BREAKING: Embattled Trump Foundation forced to dissolve itself under court supervision

ABCNews.GO.com:

President Trump’s embattled charitable foundation has agreed to dissolve itself under judicial supervision as part of a lawsuit brought by New York Attorney General Barbara Underwood.

The Trump Foundation had previously sought to dissolve on its own terms but has now signed a stipulation that requires it to do so with monitoring by the court and oversight by the attorney general’s office, which must review and approve disbursements of remaining funds to make sure the recipients are legitimate.

The article goes on to state the following:

“Today’s stipulation accomplishes a key piece of the relief sought in our lawsuit earlier this year,” said New York Attorney General Barbara Underwood in a statement. “Under the terms, the Trump Foundation can only dissolve under judicial supervision – and it can only distribute its remaining charitable assets to reputable organizations approved by my office.”

To get more information about this article, please visit ABCNews.GO.com. To weigh in, leave a comment below.

The post BREAKING: Embattled Trump Foundation forced to dissolve itself under court supervision appeared first on DML News.

Visit the USSA News store!
Click this link for the original source of this article.
Author: Team DML


This content is courtesy of, and owned and copyrighted by, https://dmlnews.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact the USSANews.com administrator by using the contact form located in the top-left menu. Your request will be immediately honored. Please visit https://dmlnews.com for more terrific, conservative content. The owner of this website may be paid to recommend American Bullion. The content of this website, including the positive review of American Bullion, the negative review of its competitors, and any other information may not be independent or neutral.

USSANews.com USSANews.com