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Donald Trump plans to shut down his charitable foundation which has been under scrutiny for months

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President-elect Donald Trump said he plans to shut down his charitable foundation, a decision that comes after repeated controversies over how it collected and disbursed funds.

In a statement Saturday, Trump offered no timeline for when his foundation would close down, but said he had directed his attorney to take the steps needed to close the charity. It was also not immediately clear when the foundation would be able to dissolve, given an ongoing investigation in New York.


Go go go AGSchneiderman!!!!

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Is it fair to say crickets are chirping? It has been over a day since this was posted and not one weak-sauce ya but Hillary Clinton _____________.

Me thinks the Donald that made the most of mocking the Clinton Foundation for Faux issues is on the way to being hoisted on his own petard.

Edited by ready4ONE

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Ever since a series of bankruptcies left banks unwilling to lend to him, Donald Trump has been on the lookout for partners willing to fund the buildings that bear his name.

Over the years the US presidential candidate has assembled an eclectic collection of backers and collaborators. Some had chequered pasts, with links to organised crime or fraud schemes. But perhaps the biggest risk for Mr Trumps complex, often opaque, business empire was that it might be used for a purpose US officials fear is rife in the countrys real estate sector: laundering dirty money.

A Financial Times investigation has found evidence that one Trump venture has multiple ties to an alleged international money laundering network. Title deeds, bank records and correspondence show that a Kazakh family accused of laundering hundreds of millions of stolen dollars bought luxury apartments in a Manhattan tower part-owned by Mr Trump and embarked on major business ventures with one of the tycoons partners.

Edited by Jacque67

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WASHINGTON -- Retired Lt. Gen. Michael Flynn accused presumptive Democratic presidential nominee Hillary Clinton of corruption in cahoots with Jewish people on Twitter on Sunday, in a message he promptly deleted.

The former general who GOP presidential nominee Donald Trump considered for his running mate, and who last week delivered a primetime speech to the Republican National Convention was responding to accusations by the Clinton campaign that Russia was behind a hack of the Democratic National Committee, and a subsequent leak of e-mails, in order to help Trump's candidacy.


But tires!!!!

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Back story...

Donald Trump spent more than a quarter-million dollars from his charitable foundation to settle lawsuits that involved the billionaires for-profit businesses, according to interviews and a review of legal documents.

Those cases, which together used $258,000 from Trumps charity, were among four newly documented expenditures in which Trump may have violated laws against self-dealing which prohibit nonprofit leaders from using charity money to benefit themselves or their businesses.

In one case, from 2007, Trumps Mar-a-Lago Club faced $120,000 in unpaid fines from the town of Palm Beach, Fla., resulting from a dispute over the height of a flagpole.

In a settlement, Palm Beach agreed to waive those fines if Trumps club made a $100,000 donation to a specific charity for veterans. Instead, Trump sent a check from the Donald J. Trump Foundation, a charity funded almost entirely by other peoples money, according to tax records.

The check to charity from the Trump Foundation.

In another case, court papers say one of Trumps golf courses in New York agreed to settle a lawsuit by making a donation to the plaintiffs chosen charity. A $158,000 donation was made by the Trump Foundation, according to tax records.


Meanwhile trump has been whining away that he gave millions to the DJT Foundation...

Hmm. Nothing since 2008!!!!

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