Posted on 05/20/2025 6:17:02 PM PDT by bitt
President Trump’s choice to run the Kennedy Center has said he has found $26 million in fraudulent revenue.
Addressing several board members during a dinner in the White House’s State Dining Room, Grenell stated that a review of the center’s budgets from the past two years had uncovered what he described as “$26 million in phantom revenue—fake revenue.”
“It’s criminal,” Grenell said. “We’re going to refer this to the U.S. attorney’s office here.”
SHOCKING! Ric Grenell just revealed the new CFO of The Kennedy Center went through the 2024 & 2025 budgets and found $26 MILLION in PHANTOM REVENUE. FAKE REVENUE! This is now being referred to the U.S. Attorneys Office. @RichardGrenell pic.twitter.com/fW4wjJnPwE
— George Balfour-Kinnear (@balfourUK) May 20, 2025
The board’s former chairman, David M. Rubenstein, has denied any wrongdoing.
“With full transparency, the financial reports were reviewed and approved by the Kennedy Center’s audit committee and full board as well as a major accounting firm,” his spokesperson told The New York Times.
Trump, meanwhile, took aim at the center for promoting political propaganda under its previous leaderhsip.
“Instead of putting forward programming that tears our country down and tears our country apart, the Kennedy Center should be the nation’s premier venue for lifting up the best of our country and lifting up the American arts, theater, music and culture,” Trump said.
He continued:
(Excerpt) Read more at thegatewaypundit.com ...
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What is the motive for fake revenue?
Corruption in every direction.
What would be the purpose of inflating revenue numbers? It’s not like a corporation making quarterly reports, the Street expecting certain numbers and investors beating up the company for misses...or buying based on fraudulent inflated revenue numbers.
“the financial reports were reviewed and approved by the Kennedy Center’s audit committee and full board as well as a major accounting firm...”
Were all of those in on the inflated numbers?
How did Grenell’s team find it?
Something doesn’t feel right here.
Perhaps to hide just how badly woke stuff is subsidized?
What is the motive for fake revenue?
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A fat bank account, I’d wager.
Likely money laundering
As in Embezzlement perhaps?
At this point I do not want to know “How” they found it.
If they found it, lets not tip the criminals as “How”.
MY THOUGHT, ALSO.
HAVE DONE ACCOUNTING SINCE 1957.
ONLY THING I CAN THINK OF:
THEY WERE OPERATING AT A LOSS & WANTED TO COVER THAT UP !!!
Priceless! :D
What would be the purpose of inflating revenue numbers?
Xxxxxxxxxxxxx
Matching funds from USAID, NGOs, Fed gummit grants????
Yes, the very best place to keep your Fake Revenue is your Fake Bank Account.
Bulldoze the F’n thing now. There’s nothing the democrats don’t steal from, is there?
Good thinking. Very plausible!
Are exec and board salaries based as a % of revenue?
The Kennedy Center probably got million$ from the corrupt USAID, and other BS grants with ridiculous names held in accounts that have now been disappeared and the Kennedy Center was using the fake revenue amounts to explain away the ILLEGAL inflow taxpayer dollars.
The Kennedy Center's woke nonsense had a price, apparently.
Something criminal.
Great. Now get after Biden staffers who were paid for auto pen pardons.
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