Eric Trump Foundation Told Donors Money Went To Kids W/ Cancer, Then Gave To Different Causes

[riversedge]

Eric Trump Foundation Told Donors Money Went To Kids With Cancer, Then Gave To Different Causes

https://www.forbes.com/sites/danalexander/2017/06/29/eric-trump-foundation-told-donors-money-went-to-kids-with-cancer-then-gave-to-different-causes/#4f253e8aa16f



Jun 29, 2017 @ 12:18 PM 77,187


Forbes Staff

I write about Donald Trump and the people around him.



Dressed in a pinstriped suit and blue tie, with New York’s Plaza Hotel framed over his left shoulder and Central Park over his right, the president’s son Eric Trump touts his charity’s 2014 golf invitational in a Trump Organization video. “It’s really kind of the pinnacle for the Eric Trump Foundation,” he says. “We just raised an inordinate amount of money, and it all obviously goes to the children of St. Jude.”

The charity did in fact raise a serious amount of money at the golf event that year, some $1.8 million, according to federal tax filings, while maintaining an impressive expense ratio of just 14%. But not all of the money went to St. Jude Children’s Research Hospital, ....................

............................................But in light of the charity’s public statements, nonprofit legal experts say any donations that did not go to St. Jude are likely to catch the eye of New York Attorney General Eric Schneiderman. His office announced that it was launching an inquiry into the Eric Trump Foundation earlier this month, after Forbes revealed practices that appeared to violate state laws and federal tax rules. The attorney general, a Democrat who has publicly opposed the president’s policies, is also investigating the Donald J. Trump Foundation.

“If you are raising money for X, and you give it to Y, that is fraud, even if Y is a charity,” says James Fishman, a former assistant attorney general for the state of New York who now teaches at Pace University’s law school. “If I’m writing a check for somebody, and you give it to somebody else, I mean that is fraudulent.”..........................................


....................A close review of Eric Trump Foundation tax filings raises more questions. According to the documents, all revenue flowing into the Eric Trump Foundation from 2008 to 2014 came from the annual golf invitational. The charity helped to organize other events, like a walk across the Brooklyn Bridge. But money from those events was sent directly to St. Jude without going through the financial statements of the Eric Trump Foundation, according to a 2015 state filing...................




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[avebury]

1. If it can be proven then it is fraud and should

be prosecuted as such.

[MFM008]

2. The maggots

Don't fall fall far from the rot.