Trump Foundation ceases operations

The President of the United States Donald Trump closed the charitable fund.The Trump Foundation will be dissolved and its remaining assets transferred to other organizations. 

The President of the United States Donald Trump has decided to close its charitable Foundation “Trump Foundation”, against which, in the summer, New York State Attorney General Barbara Underwood filed a lawsuit, according to Reuters. 

“This is an important victory for the rule of law, which clearly indicates that there is the same set of rules for everyone,” she said. 

According to Underwood, the Trump Foundation “has demonstrated a shocking pattern of lawlessness,” including improper coordination with Trump’s election campaign, repeated and deliberate use of his position for selfish purposes, and more. She called the Fund “a checkbook serving Trump’s business and political interests.” 

The Fund will be dissolved and the remaining assets transferred to other organizations. At the same time, the Prosecutor General will seek from the Trump Foundation fines and compensation for millions of losses. 

In the US, investigating funding for the inauguration of Trump media 

Earlier it was reported that in the United States check all the organizations, funds and structures, which in the last decade led Trump.

Tom Tompson

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