Investigators may be looking at the legal parameters of prosecutable crimes including making false statements to state and federal officials, filing falsified documents, obstruction of proceedings before state and federal agencies, fiduciary negligence, and obstruction of US justice. The tax exempts might have facilitated IRS fraud by integrating:
1. Secret control over tax exempt fund-raising committees.
2. Requiring only one signature on tax-exempt bank checks.
3. Utilizing pre-signed tax-exempt bank checks.
4. Using secret bank accounts to keep secret the actual financial position of tax-exempt "charities."
5. Assigning bank deposit and account reconciliation functions of tax-exempts to one person.
6. Conspiring to hide oversight of expenses and supporting vouchers from public view.
7. Having no outside auditor to review tax-exempt statements.
8. Cashing unusually large amounts of tax-exempt checks.
9. Having no official deposit and withdrawal control system.
10. Arranging kickbacks to other "charities" in exchange for donations.
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THE MODUS OPERANDI: ....behind the velvet drape of Picower‘s philanthropy is a different story........cluttered with angry lawsuits, cowed scientists and bitter former business partners. It is the turmoil left behind when one man plays all the leading parts in and directs his own charitable production. Picower runs the Picower Foundation. Picower runs the Picower Institute. The Picower Foundation funds the Picower Institute. Researchers at the Picower Institute discover a drug that they hope will alleviate the suffering of a whole universe of people: victims of arthritis, multiple sclerosis, stroke and inflammatory bowel disease. A deal is cut. A merger creates a for-profit pharmaceutical company that gets the license to develop this potential blockbuster drug and other promising Picower Institute discoveries. This company’s largest shareholder? Jeffry M. Picower ......
Fraudulent "charitable" activities might involve passing checks from one "charitable" account to another in multiple conspiracies to launder monies and evade taxes. Authorities should investigate the Picower's tax-exempts' US Postal Service mailings, wire transfers, computer transfers, electronic submissions, and unregulated money transfers, and all bank transfers connected to tax-exempt bank accounts.
The tax exempts might have facilitated IRS fraud by integrating:
1. Secret control over tax exempt fund-raising committees.
2. Requiring only one signature on tax-exempt bank checks.
3. Utilizing pre-signed tax-exempt bank checks.
4. Using secret bank accounts to keep secret the actual financial position of tax-exempt “charities.”
5. Assigning bank deposit and account reconciliation functions of tax-exempts to one person.
6. Conspiring to hide oversight of expenses and supporting vouchers from public view.
7. Having no outside auditor to review tax-exempt statements.
8. Cashing unusually large amounts of tax-exempt checks.
9. Having no official deposit and withdrawal control system.
10. Arranging kickbacks to other “charities” in exchange for donations.
EVERY liberal nonprofit needs to be looked at - most are scams.
So Picower, Madoff's best pal, large (if not largest) benefactor of Bernie's scam(s) & literally a billionaire is found dead. Who knew.
Listen Liz, question.
IF one wanted to learn if Picower belonged to or a member of say organizations such as Bilderberg, the Trilateral Commission etc?
Where might one learn such information, one way or the other? I'm thinking a clever young fox like you would know the answer to that. :^)
TIA, my friend.
When I read of this early in the AM?
My first impression: "Funny that. Obviously despondent to the point of suicide." /sarc ;^)