Saturday, September 24, 2016

Trump Used Big Money From His Charity To Settle Legal Woes

Republican presidential nominee Donald Trump used over a quarter-million dollars from his eponymous charitable organization to settle lawsuits against his for-profit business interests, according to reports.
Such action violates self-dealing laws, which bar business leaders from using charitable funds to benefit their commercial activity, reports David Fahrenthold at The Washington Post.
Trump paid out settlement fees beginning in 2007 for various claims brought against his clubs and properties around the country, according to the report. The first documented instance came when the town of Palm Beach, Fla. assessed over $120,000 in fines against him for erecting a flagpole at his Mar-a-Lago club. The size of the flagpole violated town ordinances. Trump lawyers argued in federal court that a smaller flagpole “would fail to appropriately express the magnitude of Donald J. Trump’s … patriotism.”
Trump settled with the town, agreeing to donate $100,000 to a charity for veterans. He made two donations; one for $100,000 to Fisher House, which runs a network of homes providing lodging and care to military personnel receiving medical treatment, and $25,000 to the American Veterans Disabled for Life Memorial. A copy of the Fisher House check obtained by the Post indicates it was issued from the Donald J. Trump Foundation.
Read the rest of the story HERE and follow a link to a related story below:

Trump May Have Used His Foundation For 'Self-Dealing'

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