(CNN) Trump for America, Inc., a New Jersey-based organization that raised millions of dollars to support Donald Trump's 2016 presidential transition, will cease to exist and pay a fine after it allegedly failed to register as a charitable organization and later didn't comply with a subpoena, according to the state's attorney general's office. New Jersey Attorney General Gurbir Grewal and the state's Division of Consumer Affairs said Trump for America, Inc. agreed to pay a $30,000 civil penalty, but $27,500 of the penalty would be suspended, meaning that amount will be waived if the organization complies with all of the terms of the agreement after a year. The entity will also cease to exist, according to Grewal's office. Trump for America, Inc. is registered in New Jersey as a 501(c)4 social welfare organization, and was originally called the Trump Transition Project when it was incorporated in New Jersey in June 2016, where it raised "significant" contributions from residents to help finance and assist Trump in the presidential transition process. Kory Langhofer, an attorney representing Trump For America, Inc., told CNN that the entity had plans to dissolve long before this agreement.

Source: CNN July 15, 2020 19:52 UTC