New York AG Seeks To Dissolve Illegally Operated Donald J. Trump Foundation
The New York Attorney General has filed a lawsuit against the Donald J. Trump Foundation. The lawsuit alleges that the foundation’s board of directors has been willfully engaged in violations of state and federal law.
Among the charges, the lawsuit claims the directors engaged in “willful self-dealing transactions to benefit Mr. Trump’s personal and business interests.”
New York Attorney General Barbara D. Underwood claims that for more than a decade the foundation “operated in persistent violation of state and federal law governing New York state charities.”
Among the charges are “improper and extensive political activities.” The lawsuit also claims the foundation engaged in “willful self-dealing” and has failed to maintain even the most basic of fiduciary obligations and elementary corporate obligations required by state law.
The lawsuit aims to dissolve the foundation and ensure none of its directors can serve any not-for-profit in New York state in the future.
The lawsuit also seeks to obtain restitution and penalties for the foundation’s illegal activities.
Here’s the filing document: