Old Rocks
Diamond Member
The Washington Post's David Fahrenthold on Tuesday published a series of stunning revelations about Donald Trump's charitable foundation, reporting that Trump used foundation money to finance various legal fees.
Trump had not made a single donation to his charity since 2008, and used money from others in such instances, the Post found.
The cases, which together used $258,000 from the Trump Foundation, may have violated "self-dealing" laws that prohibit nonprofit leaders from using charity money for self benefit or the benefit of their for-profit businesses, according to the Post.
"I represent 700 nonprofits a year, and I've never encountered anything so brazen," Jeffrey Tenenbaum, who advises charities at the Venable law firm in Washington, told the Post, later describing the details as "really shocking."
"If he's using other people's money — run through his foundation — to satisfy his personal obligations, then that's about as blatant an example of self-dealing [as] I've seen in a while," he continued.
Trump could be found in violation of self-dealing rules from the Internal Revenue Service, according to the Post, which could require him to pay penalties or reimburse the foundation's money. He is also facing scrutiny from the New York attorney general's office, which could find him in violation of the state's charity laws.
'I've never encountered anything so brazen': Report details 'shocking' new revelations about Trump Foundation
Between this and Trump University, Trump may find himself not worrying about losing the election after 8Nov16.
Trump had not made a single donation to his charity since 2008, and used money from others in such instances, the Post found.
The cases, which together used $258,000 from the Trump Foundation, may have violated "self-dealing" laws that prohibit nonprofit leaders from using charity money for self benefit or the benefit of their for-profit businesses, according to the Post.
"I represent 700 nonprofits a year, and I've never encountered anything so brazen," Jeffrey Tenenbaum, who advises charities at the Venable law firm in Washington, told the Post, later describing the details as "really shocking."
"If he's using other people's money — run through his foundation — to satisfy his personal obligations, then that's about as blatant an example of self-dealing [as] I've seen in a while," he continued.
Trump could be found in violation of self-dealing rules from the Internal Revenue Service, according to the Post, which could require him to pay penalties or reimburse the foundation's money. He is also facing scrutiny from the New York attorney general's office, which could find him in violation of the state's charity laws.
'I've never encountered anything so brazen': Report details 'shocking' new revelations about Trump Foundation
Between this and Trump University, Trump may find himself not worrying about losing the election after 8Nov16.
