New York Attorney General Launches Investigation Into Trump Foundation
New York Attorney General Eric Schneiderman just announced that his office has launched an investigation into Donald Trump’s charitable foundation “to make sure it’s complying with the laws governing charities in New York,” reported CNN.
The inquiry comes in the wake of numerous media reports that Trump spent money from his charity, The Donald J. Trump Foundation, on himself, used it to recycle others’ contributions to make them appear to have come from him and hasn’t given to the foundation since 2008.
The revelation about the Trump Foundation comes in the wake of numerous media reports that raised questions about whether the foundation’s operational and funding structures complied with tax laws governing nonprofits.
In another article, The Post had reported that the recipients of five charitable contributions listed by the Trump Foundation had no record of receiving those donations. But the newspaper updated its report after CNN questioned the accuracy of three of the five donations it had cited.
Last week, Political Dig reported that Trump paid a fine of $2,500 after the Internal Revenue Service determined that he made an illegal contribution to a group backing Florida Attorney General Pam Bondi. The $25,000 donation to And Justice For All, a pro-Bondi political action committee, violated the foundation’s tax exempt regulations.
According to CNN, Schneiderman is also leading a case against Trump and his associates over Trump University, the Republican presidential nominee’s now-shuttered seminar program. The attorney general launched his case against Trump University in 2013 and has called the Trump U program “a fraud from beginning to end.”
Speaking on CNN Tuesday, Schneiderman said his office has been “looking into [the Trump Foundation], and we’ve had correspondence with them. I didn’t make a big deal out of it or hold a press conference.”
Trump has refused to answer questions about his namesake foundation, which has not received any money from Trump since 2008. Instead, the nonprofit giving outfit has been funded with money from people and businesses with close ties to Trump, according to The Huffington Post.