From the Liveblog of
Tuesday, December 27, 2016
NY AG says Trump can’t dissolve foundation during probe
The New York State attorney general’s office says Donald Trump must freeze his plan to dismantle his charitable foundation because state prosecutors are probing whether the president-elect personally benefited from its spending.
A spokeswoman for Attorney General Eric Schneiderman says in a statement Tuesday that the Donald J. Trump Foundation is still under investigation “and cannot legally dissolve until that investigation is complete.”
The statement came after Trump announced he wanted to dissolve the charitable organization in what his presidential transition team says is an effort to erase any potential conflicts of interest before he takes office January 20.
But the foundation’s inner workings have been the subject of Schneiderman’s investigation for months and could remain a thorny issue for Trump’s incoming administration.
— AP
The Times of Israel Community.