On September 26, 2016, Trump and Clinton faced off in their first presidential debate, which was held at Hofstra University in Hempstead, New York. The second presidential debate was held at Washington University in St. Louis, Missouri. The final presidential debate was held on October 19 at the University of Nevada, Las Vegas. Trump's refusal to say whether he would accept the result of the election, regardless of the outcome, drew particular attention, with some saying it undermined democracy.
In June 2018 the New York attorney general's office filed a civil suit against the foundation, Trump himself, and his adult children, asking for $2.8 million in restitution and additional penalties. In December 2018, the foundation ceased operation and disbursed all its assets to other charities. The following November, a New York state judge ordered Trump to pay $2 million to a group of charities for misusing the foundation's funds, in part to finance his presidential campaign.
More InfoTrump has often said he began his career with "a small loan of one million dollars" from his father, and that he had to pay it back with interest. In October 2018, The New York Times reported that Trump "was a millionaire by age 8", borrowed at least $60 million from his father, largely failed to reimburse him, and had received $413 million (adjusted for inflation) from his father's business empire over his lifetime. According to the report, Trump and his family committed tax fraud, which a lawyer for Trump denied. The tax department of New York said it is "vigorously pursuing all appropriate avenues of investigation" into it. Analyses by The Economist and The Washington Post have concluded that Trump's investments underperformed the stock market. Forbes estimated in October 2018 that the value of Trump's personal brand licensing business had declined by 88% since 2015, to $3 million.
More InfoFixer Roy Cohn served as Trump's lawyer and mentor in the 1970s and 1980s, with a 13-year relationship. According to Trump, they were so close that Cohn sometimes waived fees due to their friendship. In 1973, Cohn helped Trump counter-sue the United States government for $100 million over its charges that Trump's properties had racial discriminatory practices; in 1975 an agreement was struck for Trump's properties to change their practices. It was Cohn who introduced political consultant Roger Stone to Trump, who enlisted Stone's services to deal with the federal government.
More InfoTrump's tax returns from 1985 to 1994 show net losses totaling $1.17 billion over the ten-year period, in contrast to his claims about his financial health and business abilities. The New York Times reported that "year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer," and Trump's "core business losses in 1990 and 1991 – more than $250 million each year – were more than double those of the nearest taxpayers in the I.R.S. information for those years". In 1995 his reported losses were $915.7 million.
More InfoFixer Roy Cohn served as Trump's lawyer and mentor in the 1970s and 1980s, with a 13-year relationship. According to Trump, they were so close that Cohn sometimes waived fees due to their friendship. In 1973, Cohn helped Trump counter-sue the United States government for $100 million over its charges that Trump's properties had racial discriminatory practices; in 1975 an agreement was struck for Trump's properties to change their practices. It was Cohn who introduced political consultant Roger Stone to Trump, who enlisted Stone's services to deal with the federal government.
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