Trump admits misused of charity fund

Trump admits misused of charity fund

WASHINGTON: US President Donald Trump admitted to personally misusing funds from his charity foundation for political and personal gains.

According to Daily Mail, Trump admission was made as part of the settlement of a civil lawsuit filed against him by the Attorney General last year.

Trump also agreed to restrict his involvement in other charity groups and admitted he and his foundation engaged in ‘illegal political coordination with the Trump campaign’ during the 2016 presidential election.

“Trump also admitted to personally misused funds at the Trump Foundation, and agreed to restrictions on future charitable service and will report to the Office of the Attorney General in the event he creates a new charity.  

“The US president also admitted that he used foundation funds to settle legal obligations of companies he controlled and that the Foundation paid for a portrait of Mr. Trump that cost US$10,000.” said the Office of the Attorney General.

In 2014, Trump bought a four-foot-tall portrait of himself at a fundraising auction and paid for it with funds from his charity.

The lawsuit filed by the Attorney General last year alleged that Trump and his three eldest children – Don Jr., Ivanka and Eric – used the Donald J. Trump Foundation for political and personal gain.

The four were accused of violating federal and state campaign finance laws and abusing the foundation’s tax-exempt status.  

Daily Mail

Tags assigned to this article:
misuse fundTrump