[bert]

Think Soylendra....... that money is whisked off shore and banked.

The money he is after now is cor current expenses and payoffs

[Liz]

bert posted to Future Snake Eater: Why is he doing this? Can he steal the money for his own use later on? Think Soylendra....billion dollar federal handouts are whisked offshore and banked in secret accounts. The money Obama is after now is for sub-rosa payoffs (to buy votes for 2014)......and current expenses (the O's live large and want to continue living large once he leaves office).

Obama taking the "non-profit" route for political fundraising is instructive---b/c non-profits are notorious for financial hanky-panky. It's ridiculously easy to siphon off huge amounts of money via a non-profit.

CASE IN POINT--infamous Madoff The Ponzi stung later investors but it was a front for facilitating money-laundering and tax evasion for Madoff's phony "philanthropist" pals.

Dozens of so-called "investments" were setup for Ponzi King Madoff by California "philanthropist" Stanley Chais. The self-styled "philanthropist" had collected a staggering $270 million between 1995-2008, and had been "donating" (read laundering) large sums to religious groups and other non-profits.

Beneficiaries of the Chais largess were the prestigious Weizmann Institute of Science---Technion-Israel Institute of Technology--Hebrew Univ of Jerusalem. (SOURCE The Wizard of Lies--Bernie Madoff and the Death of Trust- book by Diana Henriques.)

Chais has been honored for his "generosity" ----keep in mind Weizmann Institute of Science---Technion-Israel Institute of Technology--Hebrew U of Jerusalem---are all "non-profits"---perfect vehicles for money laundering and tax evasion.

THE NON-PROFIT MODUS OPERANDI (A SELECTION): There's literally gazillions of ways for a n/p to raise tons of money posing as an altruist (as Ohaha is doing)---then loot the organization and its donors. Here's a few.

(1) one non-profit writes a check to another n/p---the second n/p takes a cut and deposits the rest for the first n/p's use later.

(2) N/p budgets siphon off money via phantom employees listed on payrolls;

(3) N/p budget items list fictitious "building projects, legal fees, PR fees, accounting fees" and so on.

(4) N/p funds are "donated" to a religious or "needy" entity----the latter takes a cut, then launders the money via a deaf dumb and blind bank. NOTE Israel is the only place in the world where one can go to a bank w/ a suitcase full of cash and no one asks where it came from or if taxes were paid on it.