Donald Trump's announcement that he will shutting down his charitable foundation in an effort to avoid conflict of interest laws is being met with push-back from New York's Attorney General who reminded the president-elect that he and it are still under investigation.
Trump's sudden conversion to ethics-in-government gospel might be credible if the Trump Foundation were not under investigation by New York State Attorney General Eric Schneiderman, who ordered a halt to fundraising in October after confirming it had never registered to solicit money in New York.
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President-elect Donald Trump said Saturday he will dissolve the Trump Foundation, the charitable foundation in his name, as part of efforts to untangle himself of conflicts of interest in the weeks before he is sworn into office. The charity has admitted that it violated IRS regulations barring it from using its money or assets to benefit Mr Trump, his family, his companies or substantial contributors to the foundation.
"I gave millions of dollars to DJT Foundation, raised or recieved (sic) millions more, ALL of which is given to charity, and media won't report!"
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After a brief Christmas Day break, President-elect Donald Trump re-emerged on Twitter, his pulpit of choice, mixing self-promotion, vague suggestions about foreign policy and questionable statements about his charitable foundation in a storm of post-holiday tweets. Trump used his foundation's money to buy a six-foot-tall portrait of himself for $20,000, and had earlier bought another portrait for $10,000, the Post's reporting showed. Trump paid a $2,500 penalty for spending philanthropic funds on politics. "And we have been concerned that the Trump Foundation may have engaged in some impropriety from that point of view".
That gift was made as Bondi's office was considering whether to investigate fraud allegations against Trump University. Trump announced this weekend that the move to close the Donald J. The incoming president also happens to be a 70-year-old billionaire-two demographics not used to being told what to do and that they have to entirely change the way they've been doing things for decades. Leading recipients of the foundation were Comic Relief, Inc. of New York City, Caring for Military Families of Washington, D.C., and Marine Corps - Law Enforcement Foundation of Tuckahoe, N.Y. with each receiving $100,000. But with less than a month to go and still no officially-announced plan, there is no room for stubbornly clinging onto what he's always done as a businessman, because he is no longer a businessman. The foundation can not legally dissolve while it is being investigated, according to the Attorney General's office. "The Trump team did not respond to ABC News" requests for comment when news of The Washington Post story broke, but released a statement after the Post's story at the time, saying it was "peppered with inaccuracies and omissions". Instead of reaching into his personal piggybank, Trump settled the lawsuit using his foundation's money.
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Throughout the campaign, Trump took sharp aim at his opponent Hillary Clinton's own family foundation, claiming it was a pay-to-play vehicle for the Democratic nominee and her husband, former President Bill Clinton.