NY attorney general's office: Trump can't shut down foundation until probe ends

December 28, 2016 00:28

Donald Trump cannot move ahead with his plan to dismantle his charitable foundation because state prosecutors are probing whether the president-elect personally benefited from its spending, the New York attorney general's office said Tuesday.

"The Trump foundation is still under investigation by this office and cannot legally dissolve until that investigation is complete," said Amy Spitalnick, spokeswoman for state Attorney General Eric Schneiderman.

The statement came after Trump announced that he wanted to dissolve the Donald J Trump Foundation, part of what his presidential transition team says is an effort to erase any potential conflicts of interest before he takes office Jan. 20.

But the foundation's inner workings have been the subject of Schneiderman's investigation for months and could remain a thorny issue for Trumps incoming administration. Democrats nationally have said they are ready to raise any legal or ethical issues from Trump's global business empire during his presidency.

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