President Donald Trump ordered to pay $2M to collection of nonprofits as part of civil lawsuit

President Donald Trump has been ordered by a New York State judge to pay $2 million to a group of nonprofit organizations as part of a settlement in a civil lawsuit stemming from persistent violations of state charities laws.

The payment is the final resolution to a case brought by the New York attorney general’s office after the Trump Foundation held a fundraiser for military veterans during the 2016 campaign.

The televised fundraiser took in nearly $3 million in donations that were dispersed on the eve of the Iowa caucuses as directed by then-campaign chief Corey Lewandowski.

Source: ABC News

Leave a Reply

%d bloggers like this:
A DAILY ROUNDUP OF THE MOST FASCINATING WALL ST, COMPLIANCE AND REGULATORY NEWS.