(AP file picture)President Donald Trump's charitable foundation reached a deal Tuesday to dissolve while Trump fights allegations he misused assets for business and political purposes. New York's attorney general and Trump Foundation lawyers filed a joint stipulation in a court laying out a process for shutting down the charity and distributing its remaining assets to other nonprofit groups. Attorney General Barbara Underwood alleged in a lawsuit last spring that Trump had illegally operated the foundation as an extension of his businesses and his White House campaign. That lawsuit will continue, with Underwood seeking $2.8 million in restitution and a 10-year ban on Trump and his three eldest children running any charities. "We'll continue to move our suit forward to ensure that the Trump Foundation and its directors are held to account for their clear and repeated violations of state and federal law."

Source: The Telegraph December 18, 2018 17:15 UTC