International

Judge orders President Trump to pay $2m for misuse of charity foundation

A New York judge ordered President Trump to pay $2m dollars to the charities, according to media sources Mr. Trump has misused his own charitable foundation for his political interests and campaign.

Judge Saliann Scarpulla added Trump “breached his fiduciary duty” to the Trump Foundation, the relationship with the organisation’s trustees, by allowoing and ordering his campaign staff to plan a fundraiser before the 2016 Presidential election.

Scarpulla said that the money which was collected through that event was further designed for Mr. Trump’s political campaign.

The judge also signed of on the agreement which was done between Trump’s lawyer and the New York attorney general’s office to close the Trump’s foundation and distribute the remaining fund $1.7 to other nonprofits.

According to the agreement, Trump admitted personally of misusing Trump’s Foundation funds and agreed to pay back  $11,525 in the organisation’s funds he spent on sports memorabilia and champagne at a charity gala.He also agreed upon the restrictions on his involvements in others charitable organisations.

New York Attorney General Letitia James heralded the resolution of the case as a “major victory in our efforts to protect charitable assets and hold accountable those who would abuse charities for personal gain”.

“No one is above the law – not a businessman, not a candidate for office, and not even the president of the United States,” added by James, a Democrat.

 

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker