NY's AG has called for a $5,600,000 fine against the Trump Foundation for allegedly spending charity money on Trump’s personal, business and campaign costs. The penalty would be in addition to $2,800,000 in restitution for misuse of charity funds.
.6 million fine against the Trump Foundation for allegedly spending tax-free charity money on Donald Trump’s personal, business and campaign costs.
Trump, daughter Ivanka and sons Eric and Donald Jr. agreed to dissolve the controversial foundation late last year after the attorney general’s office filed suit against the charity. The Trumps also granted the AG’s office oversight of disbursement of the remaining $1.7 million in charity funds. “In this vacuum of oversight and diligence, Mr. Trump caused the foundation to enter repeatedly into self-dealing transactions and to coordinate unlawfully with his presidential campaign,” James said.
According to the lawsuit, among several examples of illegal use of charity funds by Trump was a $100,000 payment to settle legal claims for an 80-foot flagpole at Mar-a-Lago. Trump reportedly spent $10,000 in charity funds on a 6-foot portrait of himself that he hung at his golf resort in Doral, Florida. The charity also paid a $25,000 contribution in 2013 to help to re-elect Florida Attorney General Pam Bondi, who later decided against filing a lawsuit for fraud against Trump University.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The $5 trillion global insurance industry's natural disaster problemHow will insurance companies remain profitable in an era of climate change?
Leer más »
Giants QB Manning receives $5 million roster bonusEli Manning has a lot more green in his pocket this St. Patrick's Day.
Leer más »
Giants quarterback Manning receives $5 million roster bonusEli Manning has a lot more green in his pocket this St. Patrick's Day.
Leer más »
Softbank and an automaker are in 'late stage talks' to pump $1 billion into Uber's self-driving car group ahead of the big IPOThe cash infusion from Softbank would value Uber's self driving car group at $5 billion to $10 billion, according to the Wall Street Journal.
Leer más »
I toured a new 92-story luxury tower in NYC's Hudson Yards, where condos start at $5 million — and it was clearly designed to be so much more than just a residential buildingIn addition to condos starting at $5 mil., 35 Hudson Yards will include a 60,000-square-foot Equinox Fitness Club and Spa and the first Equinox hotel.
Leer más »
Here's the pitch deck this 29-year-old Russian-born VC used to convince investors to contribute millions to her fundDay One now has over 15 investors, or limited partners (LPs), and that the average amount each contributes is between $1 million and $5 million.
Leer más »
Burger King is selling a month of coffee for just $5 — the price of a large cappuccino at StarbucksBurger King has a new deal that allows customers to order a month of coffee for $5.
Leer más »
Korean pop music can dance past boy-band bluesA prostitution scandal rocked hit group Big Bang and sparked a stock selloff for agencies in the $5 bln industry. It's a reminder of how tricky star-driven investments can be. As streaming services like Spotify help export K-pop, though, the companies can hit high notes again.
Leer más »