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Once billed as the charitable arm of the president’s financial empire, the Trump Foundation closed its doors in December, six months after the New York attorney general’s office sued it for acting “as little more than a checkbook to serve Mr. Trump’s business and political interests.” The suit said the foundation engaged in “a shocking pattern of illegality” that included improperly coordinating with Trump’s 2016 presidential campaign.
In the ruling Wednesday, Justice Saliann Scarpulla found that Trump had “breached his fiduciary duty” by using the foundation to further his political career.
The attorney general’s office had asked Scarpulla to ban Trump from ever running a charity again. Though she did not impose the ban, she did place numerous restrictions on Trump should he seek to open another charitable organization.
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