Study looks at nonprofit groups with millionaire CEOs

NY POST ^ | 10/14/13 | Jeane MacIntosh

[Liz]

CEOs are on an elite list of 11 tax-exempt charity chiefs who command a staggering seven-figure salary, according to the 2013 “Charity CEO Compensation Study,” which analyzed the 2011 IRS returns of 3,929 US-based charities that rely on public support.Charity Navigator noted that the country’s highest-paid CEOs oversee multi-million dollar operations, with the largest nonprofits having expenses of more than $13.5 million. But it termed some of the salaries “excessive” and “outrageously high.”

Dr. Richard Haass of the Council on Foreign Relations, pulled in nearly $900,000, including a $362,748 base salary, plus $225,000 in bonuses and incentives and $303,206 in “other” compensation.....Haass is the highest-paid CEO in Charity Navigator’s “international” charitable mission category, where US median pay was $120,000 in that period.

[Liz]

The IRS has targeted Tax-exempt foundations as the locus classicus for tax fraud and money laundering. The biggest foundation fraud is one foundation writing a check to another foundation----the way they siphon off and launder tax-free money for themselves.

[Liz]

LOOKY HERE Billy Boy Clinton was grinning like a simpering fool at the annual meeting of the Clinton Global Initiative Foundation....notwithstanding the bombshell news that Clinton had employed a Muzzie terrorist....and the Clinton Foundations were outed for shady dealings. Read on.

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THE CLINTON FOUNDATIONS / MUSLIM TERRORISM CONNECTION --- The recent story that a Muslim terrorist was working at the Clinton Foundation AND conducting terrorist activities at the same time, explains why the Clintons just remade themselves into the hallowed "Clinton Family Foundation."

The "Holy Family."

The Clintons' 24/7 self-promotion--a familiar do-good liberal schtick: whining about "helping" the needy, and hoping to make a buck on it.

The Clintons' shady proclivities are unveiled in the recent NYT story. Corruption, greed, entitlement, nepotism, cronyism. The Clintons didn't have a pot to *** in in Arkansas---never even had a home to call their own. Now they're multi millionaires.......the connivers have perfected the scam WRT gaming the govt system for themselves.

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There needs to be a thorough going-over of the three Clinton Foundations. We need to know who pays/funds the Clinton's lifestyle/political ambitions---- especially b/c Hillary is running for prez. It is important to know to whom the Clinton's are truly indebted.

NY POST EXCERPT ----The Bill Clinton Foundation has spent more than $50 million on travel expenses — Bill Clinton’s foundation has spent more than $50 million on travel expenses since 2003, an analysis of the nonprofit’s tax forms reveal.....includes $4.2 million in 2011 for the William J. Clinton Foundation (to which Hillary and Chelsea are attached); $730,000 for the Clinton Global Health Initiative; and $7.2 million for the Clinton Health Action Initiative (CHAI).

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How many ways can the conniving Clintons use their name to launder money?

<><> The William J. Clinton Family Foundation......

<><> the Clinton Global Health Initiative......

<><> the Clinton Health Action Initiative (CHAI).

More importantly, what is the connection between Corzine's MF Global, Teneo (which paid Bill Clinton $50,000 per month), The Clintons multiple tax-exempt foundations, and Muslim money-Laundering?

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The more cynical among us might wonder about : and the Clintons' Foundations are money laundering for the Muslim Brotherhood.

<><> Teneo Holdings---Clinton is Bd Chair---hirted out as strategic advisors,"

<><>Huma Abedin had “State Dept special status" while a private contractor for Teneo Holdings,

<><> Obama pal Jon Corzine and his failed investment company (MFG "misplaced" $1.4 Billion)

<><> Corzine hired Teneo and Bill Clinton @ $50,000 PER MONTH.

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LET'S STROLL DOWN MEMORY LANE WITH BILL AND HILL As President, Bill Clinton made policies that raised hundreds of billions (if not trillions) of dollars for his obscenely-rich donor/pals.

His North American Free Trade initiative made it easy for, and even encouraged, corporations to outsource jobs and then import their products back into the U.S...... The repeal of Glass-Steagall on his watch sent Wall Street into the money-making frenzy that led to the Great Recession/Depression of 2008......and subsequent taxpayer bailouts.

In exchange for these obscene gifts of corporate welfare, at the expense of America's middle and working classes, you'd think the Clintons' rich friends would have no trouble coughing up a mere $250 million endowment for the foundation.

Now it seems, the captains of crony capitalism are begging off....they just don't feel they have enough money to help their old friends Bill and Hillary secure their so-called "legacy."

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Sen Charles Grassley (R-Iowa) is probing Hillary aide’s employment status, asking how Huma Abedin got a sweetheart deal as a private six-figure consultant while at the State Department. Abedin and hubby, disgraced sexter/loser ex-Rep. Anthony Weiner, hauled in some $350,000 in outside income on top of Abedin’s $135,000 govt salary.

Abedin held “special government employee” status, and worked a sideline---as a private contractor. One of her clients was Bill CLinton's Teneo Holdings, a consulting firm that calls itself the “next chapter in strategic advisory.”

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HUMAN EVENTS: Last Dec, a former employee of bankrupt MF Global accused former president Clinton----chairman of Teneo's advisory board----of collecting $50,000 per month through his Teneo advisory firm in the months before MFG careened towards its Halloween filing for Chapter 11 bankruptcy, as hundreds of millions of investor funds disappeared.

Teneo was hired by MF Global’s former CEO Jon S. Corzine to improve his image and to enhance his connections with Clinton’s political family, said the employee, who asked that his name be withheld because he feared retribution, according to HE.

The Teneo contract with MF Global lasted at least five months, the souce said. The board cancelled it after Corzine resigned. The source, who is no longer associated with MF Global, said Teneo is a dual-track company with one side devoted to merchant and investment banking and the other side set up to provide image and strategy consulting services.

CAN YOU SAY MONEY LAUNDERING? The trustee for screwed MFG investors later sued JPMorgan bank for return of about $450M that MFG had transferred to the bank.

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HOW MANY MONEY LAUNDERING SCAMS ARE THERE? LET US COUNT THE WAYS------Ponzi King Madoff screwed many but he also laundered money for tax-exempt foundations/groups that handed him millions of dollars.

When he went to jail, investigators found Madoff had stashed billions offshore---into a labyrinth of financial entities. Some $8.9 billion was funneled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances.

But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny.

[cuban leaf]

“Nonprofit” is a tax term. Nothing else. It is an utterly amoral word.

[jsanders2001]

The Left is probably behind this study in some way or another whether as activists or funding it hoping to beat up on charities and the Christian churches to feed their government’s never ending appetite for money. I’m guessing they’re going to find a bigger percentage of their own involved and quietly bow out sheepishly without saying a word.

[Liz]

Nice insight.

[Liz]

CAN YOU SAY WIRE TRANSFER? POLITICAL PONZI SCHEME?The more we examine the Clintons perpetual fund-raising---people tossing huge amts of money into the Clinton money machine----the more this resembles a money-laundry and tax evasion machine. NOTE The IRS has targeted tax-exempt foundations as prime fraud vehicles.

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L/E needs to examine the Clinton Foundations' assorted bank accounts and its tax-exempt status. One of the biggest scams is a tax-exempt foundation writing a check to another tax-exempt----the way they easily launder tax-exempt money to themselves .....and commit tax evasion.

<><> Joint bank accounts might be used to facilitate the transfer of of tax=exempt funds. Clinton Foundation monies may be paying for personal and private expenses, campaign expenses, credit cards, real estate subsidies and vehicle purchases.

<><> To cover their tracks, fake invoices might be created to show that money deposited into accounts was being used for legitimate purposes. The scheme might be advanced by issuing phony statements of payments from financial sources that actually covered the transfer of tax-exempt funds for Clinton Foundations' insiders own use.

NOTE WELL Under the Bank Secrecy Act, banks are required to establish, implement and maintain programs designed to detect and report suspicious activity indicative of money laundering and other financial crimes. “The Bank Secrecy Act was enacted to protect the public from harm by identifying and detecting money laundering from criminal enterprises, terrorism, tax evasion or other unlawful activities,” the special agent in charge for Internal Revenue Service Criminal Investigation, explained.

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L/E needs to examine the Clinton Foundations' bank accounts used to pay for these activities.

The "Bank Secrecy Act" was passed to protect the public from harm by identifying and detecting criminal enterprises, money laundering, tax evasion or other unlawful activities. Under the Bank Secrecy Act, banks are required to establish, implement and maintain programs designed to detect and report suspicious activity that might be indicative of tax fraud, govt fraud. money laundering, embezzlement, and other financial crimes.

<><> Joint bank accounts might be used to facilitate the transfer of of tax-exempt funds. Foundation monies may pay for personal and private expenses, credit cards, real estate subsidies, campaign expenses, travel, and vehicle purchases. <><> To cover their tracks, fake invoices might be created to show that money deposited into foundation accounts was being used for legitimate allowable purposes.

The scheme might be advanced by issuing phony statements of payments from financial sources that actually covered the transfer of funds for theirown use.

<><> L/E is directed to get ahold of: (1) copies of foundation checks, (2) wire transfers, (3) account statements, (4) invoices, (5) bills, (6) delivery tickets, (7) correspondence including e-mail, contracts, loan agreements, and, (8) any other books or records. L/E should also explore (a) monies paid to brokers, sub- brokers, (b) family members, (c) mortgage brokers, (d) financial managers, and, (e) real estate agents, brokers, and developers.

<><> L/E should scrutinize foundation bank accounts for suspicious activites: (A) large deposits, (B) funds transferred from one account into another, (C) frequent requests for withdrawals.

<><> Bank records might also show diversions to secret LLC other accounts, to money launder and to operate personal ventures---like campaigns.

Tax fraud can also be facilitated by withdrawals, gift cards purchases, credit card purchases and intra-bank transfers from foundation accounts into personal a/nd campaign accounts. <><> A huge tipoff is whether bank withdrawals support campaignh activities and luxurious lifestyle including payments for real estate, investment and stock holdings, jewelry, luxury vehicles, resort travel....... and gifts from luxury outlets for wives and mistresses.

Taxpayers demand the Bank Secrecy Act be used to prosecute foundation fraud pronto.

<><> L/E is directed to get ahold of: (1) copies of Clinton Foundations' assorted checks, (2) wire transfers, (3) account statements, (4) invoices, (5) bills, (6) delivery tickets, (7) correspondence including e-mail, contracts, loan agreements, and, (8) any other books or records. L/E should also explore (a) monies paid to brokers, sub-brokers, (b) family members, (c) mortgage brokers, (d) financial managers, and, (e) real /estate agents, brokers, and developers.

<><> L/E should scrutinize Clinton Foundations' assorted bank accounts for suspicious activities: (A) large deposits, (B) funds transferred from one account into another, (C) frequent requests for withdrawals.

And study those tax returns with a fine-tooth comb.