NY attorney general is investigating Trump Foundation practices

Donald Trump has been catching heat for lawsuits against him and Trump University, a real estate seminar business he created in 2005. The company, which promised to teach students the mogul's investing techniques to get rich on real estate, is now defunct. But civil lawsuits against it and against the GOP frontrunner himself are very much alive.

Donald Trump has been catching heat for lawsuits against him and Trump University, a real estate seminar business he created in 2005. The company, which promised to teach students the mogul's investing techniques to get rich on real estate, is now defunct. But civil lawsuits against it and against the GOP frontrunner himself are very much alive.

WASHINGTON — New York Attorney General Eric Schneiderman’s office is investigating Donald Trump’s charitable foundation “to make sure it’s complying with the laws governing charities in New York,” he said Tuesday.

“We’ve inquired into it,” Schneiderman told CNN’s Jake Tapper on “The Lead.” “We’ve had correspondence with them. I didn’t make a big deal out of it or hold a press conference. But we have been looking into the Trump Foundation to make sure it’s complying with the laws governing charities in New York.”

The inquiry comes amid a series of reports by The Washington Post that Trump spent money from his charity, The Donald J. Trump Foundation, on himself, used it to recycle others’ contributions to make them appear to have come from him and hasn’t given to the foundation since 2008.

“My interest in this issue really is in my capacity as regulator of non-profits in New York state, and we have been concerned that the Trump Foundation may have engaged in some impropriety from that point of view,” Schneiderman said.

The Trump campaign declined to comment on the inquiry.

A source familiar with Schneiderman’s actions said the New York attorney general’s office is conducting “an inquiry into the Trump Foundation about troubling transactions that we’ve seen.”

Schneiderman has already sued Trump University, and on Tuesday called it a “scheme to fleece thousands of people all over America out of millions of dollars.”

The IRS fined the Trump Foundation $2,500 earlier this month for making a $25,000 political donation to the campaign of Florida Attorney General Pam Bondi in 2013. At the time, Bondi’s office was reviewing allegations into Trump University and considering opening an investigation.

A formal investigation was never opened, and Trump and Bondi have both said there was no wrongdoing and said the donation was not tied to any favors.

Democrats on the House Judiciary Committee Tuesday sent a letter asking Attorney General Loretta Lynch to open an investigation into the Trump donation to Bondi.

 

By Eric Bradner