Rev. Al deep in the red

http://www.nypost.com/p/news/local/manhattan/rev_al_deep_in_the_red_FFFX2IRlXVlP0sh79dWyxL ^

[OUTKAST]

The Rev. Al Sharpton’s nonprofit paid him nearly $242,000 — even as it carried $1.6 million in debt, according to documents obtained by The Post.

In all, the controversial activist and his empire, including the National Action Network and two for-profit companies, were $5.3 million in the red, public records show.

Most of NAN’s money woes stemmed from more than $880,000 in unpaid federal payroll taxes, interest and penalties. It also paid more than $100,000 to settle two lawsuits, byproducts of the unpaid bills.

And it still owed $206,252 in loans to Sharpton’s for-profit Bo-Spanky Consulting Inc. and Sharpton Media LLC, the records show.

Read more: http://www.nypost.com/p/news/local/manhattan/rev_al_deep_in_the_red_FFFX2IRlXVlP0sh79dWyxL#ixzz1gI9WFG1D

[FlingWingFlyer]

“Reverend” Al is a tax deadbeat. Whodda thunk!

[Beowulf9]

He gets away with this but the min any of us don’t pay a buck owed to the IRS, wham!

[PGR88]

He needs to go out and accuse Google or Microsoft or Exxon of racism in hiring or their dealer network or something to extort some much needed cash!

C’mon Al baby, you gotta work for your money just like Jesse Jackson does!

[Sgt_Schultze]

Hmmm. I thought an organization’s executives are personally liable for unpaid payroll taxes.

[MarkL]

Doesn’t he still owe the cop or prosecutor in NY for the defamation suit he lost over the Tawana Brawley case?

Mark

[papasmurf]

Until he hits the fires of hell itself, it ain’t “red” enough.

[synbad600]

"[Shakedown Artist] initially balked at paying his $65,000 share of the damages. Pagones collected about $15,000 through garnishment of Sharpton's wages. Over the last few months, various New York City business and political leaders chipped in to pay the rest of the debt, which totaled about $87,000, including interest that had accrued. Bolnick said the final $30,000 had arrived earlier this month, and he was virtually certain all the checks had cleared. The donors include former Manhattan Borough President Percy Sutton, Amsterdam News publisher emeritus Bill Tatum, Black Enterprise magazine chairman Earl Graves Sr., Essence magazine publisher Ed Lewis, auto dealer Richard Gidron and attorney Johnnie Cochran."

For the best and eternal "Rev." article, go to my hero: Power Dem by Jay Nordlinger.

[StevieRay20]

He’z got da Boooberry Pie all ova his facez!!!