[NPR] New York's Attorney General Sues The Trump Foundation

"Stealing money from a charity..."

 

True... this story provides great insight into trump, his organization and leadership...

 

Trump is a criminal, but Republicans are too scared to do anything.

 

Judge rejects President Trump's legal efforts to get state lawsuit against his foundation dismissed


NY State Supreme Court Justice Saliann Scarpulla refused y to dismiss the state’s lawsuit against Trump’s philanthropic foundation in a pointed rebuke of the President — who charged the case was wrongly brought by a partisan prosecutor bent on taking him down.

“I find there is no basis for finding that animus and bias were the sole motivating factors for initiating the investigation and pursuing this proceeding,” wrote Scarpulla. “For these reasons, I decline to dismiss the proceeding because of the alleged political bias of the petitioner.”

The state attorney general wants to dissolve The Donald J. Trump Foundation and collect $2.8 million in restitution from the group — money gathered at an Iowa fund-raiser to benefit U.S. veterans. The lawsuit charges Trump instead divvied up the cash among certain Arizona groups in hopes of boosting his successful 2016 presidential candidacy.

“The allegations in the petition which purport to quote Mr. Trump … show that Mr. Trump was acting in both of his capacities as campaign candidate and president of the foundation,”

“Moreover, considering the allegations of coordination between the Campaign and Foundation, as well as the control and authority that Mr. Trump and the Campaign allegedly wielded over the Foundation, the petition adequately alleges that the political acts by Mr. Trump and the Campaign are attributable to the Foundation.”


https://www.nydailynews.com/news/politics/ny-metro-trump-foundation-ruling-20181123-story.html

 

Wrong thread

 

President Donald Trump ordered to pay $2M to collection of nonprofits as part of civil lawsuit

"I direct Mr. Trump to pay the $2,000,000, which would have gone to the Foundation if it were still in existence, on a pro rata basis to the Approved Recipients," Judge Saliann Scarpulla wrote.

https://abcnews.go.com/US/president...ay-2m-collection-nonprofits/story?id=66827235

#Winning?

 

LOL... crook-in-chief

 

Illegal activities, misuse of the foundation, including for the 2016 presidential campaigns.

He cheated on 10k on a portrait of himself. Stingy.

Humm... mandatory training. How does that work now?

For those that were ready to nail Clinton for unproven illegal activities and misuse of the Clinton Foundation, I'm sure they will now at least not support Trump for the proven and admission of illegal activity and misuse of the Trump Foundation.

https://ag.ny.gov/press-release/201...ainst-donald-j-trump-trump-children-and-trump

Trump to Pay $2 Million in Damages for Illegal Activity During 2016 Election

NEW YORK – New York Attorney General Letitia James today announced that the New York Supreme Court ordered Donald J. Trump to pay $2 million in damages for improperly using charitable assets to intervene in the 2016 presidential primaries and further his own political interests. The award is part of Attorney General James’ lawsuit against the Donald J. Trump Foundation and its directors — Mr. Trump, Donald Trump Jr., Ivanka Trump, and Eric Trump.

As part of the settlement, Attorney General James also announced that her office entered into multiple stipulations with the Trump Foundation and its directors to resolve the remaining claims in the lawsuit. Chiefly, Mr. Trump admits to personally misusing funds at the Trump Foundation, and agrees to restrictions on future charitable service and ongoing reporting to the Office of the Attorney General in the event he creates a new charity. The settlements also include mandatory training requirements for Donald Trump Jr., Ivanka Trump, and Eric Trump. Finally, the settlements name the charities that will receive the remaining assets of the Trump Foundation as part of its dissolution.

“The Trump Foundation has shut down, funds that were illegally misused are being restored, the president will be subject to ongoing supervision by my office, and the Trump children had to undergo compulsory training to ensure this type of illegal activity never takes place again,” said Attorney General James. “The court’s decision, together with the settlements we negotiated, are a major victory in our efforts to protect charitable assets and hold accountable those who would abuse charities for personal gain. My office will continue to fight for accountability because no one is above the law — not a businessman, not a candidate for office, and not even the President of the United States.”

The lawsuit against the Donald J. Trump Foundation was filed in June 2018 — charging the Foundation’s directors with ignoring their oversight duties under New York’s charity laws and demonstrating how Mr. Trump repeatedly used Foundation money for his own personal, business, and political interests, including the unlawful coordination with his 2016 presidential campaign. In the first half of 2016 — at the height of the Republican primaries — Mr. Trump used Foundation money, raised from the public, to demonstrate his purported generosity and attract votes. Mr. Trump and his campaign doled out $500,000 at a campaign rally in the days leading up to the first primary election in the nation, the Iowa caucuses, then took credit for all $2.8 million in grants the Foundation made.

In her decision ordering Mr. Trump to pay $2 million, Justice Saliann Scarpulla said, “…Mr. Trump breached his fiduciary duty to the Foundation and that waste occurred to the Foundation. Mr. Trump’s fiduciary duty breaches included allowing his campaign to orchestrate the Fundraiser, allowing his campaign, instead of the Foundation, to direct distribution of the Funds, and using the Fundraiser and distribution of the Funds to further Mr. Trump’s political campaign.”

In total, the Office of the Attorney General has entered into four stipulation agreements as part of this settlement.

Last year, in December 2018, following a court decision in favor of the Attorney General’s Office, the first stipulation took effect when the Trump Foundation agreed to shutter its doors and dissolve under court supervision. In October 2019, the Office of the Attorney General entered three additional stipulations. One stipulation ensures that the Foundation’s remaining assets will go to reputable charities approved by Attorney General James and that have no connection to Mr. Trump or his family members. Another stipulation ensures that Donald Trump, Jr., Ivanka Trump, and Eric Trump received training on the duties of officers and directors of charities so that they cannot allow the illegal activity they oversaw at the Trump Foundation to take place again.

The third stipulation includes 19 paragraphs of factual admissions by Mr. Trump and the Foundation of illegal activity. Mr. Trump admitted that the Foundation’s board of directors — of which he was chair — failed to meet, failed to provide oversight over the Foundation, and failed to adopt legally required policies and procedures. He also admitted that these failures “contributed to the Foundation’s participation” in seven related party transactions described in the settlement document and in the Attorney General’s lawsuit.

Mr. Trump and the Foundation have admitted key facts about their illegal political coordination with the Trump campaign, including that a purported Foundation fundraiser in January 2016 was in fact a campaign event, and that Foundation gave the Trump campaign complete control over the timing, amounts, and recipients of the $2.8 million raised through that event. Mr. Trump further admits that he and his campaign took credit for the grants that the Foundation made with funds that had been raised from the public. Justice Scarpulla noted in her decision that “Mr. Trump’s campaign, rather than the Foundation: (1) ‘planned’ and ‘organized’ the Fundraiser; and (2) ‘directed the timing, amounts, and recipients of the Foundation’s grants to charitable organizations supporting military veterans.’”

Additionally, Mr. Trump admitted a number of key facts about the other self-dealing transactions he initiated as chair — specifically, that he used Foundation funds to settle legal obligations of companies he controlled, and that the Foundation paid for a portrait of Mr. Trump that cost $10,000. As separate piece of the settlement Donald Trump Jr. reimbursed the Foundation for the cost of the portrait. The settlement also requires the Foundation to be reimbursed $11,525 for sports paraphernalia and champagne purchased at a charity gala.

Finally, the settlement agreement imposes a regime of restrictions on any future service by Mr. Trump on a charity’s board of directors, including a total ban on any self-dealing. Any charity he joins as a director must have a majority of independent directors, must engage counsel with expertise in New York not-for-profit law, and must engage the services of an accounting firm to monitor and audit the organization’s grants and expenses. If Mr. Trump forms a new charity, such an organization must comply with these requirements, and also report to the Office of the Attorney General for five years.

The $1.78 million in assets currently being held by the Trump Foundation, along with the $2 million in damages to be paid by Mr. Trump, will be disbursed equally to eight charities: Army Emergency Relief, the Children’s Aid Society, Citymeals-on-Wheels, Give an Hour, Martha’s Table, United Negro College Fund, United Way of National Capital Area, and the U.S. Holocaust Memorial Museum. The charities — which were required as part of the resolution to be entities that did not have any relationship with Mr. Trump or entities he controlled — were approved by the Office of the Attorney General and the court.

This case was handled by Assistant Attorney General Yael Fuchs, Co-Chief of the Enforcement Section of the Charities Bureau; Assistant Attorneys General Steven Shiffman and Peggy Farber of the Charities Bureau; with assistance from Senior Counsel Matthew Colangelo and former Special Counsel Laura Wood. James Sheehan is the Chief of the Charities Bureau, and Karin Kunstler Goldman is the Deputy Chief. The Charities Bureau is a bureau of the Division of Social Justice, headed by Chief Deputy Attorney General Meghan Faux.

 

The fact that this isn't a bigger story, especially on Veteran's Weekend, shows how either how messed up this Administration is that other stories are dominating or how good it is at distraction. A President, granted for behavior before taking office, admitting to charity fraud, forced to pay $2 million and immediate family forced to attend mandated training is at the minimum very unseemly.

Again imagine how up in arms the GOP would be if this was the Clintons and Chelsea forced to attend training about foundation management.

 

FAKE NEWS

TRUMP NEVER SETTLES

 

fwiw,

citizen Trump settled

w HUD on housing discrimination practices,

w DoE on the Trump university scam​

 

He said he wouldn't settle, never settles, so you can believe your facts or you can believe what the man says. Up to you.



I mean, just look at this website, he can't make it any more clear:

 

Ignoring the fact that this is talked about in another, you updated the wrong thread but whatever

If a bank is lending on real estate an appraisal is required, this is going nowhere. How much can he misrepresent the value on a big ass officer tower, everyone has seen it

Its like the owner of the Empire State Building lying about it's value and the bank falling for it

 

you are cool with a loan based on lying about the value of the collateral?

 

I'm less cool with a stupid ass bank falling for it with grandma money in a savings account there

Trump is not a criminal just like he wasn't a Russian double agent

 

The New York attorney general's office said late Tuesday it had told a court that its investigators had uncovered evidence that President Donald Trump's company used "fraudulent or misleading" asset valuations to get loans and tax benefits.

Attorney General Letitia James' office detailed its findings in a court motion seeking to force Trump, his daughter Ivanka Trump and his son Donald Trump Jr. to comply with subpoenas seeking their testimony.

​

​

In the court documents, James' office gave its most detailed accounting yet of its investigation into allegations that Trump's company repeatedly misstated the value of assets to get favorable loan terms or slash its tax burden.

The Trump Organization, it said, had overstated the value of land donations made in New York and California on paperwork submitted to the IRS to justify several million dollars in tax deductions.

The company misreported the size of Trump's Manhattan penthouse, saying it was nearly three times its actual size - a difference in value of about $200 million, James' office said, citing deposition testimony from Trump's longtime financial chief Allen Weisselberg, who was charged last year with tax fraud in a parallel criminal investigation.​

 

Lots of people were 'less cool' with it happening. and banks failing ..AND grandma losing her savings..so much so that it became a law.

It is absolutely criminal and it's called fraud.

People go to jail over it all the time and I can provide links of examples throughout history. Long long prison terms.

Now we can argue the law and how just or not it is. You can take that beef on but good luck changing a law that doesn't protect the banks. None of this is designed for the banks to lose money you should know that.

The next thing is whether orange should be some exception and allowed to do what you and I can't?

Others jail but not orange?
Orange can get a fake loan but you and I can or cant?

I appreciate you appreciate crimes like this. It's still a crime