Trump Foundation to shut down amid lawsuit against the charity

Donald Trump awards a $100,000 check to a veterans charity in Sioux City Iowa during a 2016 event. His use of the Trump Foundation during the campaign raised legal questions about its activities

The lawsuit against Mr Trump and the three children remains ongoing.

Lawyers for the foundation said any infractions were minor.

This is just one of several legal cases now swirling around Mr Trump and his family.

"[Underwood] secure [d] a stipulation dissolving the Trump Foundation under judicial supervision, [with Attorney General] review to ensure charitable [money] goes to reputable [organizations]", she wrote.

In a statement commenting on the agreement, Underwood didn't hold back when describing the Trump Foundation and her work against it.

The foundation lawsuit follows years of scrutiny of Trump's charitable activities and adds to his extensive legal challenges, amid a continuing investigation by special counsel Robert Mueller.

The lawsuit against the Donald J. Trump Foundation also seeks to recoup $2.8 million and ban Trump and his three eldest children from leadership roles in any other NY charity.

Futerfas said that the attorney general's office was giving a misleading account of what led to the charity's dissolution in a "further attempt to politicize this matter" and that the state's resistance was "depriving those most in need of almost $1.7 million". The other portrait, purchased with $10,000 in foundation money in 2014, is now worth $500, the filing states.

According to the order, the Trump Foundation will have 30 days to find suitable charitable organizations to receive its extant funds.

As part of the fallout from a scandal that has forced Donald Trump to shut down his embattled personal charity and to give away its remaining money, the president is being sacked of a signed Tim Tebow football helmet. Underwood's lawsuit against Trump and his three oldest children for violating state charity law will move forward.

The contribution came shortly after NY launched an investigation into Trump University, the controversial Trump real estate training program with significant Florida ties.

How did this come about?

The agreement, which must be approved by a NY state judge, would give state Attorney General Barbara Underwood the power to vet the charities that receive the foundation's remaining assets.

"Shady Eric was head of New Yorkers for Clinton, and refused to even look at the corrupt Clinton Foundation", Trump continued. Foundation officials first announced their intention to shut down more than a year ago.

What are the specific allegations?

He blasted former New York Attorney General Eric Schneiderman, who initiated the investigation, as a "sleazebag".

Mr Trump, who has not contributed any personal funds to the foundation since 2008, was the sole signatory on the foundation's bank accounts and approved all of its grants.

Trump had given about $5.5 million to his foundation through 2015; his last gift was $35,000 in 2008.

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