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Thread: David Brock reverts to type

  1. #1
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    David Brock reverts to type

    Media Matters Founder Accused Of Illegally Profiting From Progressive Nonprofit Group
    • A conservative watchdog group filed three complaints against organizations founded and operated by Media Matters founder David Brock.
    • The Patriots Foundation accused Brock’s nonprofit group American Bridge Foundation of violating IRS rules by transferring $2.7 million in tax-exempt assets to a for-profit media company owned by Brock.
    • “We’re calling on the IRS to conduct a thorough investigation of Brock’s organizations and to hold them accountable for all violations,” Patriots Foundation president Craig Robinson said in a statement.
    Media Matters for America founder David Brock reaped illegal profits through the transfer of millions from a nonprofit he founded to a for-profit entity under his control, according to an IRS complaint filed by a conservative watchdog group.

    The complaint detailed how Brock’s nonprofit group American Bridge Foundation (AB Foundation) transferred $2.7 million in tax-exempt assets to True Blue Media, a for-profit company owned by Brock that is the parent company of ShareBlue, a for-profit media company now known as The American Independent. The transfers violated IRS rules that prohibit nonprofit organizations from using their tax-exempt resources to pay personal or private expenses of any key figures connected to the nonprofit, the complaint stated.
    . . . “To remove any potential conflict of interest, David Brock resigned as an officer and a member of the board of directors [of American Bridge] in 2016, before the first investment was made,” Beychok told The Beast.

    However, AB Foundation referred to Brock as its chairman as recently as 2018, after the group began disbursing tax-exempt funds to True Blue Media, The Beast noted.

    The complaint also cited AB Foundation’s audited financial statements, which show that Brock’s nonprofit group has transferred over $10 million to its sister super PAC between 2015 and 2018 under a cost-sharing agreement that didn’t formally exist.
    Brock has been a major funder and left wing warrior for a decade, lest we forget:

    Media Matters' war against Fox
    March 27, 2011.

    American Bridge 21st Century/AB PAC

    I have low expectations here of any appropriate penalty coming. But Air America went away; scum-raker Brock can, too.
    • “Weakness is refusing to take responsibility for your own actions, weakness is pointing your finger at someone else in a time of crisis." — Minneapolis Mayor Jacob Frey, illustrating weakness by blaming Trump.
    • "We hold these truths to be self evident. All men and women created by the, you know, you know, the thing." —Joe Biden, explaining the Creator.
    • "The way I see it, there's always, c'mon, there's always money. It's there." —Elizabeth Warren, explaining socialism.
    • “The interesting thing about the Green New Deal is it wasn’t originally a climate thing at all.... We really think of it as a how-do-you-change-the-entire-economy thing.” —Saikat Chakrabarti, then AOC's Chief of Staff.
    • "We have to stop demonizing people and realize the biggest terror threat in this country is white men, most of them radicalized to the right, and we have to start doing something about them." —CNN's Don Lemon, showing how to stop demonizing people.

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  3. #2
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    Pffft. The rules don't apply to the liberal elite. For proof, just ask the liberal elite.
    “I do not aim with my hand; he who aims with his hand has forgotten the face of his father.
    I aim with my eye.

    "I do not shoot with my hand; he who shoots with his hand has forgotten the face of his father.
    I shoot with my mind.

    "I do not kill with my gun; he who kills with his gun has forgotten the face of his father.
    I kill with my heart.”

    The Gunslinger Creed, Stephen King, The Dark Tower

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