Current Events > Trump manages to cough up $2M settlement over his phony foundation

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https://talkingpointsmemo.com/muckraker/trump-coughs-up-2-million-to-settle-charges-over-his-scammy-foundation

President Donald Trump complied with a court order on Tuesday and paid $2 million to settle charges that the Trump Foundation misused charitable funds.

Trump paid out the civil penalty to eight different charities as part of the resolution of a lawsuit brought by the New York State Attorney Generals office.

The state-level settlement forced the President to pay $250,000 to eight different charities, and split an additional $1.8 million remaining in the Trump Foundations bank account among the eight charities.

Charities are not a means to an end, which is why these damages speak to the presidents abuse of power and represent a victory for not-for-profits that follow the law, said New York Attorney General Letitia James.

Each charity ended up receiving $476,140.41 under the settlement. Trump was also forced to admit to misusing charitable funds as part of the settlement.

The Trump Foundation came under scrutiny by the Washington Posts David Fahrenthold, who tried to verify that the charity was making contributions. Fahrenthold who received a Pulitzer for his work instead found a lack of evidence for charitable contributions, leading to the NY AG investigation.

The Trump Foundation agreed to dissolve in December 2018, and a November 2019 court order mandated that the President pay up the additional funds.

James office holds wide authority over charities registered in New York state.

Wonder who actually paid it
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The people who actually donated paid it. I wouldn't doubt took a LOT more than $2 million from it improperly. Kinda like how he got a lot more than the $25 million he had to pay for the Trump University scam

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CableZL posted...

The people who actually donated paid it. I wouldn't doubt took a LOT more than $2 million from it improperly. Kinda like how he got a lot more than the $25 million he had to pay for the Trump University scam

This was supposed to be $2M of his own personal money. The Foundation had $1.8M left in the bank which was also to be distributed.

Given Trump's history it's highly doubtful this $2M is actually his personal money, so it had to come from somewhere or someone. The question is, what?
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I cant wait for his ruin after hes out of office.

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imagine supporting a president whos a scam artist
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Deadpool_18 posted...

I cant wait for his ruin after hes out of office.

Deadpool_18 posted...

I cant wait for his ruin after hes out of office.

You guys really think hes just gunna be broke in a few years how

He's probably using taxpayer money because he thinks the government is now his own personal bank.

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linid0t posted...

You guys really think hes just gunna be broke in a few years how

Has he released his taxes nope dude def doesnt have as much money as he wants us to believe

linid0t posted...

You guys really think hes just gunna be broke in a few years how

Once he no longer has executive protection, the State of New York among others are going to fuck him up

BLAKUboy posted...

He's using taxpayer money because he thinks the government is now his own personal bank.

trump won't reveal his taxes because he's a dodgy lil weasel. he has courts. supreme court. both will protect him through the end.
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CADE FOSTER posted...

Has he released his taxes nope dude def doesnt have as much money as he wants us to believe

I dont know I was just asking

Bio1590 posted...

This was supposed to be $2M of his own personal money. The Foundation had $1.8M left in the bank which was also to be distributed.

Given Trump's history it's highly doubtful this $2M is actually his personal money, so it had to come from somewhere or someone. The question is, what?

Probably came from 100,000 of his hard core supporters.

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