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Settlement for Trump’s sham charity shows ‘astounding lack of trust’ in his honesty: tax law professor

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President Donald Trump on Thursday agreed to fork over $2 million as a part of a settlement with the New York Attorney General’s office for misusing money donated to his own charitable foundation.

In addition to paying $2 million, the president also had to admit that he misused foundation funds to fund his own presidential campaign, pay off his businesses’ legal expenses, and to buy a $10,000 portrait of himself that wound up being displayed at one of his Florida hotels.

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Philip Hackney, a former IRS lawyer who teaches tax law at the University of Pittsburgh School of Law, has gone over some more details of the settlement and has found that it places a surprising amount of restrictions on Trump in the future should he decide to open another charitable foundation in the future.

As the Washington Post reports, any future Trump charitable endeavors must include a majority of board members who have no relationship with the president and must regularly submit to audits.

Hackney tells the Post that these restrictions offer a damning comment on Trump’s overall moral character.

“That’s a pretty significant statement about a lack of trust of the president’s capabilities,” he said. “It’s truly astounding.”

The Donald J. Trump Foundation formally shut down late last year under an agreement with the New York Attorney General’s office.

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2020 Election

Trump accuses Democrats of ‘trying to steal an election’ with mail-in voting during the COVID-19 pandemic

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President Donald Trump accused Democrats of conspiring to steal an election at a hastily arranged news conference held at Trump National Golf Club Bedminster.

And angry Trump lashed out at Democrats for seeking to allow voting by mail in the November election.

Here's some of what people were saying about Trump's press conference, where he questioned if Democrats love America:

https://twitter.com/jeffmason1/status/1292196974746370055

https://twitter.com/margarettalev/status/1292197337465597957

https://twitter.com/ToluseO/status/1292197677984354306

https://twitter.com/vmsalama/status/1292197526960054273

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Pelosi blasts Trump as ‘not a well person’ and wonders if GOP is motivated by a ‘manhood thing’: report

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House Speaker Nancy Pelosi (D-CA) briefed members of the Democratic Caucus on Saturday about the state of negotiations over the next coronavirus stimulus bill.

Luke Broadwater, a congressional correspondent for The New York Times, posted a thread about the call on Twitter, citing "sources on call."

House Majority Leader Steny Hoyer (D-MD) was also on the call, and reportedly blasted White House chief of staff Mark Meadows for the failure to reach a deal.

“Meadows, when John Boehner and Paul Ryan was Speaker, impeded every agreement they tried to make with us on must-pass legislation," Hoyer reported said.

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Democratic pressure on intel agencies exposed a motherlode of information on foreign meddling helping Trump: report

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On Saturday, Politico reported that congressional Democrats believe their pressure campaign on the intelligence community was crucial to exposing Russia's newest plot to interfere with U.S. elections on behalf of President Donald Trump.

"For weeks, top Democratic lawmakers in the House and Senate have been blaring warnings and demanding briefings and public disclosures from the intelligence community, shrugging off Republican charges that they’re politicizing intelligence," reported Andrew Desiderio and Kyle Cheney. "And Democrats can now point to evidence that their pressure campaign might be working. On Friday, the Trump administration’s counterintelligence chief publicly confirmed that Russia is attempting to harm Joe Biden’s candidacy in 2020. The official, William Evanina, even singled out a pro-Russia Ukrainian, Andrii Derkach, as a key participant in the Kremlin’s new effort."

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