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To: Liz
the IRS says that's the biggest n/p scam---one "charity" writing checks to another "charity." That's how they finance their activities----and skim tax-free monies off for themselves.

Can I trouble you to elaborate on that? I've seen a very suspicious pattern resembling that at a charity I used to finance.

8 posted on 02/24/2012 6:39:08 AM PST by NativeNewYorker (Freepin' Jew Boy)
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To: NativeNewYorker
There are many ways to skim off tax-free monies---here's a couple examples.

(A) The two "charities" conspire to collude.

(B) The 1st charity writes a hefty check (disguised as a "contribution") to the 2nd charity.

(C) The 2nd charity takes a cut, then launders the rest of it----depositing it into a bank account that is accessible only by the 1st charity's principles.

=====================================

Sometimes the money is sent offshore---one infamnous case had an individual "contributing" to a US synagogue. The rabbi took a cut, then deposited the rest in an Israeli bank account for the contributor's use later.....all tax-free.

11 posted on 02/24/2012 6:54:23 AM PST by Liz
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