President Donald Trump has been ordered by a New York State judge to pay $2 million to a group of nonprofit organizations as part of a settlement in a civil lawsuit stemming from persistent violations of state charities laws.
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The two million must be paid by President Trump himself for breaching his fiduciary duty to properly oversee the foundation that bears his name.
The foundation has already agreed to cease operations and must pay the two million to a consortium of nonprofit organizations.
Trump Organization attorney, Alan Futerfas told the court Trump only donated to start the bidding, but when no one else would bid, the Donald J. Trump Foundation was stuck with the painting.
When the lawsuit was filed in June 2018, President Trump attacked it and claimed the lawsuit was politically motivated. »