New York Authorities Orders Trump's Foundation to Stop Fund Raising
New York's attorney general has ordered Donald Trump's foundation to immediately stop making funds and raising money due to foundation registration issues.
Trump's foundation has been sent with a "Notice of Violation" from New York Attorney General Eric Schneiderman. Thereby instructing the Trump Foundation to stop soliciting contributions or engaging in any fundraising activity in New York immediately. Besides the practical impact, the violation is a public relations blow to Trump, whose foundation has come under intense scrutiny during his presidential bid.
In a report from Josh Gerstein reports, this Trump's foundation has become a major political negativity for Trump, following reports it sent an illegal $250,000 donation to a Florida political group. More so, spent funds on unusual items, such as portraits of Trump. The notice gave the Trump Foundation an ultimatum of 15 days to file the appropriate paperwork under state law to avoid possible termination and closure.
On the other side, for Trump, the cease-and-desist order was the latest in a series of blows that has sent his campaign reeling. In addition thereto, the New York businessman and his people had a long weekend giving statements against claims that he may not have paid U.S. federal income taxes for almost 20 years of his business..
New York Attorney General Eric Schneiderman's office said that the foundation was violating a state law requiring charitable organizations to solicit outside donations to register with the office's Charities Bureau.
"The failure immediately to discontinue solicitation and to file information and reports required under Article 7-A with the Charities Bureau shall be deemed to be a continuing fraud upon the people of the state of New York," written in the Notice and letter released on Friday.
This scrutiny of the Trump Foundation lead also that the Republican candidate was dealing with massive and pours of bad news. This includes his unsteady performance in the first debate against rival Clinton last Sept. 26. There is also these issue released by the New York Times of tax records that showed Trump taking an almost $1 billion loss in 1995 which is said an enough reason for him not to pay federal income taxes.
"While we remain very concerned about the political motives behind AG Schneiderman's investigation, the Trump Foundation nevertheless intends to cooperate fully with the investigation," exclaimed Trump campaign spokeswoman Hope Hicks.
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