NEW: Filing by NY AG against Trump Foundation (Trump family)
The Petition filed in this case demonstrates that respondent Donald J. Trump used his control over the Donald J. Trump Foundation for his benefit to advance his personal, business,
and political interests in violation of federal and state law governing charities. He breached his fiduciary duties by engaging in political activity in violation of state and federal law, failing to comply with basic governance rules required by New York law, and directing numerous unlawful diversions and distributions of charitable assets committed to his charge. His children, who were nominally the other directors of the Foundation, ignored their responsibilities. Those responsibilities include such basic actions as holding regular meetings to discuss Foundation business, overseeing the Foundation’s finances, implementing conflict of interest policies, and, most importantly, upholding the fundamental principle that the charitable assets under their care are not to be used for personal benefit.