NY AG: Trump can't dissolve foundation until investigation over
A spokesperson for New York Attorney General Eric Schneiderman said Saturday that President-elect Donald Trump’s charitable foundation cannot cease operations until an investigation into the organization is complete.
Trump announced earlier Saturday that he would dissolve the Donald J. Trump Foundation amid mounting scrutiny over potential conflicts of interests with his business holdings.
The foundation has been the subject of an investigation by the New York attorney general's office following reports from The Washington Post that the charity’s funds may have been used to personally benefit Trump.
"The Trump Foundation is still under investigation by this office and cannot legally dissolve until that investigation is complete,” Amy Spitalnick, a spokeswoman for Schneiderman, said in a statement to The Hill.