88m3
Fast Money & Foreign Objects
September 13, 2016, 07:05 pm
NY attorney general launches Trump Foundation inquiry: report
By Jonathan Swan
3
Getty Images
New York Attorney General Eric Schneiderman is investigating Donald Trump's foundation to see whether it's complying with the state's charity laws, according to Politico.
The Donald J. Trump Foundation is coming under increasing media pressure for misreporting a number of donations and using its money in a questionable fashion.
Schneiderman reportedly told CNN’s “The Lead” on Tuesday that his interest in Trump's foundation connects with his role "as regulator of nonprofits in New York state."
"We have been concerned that the Trump Foundation may have engaged in some impropriety from that point of view,” Schneiderman reportedly said on CNN.
“We’ve inquired into it and we’ve had correspondence with them. I didn’t make a big deal out of it or hold a press conference," he added. "We have been looking into the Trump Foundation to make sure it's complying with the laws governing charities in New York.”
Politico reported that "a source familiar with the matter" confirmed that the New York Attorney General’s office “has opened an inquiry into the Trump Foundation based on troubling transactions that have recently come to light.”
Schneiderman made an enemy of Trump when he began aggressively pursuing fraud allegations against Trump University. Yahoo News reported last week that Trump's nonprofit donated $100,000 to a conservative group that was suing Schneiderman as he was investigating the real estate education venture.
President Obama sharpened the national focus on Trump's foundation when he made a mockery of the charity in a Tuesday campaign speech on behalf of Hillary Clinton.
Obama highlighted a detail revealed in Washington Post story last week: Trump reportedly used foundation money to buy a 6-foot portrait of himself.
NY attorney general launches Trump Foundation inquiry: report
NY attorney general launches Trump Foundation inquiry: report
By Jonathan Swan
3
Getty Images
New York Attorney General Eric Schneiderman is investigating Donald Trump's foundation to see whether it's complying with the state's charity laws, according to Politico.
The Donald J. Trump Foundation is coming under increasing media pressure for misreporting a number of donations and using its money in a questionable fashion.
Schneiderman reportedly told CNN’s “The Lead” on Tuesday that his interest in Trump's foundation connects with his role "as regulator of nonprofits in New York state."
"We have been concerned that the Trump Foundation may have engaged in some impropriety from that point of view,” Schneiderman reportedly said on CNN.
“We’ve inquired into it and we’ve had correspondence with them. I didn’t make a big deal out of it or hold a press conference," he added. "We have been looking into the Trump Foundation to make sure it's complying with the laws governing charities in New York.”
Politico reported that "a source familiar with the matter" confirmed that the New York Attorney General’s office “has opened an inquiry into the Trump Foundation based on troubling transactions that have recently come to light.”
Schneiderman made an enemy of Trump when he began aggressively pursuing fraud allegations against Trump University. Yahoo News reported last week that Trump's nonprofit donated $100,000 to a conservative group that was suing Schneiderman as he was investigating the real estate education venture.
President Obama sharpened the national focus on Trump's foundation when he made a mockery of the charity in a Tuesday campaign speech on behalf of Hillary Clinton.
Obama highlighted a detail revealed in Washington Post story last week: Trump reportedly used foundation money to buy a 6-foot portrait of himself.
NY attorney general launches Trump Foundation inquiry: report
