Trump ordered to pay $2M in Trump Foundation settlement, admits misuse of funds

The New York Attorney General's office announced Thursday that a judge has ordered President Trump to pay $2 million in damages for improper use of funds at the Trump Foundation in connection with the 2016 presidential primaries and his own political purposes, as part of a lawsuit Trump and the foundation settled with state Attorney General Letitia James.

James' office had requested $2.8 million in restitution and a $5.6 million penalty, but Judge Saliann Scarpulla decided $2 million was a more reasonable restitution amount and declined to issue a penalty.

As part of the settlement, Trump admitted to misusing Trump Foundation funds and agreed to limitations placed on future charitable work. If he chooses to start a new charitable organization, he would have to report it to the state attorney general's office, according to an announcement from James' office.