NY AG Says Trump Foundation Signs Stipulation to Dissolve

[swag]

Source: Bloomberg

New York Attorney General Barbara Underwood says the Trump Foundation has signed a stipulation agreeing to dissolve under judicial supervision, according to a statement, Bloomberg News reports.

Read more: https://www.bloomberg.com/news/articles/2018-12-18/ny-ag-says-trump-foundation-signs-stipulation-to-dissolve-jptxpkcw

[herding cats]

1. WaPo article

President Trump has agreed to shut down his embattled personal charity amid allegations that he used it for his personal and political benefit and give away its remaining funds, the New York attorney general announced Tuesday.

New York Attorney General Barbara Underwood announced that the Donald J. Trump Foundation is dissolving as her office pursues its lawsuit against the charity, Trump and his three eldest children.

The attorney general’s suit, filed in June, alleged “persistently illegal conduct” at the charity and sought to have the foundation shut down. Underwood is continuing to seek more than $2.8 million in restitution and has asked a judge to ban the Trumps temporarily from serving on the boards of other New York nonprofits.

Underwood said Tuesday that her investigation found “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.”

https://www.washingtonpost.com/politics/trump-agrees-to-shut-down-his-charity-amid-allegations-he-used-it-for-personal-and-political-benefit/2018/12/18/dd3f5030-021b-11e9-9122-82e98f91ee6f_story.html?utm_term=.eece14059c71

[NewJeffCT]

5. It's not a charity

it's a personal slush fund for Donny

[herding cats]

11. Yep, that's exactly right.

[forgotmylogin]

23. This and more should have been done before he assumed office.

Remember Carter's peanut farm?

[NewJeffCT]

24. A lot of these things were "expected"

and enforced by long-standing norms. Trump didn't care about norms and has no shame, so couldn't be shamed into it.

We need to pass laws:
1) Before entering a campaign, a candidate must reveal last 10 years of tax returns
2) Must undergo an FBI background check
3) Any business interests must either be sold off or put into the hands of a neutral blind trust. Investments must go into a blind trust.

And, have real penalties for each - not allowed to run if #1 and #2 are not met in full.

Not sure about a divestment penalty? Maybe if you don't, business holdings and investments are handed to a judge to put into a blind trust, minus 10% for expenses?

[forgotmylogin]

28. I'm also for a health and drug screening for Presidential candidates.

Not specifically to bust them if they take drugs, but the people deserve to know if their future leader who might be interacting with other countries is taking any significant mood-altering substances or medications that would signal potential psychological problems or impulse control issues.

[turbinetree]

3. LOCK THEM UP................................

“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.


AGAIN LOCK THEM UP...........................Knowing and committing a, Crime, is still a CRIME.....................


Nonmember 3, 2020 cannot get here fast enough.................

[KPN]

8. THIS!!!!!

[Equinox Moon]

4. Hmmm...I seem to remember trump critizing Clinton's foundation as corrupt.

Guess what donald, it turned out to be yours!!!
What a jerk!!!

[Hugin]

6. Here I was thinking the so-called foundation had been dissolved months and maybe a year ago.

I remember clearly reading about it at the time.

I'm not surprised it was a lie... And, I won't be surprised to find this announcement of it's closure is a lie, too.

[NCjack]

20. I recall that Trump Foundation CEO try to dissolve it about a year ago,

but NYAG stopped it until law enforcement could give it a through investigation. The NYAG appears ready to kill the foundation and proceed against the Trumps.

[KPN]

7. This is just another form of bankruptcy for the

conman living illegitimately in our White House. For him it’s all about making deals to circumnavigate penalties of the law. Restore the “Rule of Law” my ass.

[PeeJ52]

9. So that's it for the rich and powerful???

Oh geesh... you caught us being criminals. OK... we'll stop now. We'll keep the millions that we swindled from the poor suckers that gave to us or we cheated from paying taxes. Thanks for letting us go scott free. Now go arrest those poor people and put them in jail. WTF is wrong with this country? Why is it punishment enough just to embarrass the rich that they get caught ripping off the public. LOCK THEM UP!!! ENOUGH OF THIS SEPARATE JUSTICE FOR ALL!!! JEEBUS!!!

[chowder66]

15. And this is why Trump will NEVER stop breaking the law. He just buys his way out and starts over

with a new ILLEGAL money scheme. He starts something profitable illegally, gets busted, pays his bill and goes on to the next money producing scheme.
It never ends and will not until they lock the asshole up or he dies..... but his family while carry on doing the same.

[Retrograde]

27. And because it's worked in the past

New York/New Jersey/Wherever didn't prosecute Trump's businesses for their illegal activities in the past, so he's learned that he can get away with pretty much anything if he blusters enough and throws enough lawyers with threatening letters at his opponents. From what little I've seen, if someone has the resources to stand their ground Trump caves.

I think it's almost too late to do much about Trump himself, given his age and presumed health. But there's no reason not to make his family (and I'm including Mel) adhere to the law.

[Marcuse]

10. And don't be so gentle when placing them in the squad car.

[machoneman]

12. I wonder, when all is said and done, how many millions will the Feds, NYS and other law enforcement.

...agencies seize from Trump's many organizations let alone his and his kids bank accounts?

I mean, if Manafort alone gave up what, $50,000,000, how many bucks can we get from Trump?

$100 million? $200 million? All of it?

I like the last one...take every single dollar!

[watoos]

22. The money in his foundation was all donated.

I don't think any of the money was his. Nice little money laundering setup.

[louis c]

13. Is there an admission of guilt?

[mpcamb]

29. Don't proceed till there is one!

[ffr]

14. Whoa! K&R

[Enoki33]

16. Worth repeating: When it all comes out the immense depth , length and

reach of their vast criminal activity is going to be mind boggling.

[ffr]

17. +1

[3Hotdogs]

18. How da fuck is he gonna be able to buy any more paintings of himself?

[Bengus81]

19. Pfffttt....so Trumps hands over $1.7M and walks away

Where's all the other countless millions that SHAM raised?? Well....there's a Boeing 757 parked out on the tarmac for starters.

[SunSeeker]

21. Everything that Trump touches dies. nt

[Democrats_win]

25. What an f'in joke!

Throw the A.G. in jail too along with Donnie Dolittle.

No consequences for this fraud! If he was black he'd get life in prison. Time to throw out the whole damn mess.

Mademoiselle guillotine awaits them all.

[benld74]

26. AG has all it needs

At State level

[MiddleClass]

31. I remember Trump announcing the shutdown of the charity last year, and the AG saying, wait a god dam

wait a minute we got to collect evidence of this fraud. Sounds like they have enough, the future holds something about this.

I do not think this is the last of it, just the end of evidence collection.

[riversedge]

30. " agreeing to dissolve under judicial supervision," The Court will be watching the Trumps!!

No hanky panky. love it.

[Talitha]

32. There's something I don't understand about this Foundation thing...

Why would anyone give money to dirty donnie, instead of donating it directly to a charity?

(thanks in advance! )