NY Judge rules TRUMP has to pay $2M penalty for $2.8M donation to vets

The TRUMP Foundation was forced to dissolve and TRUMP is ordered to pay a $2 Million penalty because his campaign did that fundraiser for vets during the 2016 Iowa caucus.

But here's the craziest thing - THEY ADMIT THAT THE FOUNDATION GAVE $2.8 MILLION TO VETS!! But Trump still has to pay $2M penalty because of process violations. This is just unbelievable!
LINK

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NEW YORK (Reuters) - A New York state judge on Thursday ordered U.S. President Donald Trump to pay $2 million for misusing his namesake charitable foundation, resulting in funds being used to advance his 2016 presidential campaign.

Justice Saliann Scarpulla, of the state Supreme Court in Manhattan, directed the payment to eight non-profits, in connection with a lawsuit by the state’s attorney general against the president and three of his adult children over the now-dissolved Donald J. Trump Foundation.

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James said Trump admitted to “personally misusing funds at the Trump Foundation,” which agreed last December to dissolve, and accepted limits on his activities if he created a new charity. James also said Trump’s children Donald Jr., Eric and Ivanka agreed to “mandatory training” on the duties of charity officials.

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Underwood had filed suit after a 21-month probe that she said uncovered “extensive unlawful political coordination” between the Trump Foundation and Trump’s campaign. The lawsuit sought to recoup $2.82 million donated to the foundation in a 2016 Iowa fundraiser for military veterans, but which Underwood said Trump allowed his campaign to control.

Scarpulla agreed with the attorney general’s office that Trump had breached his fiduciary duty to the foundation.

“Mr. Trump’s fiduciary duty breaches included allowing his campaign to orchestrate the fundraiser, allowing his campaign, instead of the Foundation, to direct distribution of the funds, and using the fundraiser and distribution of the funds to further Mr. Trump’s political campaign,” she wrote.

The judge said that because the money ultimately went to support veterans, Trump should pay just $2 million, without interest, rather than the entire $2.82 million. She rejected James’ request for punitive damages, citing Trump’s agreement to take steps to avoid a recurrence.

The $2 million is expected to go to Army Emergency Relief, the Children’s Aid Society, City Meals-on-Wheels, Give an Hour, Martha’s Table, the United Negro College Fund, the United Way of the National Capital Area and the United States Holocaust Memorial Museum.

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