December 18, 2018

Trump Foundation agrees to dissolve in deal with New York attorney general


President Donald Trump's charity will shut down with its remaining assets distributed to other not-for-profit organizations as part of an agreement filed Tuesday by New York Attorney General Barbara Underwood.

The Trump foundation agreed to dissolve in a deal with the New York Attorney general's office that was signed Dec/11/2018/
The agreement was signed Dec. 11 by attorneys for the Trump Foundation and the Attorney General's Office. It is awaiting a state judge's approval. 
It comes after  Underwood filed a lawsuit against Trump in June accusing him of illegally use of the charity to boost his presidential campaign in 2016.


An attorney for the Trump Foundation could not immediately be reached for comment Tuesday morning. 
 The Underwood vowed to continue with the lawsuit despite the charity dissolving.

"We'll keep on pushing our suit ahead to guarantee that the Trump Foundation and its executives are considered responsible for their clear and repeated violations of state and federal law," she said in a statement.

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