Charitable Foundation , Trump Foundation will be dissolved. This decision came after President against trump and his children were charged with illegal use of funds of the organization.
The news came from the lips while still attorney General of new York Barbara underwood, which will control the distribution of the remaining funds. She stressed that a charitable organization functioned «as a checkbook, serving business and political interests trump».
The underwood stated that the case against the American leader and his children — Ivanka, Eric and Donald Jr.- will continue. They could face millions in fines and penalties for their sponsorship of election campaign trump, abuse of authority and not only that, says the attorney General.
In accordance with the terms of the transaction on closing, the Fund may be liquidated only under judicial supervision and the right to distribute its assets only «authoritative organizations», approved by the Prosecutor’s office.
«This is an important victory for the rule of law, which makes clear that for all there is one set of rules,» said underwood.
Recall, Leticia James, elected in November, the new attorney General of new York, vowed after taking office to check thoroughly the business of trump, while paying special attention to the Trump Foundation.
The lawyer of the Fund Alan Futerfas signatories to the deal closing Fund, told the BBC that the Fund sought to the dissolution and distribution of remaining assets for charitable purposes until trump won the presidential elections of 2016.
«Inaccurate statement NYAG (the Prosecutor General’s office of new York — approx. USA.one) this morning — another attempt to politicize the issue — said Futerfas. — Unfortunately, the NYAG sought to prevent the dissolution for almost two years, thus depriving those most in need, nearly $1.7 million».
