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End NY fundraising, Trump foundation told | End NY fundraising, Trump foundation told |
(about 3 hours later) | |
Donald Trump's charitable foundation has been ordered by New York's attorney general to stop fundraising. | |
Prosecutors issued a "notice of violation" after determining the foundation had no proper registration. | Prosecutors issued a "notice of violation" after determining the foundation had no proper registration. |
The notice directs the Trump foundation to "immediately cease soliciting contributions or engaging in other fundraising activities in New York". | The notice directs the Trump foundation to "immediately cease soliciting contributions or engaging in other fundraising activities in New York". |
Meanwhile, Mr Trump defended his tax practices after a report found he had not paid taxes in nearly two decades. | |
The New York Times disclosed a portion of Mr Trump's 1995 tax returns on Sunday, showing that he declared losses approaching $1bn that year, which would have allowed him to legally avoid paying income tax for as many as 18 years. | |
The Republican presidential nominee has not denied the bombshell report, but instead told a rally of supporters in Colorado that he "brilliantly" navigated the complicated US tax code. | |
"I understand the tax laws better than almost anyone," he said, adding that as a real estate developer and businessman, he had "legally used the tax laws to my benefit and and to the benefit of my company". | |
He reiterated his stance that his business acumen makes him uniquely qualified to reform the tax code. | |
Mr Trump declined to comment on his foundation's alleged violations. | |
James Sheehan, head of the attorney general's charities bureau, sent the letter to the foundation on Friday, according to a copy provided by press office of state Attorney General Eric Schneiderman. | James Sheehan, head of the attorney general's charities bureau, sent the letter to the foundation on Friday, according to a copy provided by press office of state Attorney General Eric Schneiderman. |
Why the US vice-presidential debate matters | |
Hillary's campaign and Bill's women | Hillary's campaign and Bill's women |
Your daily US election digest | Your daily US election digest |
What's the deal with the Trump Foundation? | What's the deal with the Trump Foundation? |
The foundation had neglected to register under article 7A of New York's Executive Law, which is required for any charity soliciting more than $25,000 (£19,440) a year. | The foundation had neglected to register under article 7A of New York's Executive Law, which is required for any charity soliciting more than $25,000 (£19,440) a year. |
The foundation has relied on donations from others since 2008, records show. | |
'Continuing fraud' | 'Continuing fraud' |
"While we remain very concerned about the political motives behind AG Schneiderman's investigation, the Trump Foundation nevertheless intends to co-operate fully with the investigation," Hope Hicks, Mr Trump's spokeswoman, said in a statement. | "While we remain very concerned about the political motives behind AG Schneiderman's investigation, the Trump Foundation nevertheless intends to co-operate fully with the investigation," Hope Hicks, Mr Trump's spokeswoman, said in a statement. |
"Because this is an ongoing legal matter, the Trump Foundation will not comment further at this time." | "Because this is an ongoing legal matter, the Trump Foundation will not comment further at this time." |
When Mr Schneiderman's office revealed last month that it was investigating the foundation, the Trump campaign called him "a partisan hack." | When Mr Schneiderman's office revealed last month that it was investigating the foundation, the Trump campaign called him "a partisan hack." |
The Democratic prosecutor has endorsed Mr Trump's opponent, Hillary Clinton, for president. | The Democratic prosecutor has endorsed Mr Trump's opponent, Hillary Clinton, for president. |
Mrs Clinton used the latest revelations to lambast her opponent on Monday, telling supporters in Toledo, Ohio: "While millions of American families - including mine and yours - were working hard paying our fair share, it seems he was contributing nothing. | |
"Trump represents the same rigged system that he claims he's going to change." | |
The former secretary of state also released a new campaign video on Monday, calling Mr Trump "a business failure who has gotten rich at your expense". | |
Mr Schneiderman has been looking into the foundation following Washington Post reports that the charity's spending personally benefited the candidate. | Mr Schneiderman has been looking into the foundation following Washington Post reports that the charity's spending personally benefited the candidate. |
Friday's letter directed the foundation to provide the legal documents required of charities that solicit donations from the public, including audited financial statements and annual financial reports, within 15 days. | Friday's letter directed the foundation to provide the legal documents required of charities that solicit donations from the public, including audited financial statements and annual financial reports, within 15 days. |
"The failure immediately to discontinue solicitation and to file information and reports" with the charities bureaus "shall be deemed a continuing fraud upon the people of the state of New York", Mr Sheehan wrote. | "The failure immediately to discontinue solicitation and to file information and reports" with the charities bureaus "shall be deemed a continuing fraud upon the people of the state of New York", Mr Sheehan wrote. |
Mr Schneiderman's office has reportedly been investigating the Donald J Trump Foundation since at least June when it formally questioned a 2013 donation to a group backing Republican Florida Attorney General Pam Bondi. | Mr Schneiderman's office has reportedly been investigating the Donald J Trump Foundation since at least June when it formally questioned a 2013 donation to a group backing Republican Florida Attorney General Pam Bondi. |
The $25,000 payment came at a time when Mrs Bondi's office was reportedly considering whether to open a fraud investigation into Trump University. | The $25,000 payment came at a time when Mrs Bondi's office was reportedly considering whether to open a fraud investigation into Trump University. |
The fraud investigation never happened, though Mrs Bondi denies the decision was influenced by the donation she received. | The fraud investigation never happened, though Mrs Bondi denies the decision was influenced by the donation she received. |
The Washington Post also reported this month that Mr Trump used more than $250,000 of foundation money to settle lawsuits that involved his businesses. | The Washington Post also reported this month that Mr Trump used more than $250,000 of foundation money to settle lawsuits that involved his businesses. |