Well places like Delray Beach and Boca will send another Brooklyn accented Sonderkommando to congress. A Jew who hates himself/herself, his faith and is ashamed to be Jewish but uses it as a convenient device like liberal African Americans to insulate themselves from criticism. But one thing working against another useless self hating Jewish person occupying the position that since the 1970’s the older NE Jewsih community has been filling the cemetaries and aren’t the force they once were. Older Hispanics are becoming the dominant demographic in North Broward and Southern Palm Beach
Wexler benefits handsomely from his association with the Center for Middle East Peace & Economic Cooperation.........which is setup as a "tax-exempt foundation."
REFERENCE News agencies reported that non-profit foundations and charities are abusing their tax-exempt status in several ways. Nonprofit trusts, charities and foundations have the potential and may, in fact, be major money laundering conduits. They wrap themselves in all sorts of high-sounding causes while engaging in activities that are fraudulent and benefit insiders at the expense of law-abiding Americans.
Legal fees, a line item in most N/P accounting reports, are well-used money laundering schemes that evade US taxes and use fraudulent accounting techniques to violate US banking and SEC laws. 501C's are used to run just about every kind of fraudulent accounting schemes, some observers say. N/P routinely pay exorbitant compensation to their officers and others
Form 990 is the main public disclosure documents for charities and foundations, that could be used for accounting fraud and tax evasion, and excessive compensation of specific individuals. Questionable compensation practices may evade IRS and banking and SEC laws. Insider transactions include (1) loans, the (2) sale, (3) exchange or (4) leasing of property to non-profit officers, and others, and reporting (5) "excess benefit transactions" and (6) executive pay.
The IRS has received complaints that 501C’s run just about every kind of off-the-books accounting fraud. Concerns have also been raised that the IRS has been stymied in its efforts to penalize falsified tax documents and official financial instruments to cover-up theft, and the failure of individuals to report stolen money as income (stolen money is taxable).
Foundations may involve collusion in multiple conspiracies to procure classified US documents with laundered or illegally-gotten monies, and may have been engaged in multiple conspiracies with donors to violate SEC, IRS, FEC, US banking laws, while colluding to commit other financial improprieties.
Authorities need to determine whether a Foundation is in collusion with donors, took part in multiple schemes to defraud, and whether laundered illegally-gotten donations were laundered, and whether donors who are officers of publicly-held companies manipulated publicly-reported earnings through a variety of devices designed to produce materially false and misleading financial results, and whether foundation donors fraudulently booked contributions as business expenses.
Authorities need to determine whether a Foundation colluded with its donors who are officers of publicly-held companies in schemes that may have included misusing corporate reserve accounts, concealing losses, inflating asset values and improperly accounting for transactions, as well as deferring profits into reserve accounts, improperly shifting capital funding to other projects to hide illegal payments, and whether a Foundation employed money laundering schemes to evade the IRS, SEC, FEC and US banking laws.
Classic money-laundering schemes work like this: a foundation might solicit a donor to write a check for say $150,000. The foundation would then deposit a percentage for itself, then illegally convert the remainder to another account----perhaps to a putative “consultant” account-----where the donor’s money would be fraudulently converted, then redeposited offshore, or in a foreign bank, where the donor would have access to the funds out of sight of IRS, SEC, and US banking laws.
In another conversion scheme, a tax-free foundation might solicit donors to write checks for $50,000, then deposit the check into a subsidiary bank account perhaps for “legal fees.” The bank would then illegally convert the monies and redeposit them into a campaign account designated by donors, out of sight of the FEC.
Authorities need to determine whether a tax-free Foundation and its donors violated state and federal RICO statutes by participating in (1) securities fraud, (2) US mail fraud, (3) electronic fraud, (4) computer trespass, (5) theft, (6) manipulated inventories, (7) created slush funds, (8) co-opted donors into criminal acts (9) failed to report wrongdoing, (10) breach of fiduciary duty, (11) received insider information, (12) accounting fraud, (13) improperly valued assets, (14) illegal conversions.
The BIGGEST frauds are one foundation writing a check to another foundation---they way these "altruists" launder and siphon off tax-free monies for themselves.