Did the Trump Foundation close down to settle a lawsuit by New York State charging illegal activity?
Sunday, July 19, 2020
By Allegra Taylor
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YES
In 2018, New York State sued President Trump, three of his children and his private charitable foundation, accusing them of misusing Foundation funds for personal, business and political interests including his 2016 presidential campaign. To settle the suit, Trump agreed to limitations on future charitable work and to pay $2 million in damages to be donated to other charities, along with $1.4 million still held by the Trump Foundation.
The settlement included "19 paragraphs of factual admissions by Mr. Trump and the Foundation of illegal activity," according to the New York Attorney General.
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