President-elect Donald Trump’s charitable foundation has admitted to the IRS that it violated a legal prohibition against “self-dealing,” which bars nonprofit leaders from using their charity’s money to help themselves, their businesses or their families.They're also vastly understating the value of the swag that the Foundation purchased for Trump's use:
In the new 2015 tax filing, the Trump Foundation acknowledged for the first time that it owned these items. But it listed market values far below what the foundation had paid: The helmet was valued at $475. The portrait purchased for $20,000 was valued at $700. And the portrait purchased for $10,000 was valued at $500.The "helmet" was a football helmet, signed by Tim Tebow, that they bought for twelve grand.
Trump's corruption and dishonesty goes to his bone. He's proving to be a toxic combination of Lenona Helmsley and Richard Nixon, and he hasn't even taken power. No doubt that he believes that his DoJ will happily whitewash everything. And he may be correct.
UPDATE: His son Eric's personal foundation isn't any better.