Facing mounting scrutiny of his entangled finances, Donald Trump is now shutting down his charitable foundation entirely. The Trump Foundation had been under intense legal scrutiny from the Attorney General of New York, who had previously ordered it stop fundraising after a number of violations were uncovered. Trump’s decision to now shutter the foundation entirely suggests that he’s feeling the pressure as he faces the increasingly harsh “president-elect” spotlight.
Facing what the New York Times is referring to as “crippling questions” over conflicts of interest between his personal finances and the burdens of occupying the Oval Office, Donald Trump is now giving up on his charity entirely. But it was earlier exposed that the Trump Foundation wasn’t a legitimate charity to begin with, having made virtually no charitable contributions over the past seven years, according to the Washington Post.
And there were other Trump Foundation scandals, such as the time Donald Trump used the charity’s money to buy a six foot tall painting of himself.
But Trump’s decision to shut down his charity now suggests that he is indeed feeling pressure to close off his personal finances before he can take office. And with Democratic leaders like Elizabeth Warren now threatening to nail Trump and his administration on financial violations, it’s noteworthy that Trump appears to be trying to seal things off already.
Bill Palmer is the publisher of the political news outlet Palmer Report