September 22, 2016

CLAIM: David Brock is laundering money.

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.

Nonprofits are required to disclose who they give cash grants to.

But they aren’t required to disclose who gave them cash grants.

This weak system of one way verification is being abused by Brock. He’s been cycling money between his organizations for years, and the Bonner Group’s 12.5% commission gets triggered after every pass.

Seems legit.

More:

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.

As bizarre as that scenario may sound, this is exactly what David Brock did in 2014.

Read the whole thing. But rather than “bizarre,” the scenario sounds more like “business as usual” in Clintonland.

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