'Isn't this a ridiculous shame?': Trump says 'wrong answer' after son Eric suspends charitable foundation for potential conflicts of interest

U.S. President-elect Donald Trump's son Eric Trump is suspending the operations of his charitable foundation over concerns donors could be seen as buying access to the Trump family, the Washington Post reported on Thursday.

"No new money will come into the ETF bank account," Eric Trump wrote in an email message on Thursday, according to the Post, in reference to the Eric Trump Foundation.

Eric Trump faced criticism for an online auction sponsored by his foundation offering the highest bidder a chance to have coffee with his sister Ivanka.

The New York Times reported that bids had risen to more than $72,000, and that the top bidders were people seeking to influence Trump's policymaking.

The foundation, which gives most of the money it raises to St. Jude Children's Research Hospital in Memphis, Tennessee, canceled the auction on Friday.

President-elect Trump said in a series of tweets Friday morning that the decision to close to foundation was the "wrong answer":

Eric Trump told the Times on Wednesday he had decided to stop directly soliciting contributions to the foundation because he now recognized donors could be seeking access to his father.

"As unfortunate as it is, I understand the quagmire," Trump told the Times. "You do a good thing that backfires."

Eric Trump and his brother Donald Jr. also came under fire this week for their role in a post-inauguration charity event that offered a private reception with President Donald Trump in exchange for a $1 million donation.

The brothers were listed on a draft invitation as honorary co-chairmen of the fundraiser for conservation charities, dubbed "Opening Day," set to be held in Washington the day after the Jan. 20 inauguration. The invitation was first reported by TMZ.com last week.

On Tuesday, the Trump transition team said Donald Trump Jr. and Eric Trump were not involved with the fundraiser and a subsequent invitation dropped references to donors meeting with any members of the Trump family.

(Writing by Eric Beech; Editing by Andrew Hay)