zerohedge.com ^ | Sep 20, 2016 / FR Posted by Helicondelta
David Brock has 7 non-profits, 3 Super PACs, one 527-committee, one LLC, one joint fundraising committee, and one unregistered solicitor crammed into his office in Washington DC. Uncovered records expose a constant flow of money between these organizations. The Bonner Group, his professional solicitor, works off a commission. Every time money gets passed around, Bonner receives a 12.5% cut.
Follow the money : Say, for example, you donate $1,062,857 to Media Matters for America. This is how David Brock would have used your charitable donation in 2014:
1- Media Matters would receive your $1,062,857 donation The Bonner Group would earn a $132,857 commission Media Matters would retain $930,000
2- Next, Media Matters would give what’s left of your entire donation, $930,000, to the Franklin Education Forum The Bonner Group would ‘earn’ a $116,250 commission The Franklin Education Forum would retain $813,750
3- The Franklin Education Forum would then forward the remaining $813,750 to The Franklin Forum The Bonner Group would ‘earn’ a $101,718 commission The Franklin Forum would retain $712,031
In the end, Brock’s solicitor would have pocketed $350,825, almost a third of your initial donation! That’s a far cry from the advertised 12.5% commission.
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