Trump’s Abuse of Trump Foundation — Criminal Tax Implications? – The Surly Subgroup

Mr. Trump has directed the Foundation to acquire 2 paintings of himself totaling $30,000, a trip to Paris for $107,000, a Tebow helmet for $12,000, and advertising for his hotels for $5,000. He has also directed the Foundation to settle two private lawsuits against his properties delivering a total of $258,000 to charities Trump himself or one of his organizations owed. He has also made personal promises to make contributions to the charities of losing celebrities on Celebrity Apprentice in order to aggrandize his private image; he used Foundation money in part to satisfy these obligations (total amount app. $200,000). Finally, he directed the Foundation to pay $25,000 to the political campaign of Pam Bondi. In total, since 2007 he has apparently directed $670,000 of the Foundation’s money to take care of what appear to be his own private needs.

Source: Trump’s Abuse of Trump Foundation — Criminal Tax Implications? – The Surly Subgroup

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