities. My office will continue to fight for accountability because no one is above the law — not a businessman, not a candidate for office, and not even the president of the United States,” she added.
The press release was not shy about repeating the stipulations of the aforementioned settlement and concomitant order to pay out the $2 million to eight charities (“Army Emergency Relief, the Children’s Aid Society, Citymeals-on-Wheels, Give an Hour, Martha’s Table, the United Negro College Fund, the United Way of National Capital Area, and the U.S. Holocaust Memorial Museum”):
Additionally, as part of the settlement, Trump was required to agree to 19 admissions, acknowledging his personal misuse of funds at the Trump Foundation, and agreed to restrictions on future charitable service and ongoing reporting to the Office of the Attorney General, in the event he creates a new charity. The settlement also included mandatory training requirements for Donald Trump Jr., Ivanka Trump, and Eric Trump, which the three children have already undergone. Finally, the settlement required the Trump Foundation to shutter its doors last December and dissolve under court supervision.
The order ended multiple pending actions in the case that was originally filed in June 2018–and also put to bed a prior statement of defiance made by the 45th president.
Continue to article: https://lawandcrime.com/high-profile/trump-pays-up-one-month-after-admitting-to-misuse-of-charitable-funds-for-political-gain/
