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Politics

Trump Foundation ordered to stop fundraising in NY

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Opening sequence

Politics

Trump Foundation ordered to stop fundraising in NY

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COMING UP:Trump Foundation ordered to stop fundraising in NY

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Transcript

00:00:00
>> Follow the money.>> After months of attacking Hillary Clinton over her family's foundation, Donald Trump hit with charity trouble of his own. New York Attorney General Eric Schneiderman on Monday ordering the Trump Foundation to stop taking donations immediately because it's violating state law. Reuters' correspondent Emily Flitter who covers the Trump campaign, explains.
00:00:22
>> This is more than just a simple filing problem that the AG's office is pointing out. And it's less than a criminal case or even a civil case brought by the AG. It's somewhere in the middle. The Trump Foundation didn't have the proper certification to raise money in New York.
00:00:43
This is an actual reprimand in that there was clear evidence of wrong doing brought to the AG's attention and this is their first step in trying to get the charity, the Trump Foundation, to stop what they are doing.>> According to DC in DC's letter, the Trump Foundation did not register under Article 7A of New York Law, which is required for charities raising more than $25,000 a year from the public.
00:01:11
Trump's charity took in more than that amount. Schneiderman made a democrat announce the investigation into the charity last month but this is not the first time the states top prosecutor has gone after Trump in the middle of his presidential campaign.>> Eric Schneiderman is a known quantity to Trump because he has gone after the New York businessmen in other areas of his business.
00:01:36
Most notably, he sued Donald Trump for Trump's creation of Trump University, which he says is a fraudulent enterprise that was designed just to take people's money. Trump says that it was a legitimate school where people could learn about real estate.>> Trump campaign spokeswoman, Hope Hicks, saying in a statement, quote, while we remain very concerned about the political motives behind AG Schneiderman's investigation, the Trump Foundation nevertheless intends to cooperate fully.
00:02:06
The reprimanding exacerbating and already frustrating week for Trump. Just the day before the New York Times published tax records showing Trump may have avoided paying federal income tax for up to 18 years.