Trump Foundation Can't Be Dismantled While It's Under Investigation, Says New York AG

President-elect Donald Trump will be legally barred from fulfilling his promise to dissolve the Trump Foundation before he takes office in January because the charity is still under investigation, said a spokesperson for New York Attorney General Eric Schneiderman Tuesday.

Trump vowed Saturday that the foundation would be shuttered as part of a supposed effort to disentangle himself from his many conflicts of interest.

The New York attorney general’s office countered that statement on Tuesday, reported the Associated Press. “The Trump foundation is still under investigation by this office and cannot legally dissolve until that investigation is complete,” said Amy Spitalnick, spokeswoman for Schneiderman.

Since late September, when Washington Post reporting sparked Schneiderman’s investigation into the foundation’s potentially illegal activity, the charity has been the site of one of many legal battles facing the incoming Trump administration.

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AP describes the allegedly fraudulent use of Trump Foundation funds, which included using charitable donations to settle lawsuits and to purchase a painting of Trump:

The attorney general’s office had ordered Trump to stop raising money through his charity in October, after Schneiderman opened the investigation, when it emerged that the charity had failed to register with the state and to disclose annual financial reports, both of which are legally required in New York.

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