NY AG Labels Trump Foundation a Shell Corporation

Setting the stage for courtroom fireworks, New York Attorney General Barbara Underwood urged a federal judge to advance claims that the Trump Foundation regularly violated state and federal law.

“As the attorney general’s petition alleges, and as the evidence shows, the Trump Foundation was a shell corporation that functioned as a checkbook from which the business entity known as the Trump Organization made payments – using other people’s money, as Mr. Trump did not personally contribute to the foundation after 2008 – to charities and political committees,” Underwood wrote in a Thursday memo. “On multiple occasions, the payments were made for the personal benefit of Mr. Trump or a Trump business.”

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