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WASHINGTON EXAMINER REPORT: [Cummings’ wife Maya] Rockeymoore runs two entities, a nonprofit group called the Center for Global Policy Solutions and a for-profit consulting firm called Global Policy Solutions, LLC, whose operations appear to have overlapped, according to the IRS complaint filed by watchdog group the National Legal and Policy Center on Monday. The complaint states that the arrangement may have been used to derive “illegal private benefit.”

Global Policy Solutions received more than $6.2 million in grants between 2013 and 2016, according to tax records. Several of the nonprofit group’s financial backers — which included Google, J.P Morgan and Prudential — have business interests before the House Committee on Oversight and Government Reform. Cummings has served as Democratic chairman of the committee since January and previously served as ranking member.

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NARRATIVE: It is very common for shysters in business to open bank ccounts with similar names as the legit buiness in order o siphon off money to hide it from partners, associates, investors, the IRS, etc.Here's how Cummings and his wife siphoned off huge amounts for themselves.
<><> early on they established two entities, one non-profit and a for profit.
<><> as the money poured into the N/P, Cummings and Rockymoore systematically transferred monies to the private company with a similar name.

Keep in mind, the private company, unlike the N/P, is exempt from reporting all of their significant expenditures like he n/p does SIPHONINGS A CINCH Just put checks into the new accounts with similar names, depositing checks that were made out to the original entity. Even your bank advises that if a check-writer “mis-spelled” your name, to just endorse the check with the correct name.

AND PRESTO: a check made out to N/P Global Policy Solutions, is deposited in the for profit Global Policy Solutions LLC account.

Some might ask how the IRS might close-down M/M Cummings’ gold mine of a scam. AFAIK, each bank records every check that is presented to its system-——as well, the front and back of each check are copied. That means if the Cummings deposited checks made out to the n/p into its consulting account, the bank would have all of that recorded.

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TO REPORT POSSIBLE BANK FRAUD:

FDIC Office of Inspector General Hotline
3501 Fairfax Drive
Room VS-D-9069
Arlington, VA 22226

Call 1-800-964-FDIC
Email oighotline@fdicoig.gov

Write: FDIC Office of Inspector General Hotline
3501 Fairfax Drive
Room VS-D-9069
Arlington, VA 22226