New York state, amid investigation, bars Donald Trump from shutting down Trump Foundation
Earlier today Donald Trump announced that he was pointed out at the time, Trump appeared to be attempting to shutter the foundation before its years of scandalous activities could be used against him. But as it turns out, Trump is legally barred from shutting it down because it’s currently under investigation.
The official word came from New York Attorney General Eric Schneiderman, whose office has informed the Boston Globe and Washington Post that it will not allow Trump to simply slam the door shut: “The Trump Foundation is still under investigation by this office and cannot legally dissolve until that investigation is complete.”
The investigation by the state of New York, where the Trump Foundation operates out of, is based on a myriad of suspicious and illegal activities. The charity has done virtually no charitable work since 2009, even as Donald Trump illegally used its remaining funds to purchase personal items such as a painting of himself.
It would be difficult and unlikely for federal law enforcement and regulatory agencies to investigate Donald Trump’s various past and present shady and illegal financial dealings after he takes office, as the heads of those agencies will answers directly to him. However, there will be little to prevent individual states from continuing to investigate him and attempt to expose his financial corruption. Based on Schneiderman’s swift response today, it appears Trump’s own home state of New York could lead the charge in undoing him.
Bill Palmer is the publisher of the political news outlet Palmer Report