NEW YORK: AG Eric Schneiderman Opens Investigation Into Trump Foundation’s “Troubling Transactions”

Politico reports:

New York Attorney General Eric Schneiderman has opened an investigation into the Donald J. Trump Foundation “to make sure it’s complying with the laws governing charities in New York,” he said Tuesday. A source familiar with the matter confirmed Schneiderman’s remark and said the New York Attorney General’s office “has opened an inquiry into the Trump Foundation based on troubling transactions that have recently come to light.”

Schneiderman — who for months has tangled with Trump over a fraud lawsuit his office filed against Trump University, the Manhattan billionaire’s real estate seminar program — told CNN’s “The Lead” that the GOP nominee’s charitable foundation is also under scrutiny.

“My interest in this issue really is in my capacity as regulator of non-profits in New York state. And we have been concerned that the Trump Foundation may have engaged in some impropriety from that point of view,” Schneiderman told host Jake Tapper. “And we’ve inquired into it and we’ve had correspondence with them. I didn’t make a big deal out of it or hold a press conference. We have been looking into the Trump Foundation to make sure it’s complying with the laws governing charities in New York.”