Trump Foundation admits to violating ban on self-dealing, new filing to IRS shows
Source: The Washington Post
By David A. Fahrenthold November 22 at 10:20 AM
President-elect Donald Trumps charitable foundation has admitted to the IRS that it violated a legal prohibition against self-dealing, which bars nonprofit leaders from using their charitys money to help themselves, their businesses or their families.
That admission was contained in the Donald J. Trump Foundations IRS tax filings for 2015, which were recently posted online at the nonprofit-tracking site GuideStar. A GuideStar spokesman said the forms were uploaded by the Trump Foundations law firm, Morgan, Lewis and Bockius.
The Post could not immediately confirm if the same forms had actually been sent to the IRS.
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 foundations president or a member of his family, or a Trump-owned business. The foundation checked yes.
-snip-
Read more: https://www.washingtonpost.com/politics/trump-foundation-apparently-admits-to-violating-ban-on-self-dealing-new-filing-to-irs-shows/2016/11/22/893f6508-b0a9-11e6-8616-52b15787add0_story.html?wpisrc=al_alert-COMBO-politics%252Bnation
Botany
(70,581 posts)Lock him up.
The Clinton Foundation is an A+ rated charity one which none of the Clintons made one dime
from but the Trump Foundation which was used to pay bribes and pay for Trumps own spending.
safeinOhio
(32,715 posts)Hey, that rhymes
progressoid
(49,999 posts)I'll not hold my breath for that.
wordpix
(18,652 posts)the pundits (led by one of my faves, Ari Melbar) held that he will keep pushing the envelope doing whatever he wants unless/until someone (US) stops him, possibly through impeachment proceedings, and then we'll have a Const. crisis.
Issue is that we now have a repuke Congress and possibly a repuke SCOTUS upcoming. Will Congress impeach him? Maybe some mod repugs getting together with Dems? STay tuned
spooky3
(34,476 posts)greymattermom
(5,754 posts)because he gets to pick the Attorney General and the next group of federal judges.
bettyellen
(47,209 posts)Judicial appointments of the next lower level. They're stacking the courts too.
Yo_Mama_Been_Loggin
(108,192 posts)BTW what's wrong with the search function on DU? I was about to post the same article after a search said it had not yet been posted.
Yonnie3
(17,483 posts)The advanced search seems to work.
yallerdawg
(16,104 posts)It has actually admitted illegal activity.
But no. Where's the political motivation to "investigate"?
Maeve
(42,288 posts)KewlKat
(5,624 posts)like property is only worth a million for "property taxes, etc" but when seeking loans, it's worth 100 million.
I hate that he gets away with all this disception and cheats us, the american taxpayers.
bpositive
(423 posts)Teflon Don
Nothing will stick at this point. The republicans have the power and will do nothing to undermine that even if it means keeping a useful idiot in the Whitehouse.
Unless... he starts picking on republicans.
KewlKat
(5,624 posts)It's just that he has so many, it's hard to keep up.
KewlKat
(5,624 posts)The reason for the extension -
"Certain information needed for the proper completion of this return is currently unavailable."
pretty vague justification, but that's how he is.
Fla Dem
(23,741 posts)lark
(23,155 posts)Anyone else doing what he's done would be spending decades in jail, however he's rich, so just says he'll pay large fines, settles but rarely ever pays us or does what he said he would do. He's a monster who's out to destroy us and repugs will do nothing but help him.
Initech
(100,102 posts)That to me seems like the ultimate end game. He'd be invincible if he could do that.
lark
(23,155 posts)I really think he ran to enrich himself and his cronies and take all the money ala the bush depression. Also think he's got a deal with Russia to enrich himself by fucking over the world and handing it to Russia in gift wrapped box. Don't think he will pardon himself, that would almost be sane. Think he will try to have some judges removed and create a constitutional crisis and declare the government has been replaced by him as lifetime dictator. Of course, he could just have Congress make new laws saying his actions aren't criminal. Or he could just be assured repugs will do nothing at all to him and he can rape and pillage all he wants as long as he signs every bill they send him? Sad, scary times!
cstanleytech
(26,319 posts)kebob
(499 posts)+another violation of the law.