Trump Foundation Ordered to Stop Fundraising by New York’s AG
Monday afternoon, the Attorney General of New York, Eric Schneiderman announced that the Trump Foundation, the charitable arm of Donald Trump’s Enterprises must cease and desist any type of fundraising in New York. The statement from the A.G’s office said that “ Donald J. Trump Foundation to “immediately cease soliciting contributions” due to the charity lacking the proper authorization to seek public donations.
“The Attorney General’s office is the sole regulator of charities in New York State, and when evidence of clear misconduct is brought to our attention, we take action,” a spokesman for the attorney general’s office said in a statement. The Attorney General’s office issued a “notice of violation” after determining the foundation had no proper registration. The notice directs the Trump foundation to “immediately cease soliciting contributions or engaging in other fundraising activities in New York”. The foundation has relied on donations from others since 2008, records show.
According to the letter from the Attorney General’s office, if the Trump Foundation fails to cease fundraising and submit the necessary paperwork “shall be deemed to be a continuing fraud upon the people of the state of New York,” according to the official letter the state sent to the nonprofit. In New York, any charity that solicits more than $25,000 a year must have annual audits from independent accountants. When a charity does not register with the state charities bureau, there is no oversight which is what the Trump Foundation is accused of doing.
The Trump Foundation tweeted that they will cooperate fully with the investigation but do question the motive behind the Attorney General Schneiderman ’s investigation but due to the investigation being a legal matter they will not comment further at this time. In previous comments on the investigation the Trump campaign has called the Attorney General “a partisan hack.”
The news of the investigation into Trump Foundation’s legality, comes on the heels of what many are calling the worse week in the year and half long campaign for the GOP nominee. The New York Times released a copy of the 1995 federal tax sheet for Donald Trump which showed the candidate took a loss of almost $1 billion dollars which could have excluded him from paying federal taxes for a decade or more. Trump has not responded to the Times article suggestion that he has not paid federal taxes. Trump is the first candidate since 1976 not to release his tax returns.