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December 19, 2018

Trump Foundation to Dissolve over "Willful Self-Dealing Transactions"
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President Trump's charitable foundation will be dissolved under court
supervision, under an agreement reached Tuesday with New York state's
attorney general, who says the Trump family used the charity as a
virtual piggy bank for self-dealing. Prosecutors said the Donald J.
Trump Foundation gave little or no money to charity and instead served
to advance Donald Trump's business and political ambitions-including
illegal coordination with Trump's 2016 campaign. The charity was also
used to settle lawsuits against Trump family businesses and even to
purchase a $10,000 portrait of Donald Trump hung at one of Trump's golf
resorts. Among those who gave money to the Trump Foundation were
pro-wrestling moguls Vince and Linda Mc Mahon, who became the charity's
biggest contributor with $5 million in donations. Trump later named
Linda Mc Mahon as head of the Small Business Administration. Tuesday's
settlement includes a 10-year ban on Donald Trump running a nonprofit
organization; his three oldest children will each be barred from working
for any charity for one year.


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