It’s now being reported that the The Donald J. Trump foundation has agreed in court documents to dissolve under judicial supervision.
BREAKING: New York attorney general says Trump Foundation “has signed a stipulation agreeing to dissolve under judicial supervision, with review and approval by the attorney general of proposed recipient charities of the foundation’s remaining assets.” https://t.co/kdrUxk2XiK— NBC News (@NBCNews) December 18, 2018
Here’s more from the Attorney General of NY:
Today, Attorney General Barbara D. Underwood announced that – following a court decision in favor of the Attorney General – the Trump Foundation has signed a stipulation agreeing to dissolve under judicial supervision, with review and approval by the Attorney General of proposed recipient charities of the Foundation’s remaining assets.
This stipulation follows the court decision last month allowing Attorney General Underwood’s lawsuit against the Trump Foundation to move forward.
Attorney General Underwood’s lawsuit sought the dissolution of the Foundation under judicial supervision and with the oversight of the Attorney General’s Charities Bureau. The lawsuit – which also seeks millions in restitution and penalties and a bar on President Trump and his three eldest children from serving on the boards of other New York charities – remains ongoing.
The NY AG says “a shocking pattern of illegality involving the Trump Foundation – including unlawful coordination with the Trump presidential campaign, repeated and willful self-dealing, and much more.”
While the lawsuit is ongoing, the agreed dissolution by the Trump foundation would suggest that they can’t defend their behavior.
Now do the Clinton Foundation.