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Washington Post: Trump Used Non-Profit Charity To Pay Lawsuit Settlements.

Washington Post Shocker: Donald Trump Stole Money from His Non-Profit Charity to Pay Lawsuit Settlements

The Washington Post has learned that the Trump Foundation, which handles all charitable transactions and activities for Donald Trump, has admitted to breaking laws related to self-dealing on its 2015 IRS filing.

While the Post has not confirmed with the IRS that forms now available on GuideStar (which tracks the financial goings-on of non-profit organizations), they have confirmed with GuideStar that the forms in question were uploaded by the Trump Foundation legal counsel.

The Washington Post explains,

In one section of the form, the IRS asked if the Trump Foundation had transferred “income or assets to a disqualified person.” A disqualified person, in this context, might be Trump — the foundation’s president — or a member of his family or a Trump-owned business.

The foundation checked “yes.”

 

ORIGINAL STORY

The Washington Post reports that Donald Trump misused his charities by using them to resolve legal settlements. The Post claims that through a process of personal interviews and a thorough review of legal documents, they have found that the not-for-profit charities used monies to “settle lawsuits that involved the billionaire’s for-profit business.

The laws that deal with this kind of activity are called “self-dealing,” which involves a person misusing his position by way of financial transaction, acting in his own best interest rather than in the interest of the beneficiaries of the organization providing the funds. In other words, self-dealing is a conflict of interest, which is a BIG no no, exacerbated by the fact that in this situation it involves a non-profit organization.

Here are the specific cases The Washington Post reported on:

  • 2007 – a Trump Club in Palm Beach, FL was fined $120,000 over a flag-pole dispute. The case was settled – Trump agreed to make a $100,000 donation to veterans’ charities. A check was cut from the Trump Foundation (almost exclusively funded by donor monies).
  • A lawsuit brought against a Trump golf course was settled by way of donation to the charity of choice of the plaintiff, resulting in another check from the Trump Foundation, this time for $158,000.
  • 2013 – $5,000 of Trump Foundation money was used to pay for marketing for his hotel chains.
  • 2014 – $10,000 of Trump Foundation money was used to pay for the commissioning of a portrait of himself. (Years before, $20,000 was spent from the foundation to buy yet another, bigger portrait of the Donald.)

The Washington Post went on:

If the Internal Revenue Service were to find that Trump violated self-dealing rules, the agency could require him to pay penalty taxes or to reimburse the foundation for all the money it spent on his behalf. Trump is also facing scrutiny from the New York attorney general’s office, which is examining whether the foundation broke state charity laws.

More broadly, these cases­ also provide new evidence that Trump ran his charity in a way that may have violated U.S. tax law and gone against the moral conventions of philanthropy.

“I represent 700 nonprofits a year, and I’ve never encountered anything so brazen,” said Jeffrey Tenenbaum, who advises charities at the Venable law firm in Washington. After The Washington Post described the details of these Trump Foundation gifts, Tenenbaum described them 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 awhile,” Tenenbaum said.

The Post sent the Trump campaign a detailed list of questions about the four cases but received no response.

FOLKS, THIS IS NOT ONLY AGAINST THE LAW. THIS IS TRUMP BRAZENLY TAKING ADVANTAGE OF GOOD PEOPLE WHO CONTRIBUTED TO A CHARITY. SHAME ON TRUMP! NOW IT’S UP TO US TO HELP THIS SPREAD LIKE WILD-FIRE! CLICK BELOW TO SHARE THIS ON FACEBOOK!

AGR Daily News Service

The Washington Post reports that Donald Trump misused his charities by using them to resolve legal settlements. The Post claims that through a process of personal interviews and a thorough review of legal documents, they have found that the not-for-profit charities used monies to “settle lawsuits that involved the billionaire’s for-profit business.

The laws that deal with this kind of activity are called “self-dealing,” which involves a person misusing his position by way of financial transaction, acting in his own best interest rather than in the interest of the beneficiaries of the organization providing the funds. In other words, self-dealing is a conflict of interest, which is a BIG no no, exacerbated by the fact that in this situation it involves a non-profit organization.

Here are the specific cases The Washington Post reported on:

2007 – a Trump Club in Palm Beach, FL was fined $120,000 over a flag-pole dispute…

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