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'Nut'house empire; ACORN grabs $50M in city homes (collects $5.7M in rents, fees and sales)
NY POST ^ | 9/21/09 | By BRENDAN SCOTT Post Correspondent, w/ Rich Calder

Posted on 09/21/2009 10:06:51 PM PDT by Liz

A tangled web of ACORN affiliates amassed a real estate empire worth at least $50 million, owns or manages nearly 1,500 housing units and collects an estimated $5.7 million in rents, fees and profits from sales. The properties are controlled by an opaque collection of nonprofits, holding companies and development funds w/ generic names: 385 Palmetto Street Housing Development Fund or the Mutual Housing Association of NY, hiding ties to ACORN conglomerates.....the income supports at least 18 local ACORN affiliates largely based at 2-4 Nevins St, Brooklyn, an address ACORN shares with the left-of-center political entity--the Working Families Party. NY ACORN Housing Company was caught in a video sting giving shady financial advice to two activists posing as a pimp and prostitute. 10 ACORN directors hold leases in ACORN-owned buildings ranging in value from $5,900 to $11,000 annually. Six ACORN directors owed a total of $8,700 in rent as of June 2008, according to a recent filing.

(Excerpt) Read more at nypost.com ...


TOPICS: Crime/Corruption; Extended News; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: acorn; coi; cultureofcorruption; democratcorruption; democrats; federalprosecutor; fraud; housing; newyork; newyorkcity; obama; rico; whitehouse
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BERTHA'S RUNNING SCARED Spokesman Bertha Lewis ACORN CEO (seen on Fox News Sunday) is looking to move her operations from New Orleans to NY. "They want to relocate, so that Bertha, a Brooklynite, can consolidate her power," said an ACORN whistleblower. Former ACORN employee Marcel Reid, the whistleblower, asked the Dept of Justice to investigate ACORN'S "mysterious" finances. Reid is an ACORN insider---this could get interesting.

1 posted on 09/21/2009 10:06:51 PM PDT by Liz
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To: Liz

Some delicious “meows” here


2 posted on 09/21/2009 10:09:11 PM PDT by HiTech RedNeck (Love me, love my cat.)
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To: Jet Jaguar
*Ping!*
3 posted on 09/21/2009 10:09:36 PM PDT by rabscuttle385 (So many Communists, so little time.)
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To: Liz
10 ACORN directors hold leases in ACORN-owned buildings ranging in value from $5,900 to $11,000 annually.

How does that compare to the other rents in the same buildings?

4 posted on 09/21/2009 10:15:02 PM PDT by Vince Ferrer
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To: Liz

Bookmark


5 posted on 09/21/2009 10:19:52 PM PDT by GOP Poet
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To: Vince Ferrer

Good point.


6 posted on 09/21/2009 10:20:54 PM PDT by givemELL (Does Taiwan Meet the Criteria to Qualify as an "Overseas Territory of the United States"? by Richar)
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To: Liz

How can this be? If it was true the NYSlimes, WaPost and NPR would report it....

What? They are compliant?


7 posted on 09/21/2009 10:22:09 PM PDT by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: HiTech RedNeck
Yep! Republicans MUST get a judicial inquiry going on Acorn, and have ALL it's shady criminal enterprises and dealings exposed, and criminal charges laid against these racist, election rigging, Marxist traitors, which will hopefully expose Obama and Ayers and the youth re-education centers and brown shirt recruiting and training centers they were running and funding from within Acorn to harass and shake down banks into giving loans under the "community reinvestment act to unqualified "minorities". under the CRA, if a bank wanted to make virtually any change in it's business operations, merging, opening a new branch, getting into a new line of business, it had to first prove it made enough loans to the CRA's "preferred borrowers. ACORN would file petitions with the regulators that could stop the bank in it's tracks, unless ACORN and other "community groups" received generous "donations worth millions, and they kept up issuing plenty of dubious loans to unqualified applicants. No different than the mafia collecting protection money from business owners if they wanted to stay in business.

They are all involved up to their eyebrows, including laundering this worthless loans, bundling them up as secure long term investment certificates through Freddy Mac and selling them on the world markets. This is the Republican's holy grail of corruption that can bring the entire RAT house down, and have Opama impeached or even worse, much like the Democrats tried to do with the Valary Lame outed spy BS.

8 posted on 09/22/2009 12:22:47 AM PDT by Nathan Zachary
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To: Liz; All
ACORN & Obama are joined at the hip-- I've started a running file on ACORN,
' The Issa Report- ACORN "a criminal enterprise..."'--Click the picture:


9 posted on 09/22/2009 1:24:52 AM PDT by backhoe (All across America, the Lights are going out...)
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To: Liz; FlingWingFlyer; altair; stephenjohnbanker; youturn; little jeremiah; ~Kim4VRWC's~; voteNRA; ...
ACORN Ping!

FReep mail me if you want on/off the list.


10 posted on 09/22/2009 3:50:38 AM PDT by Jet Jaguar (A mob of one.)
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To: Liz
They say that sunlight is the best disinfectant. This is getting better and better by the day. The problem I see with busting up ACORN is even if you defund them they will regroup under another name(s) and continue their criminal enterprise. The fact that they are tied to the hip with Zero causes the drive bys to treat them with kid gloves. I'm glad to see somebody with the stones to take them to the wood shed where they belong.
11 posted on 09/22/2009 3:50:39 AM PDT by RU88 (Bow to no man)
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To: Liz

http://newsbusters.org/blogs/tom-blumer/2009/09/21/acorn-independent-advisory-council-member-stern-lets-loose-acorns-critic

The Politico entry from Ben Smith linked above reports that the (cough, cough) “Independent Advisory Council” consists of the following eight members:

* John Podesta, President and CEO, Center for American Progress
* Kathleen Kennedy Townsend, Board Member, RFK Foundation, former MD Lt. Governor
* Andrew Stern, International President, Service Employees International Union
* Henry Cisneros, Executive Chairman, Cityview
* John Banks, Vice President of Government Relations Con Ed
* Eric Eve, Senior VP of Global Consumer Group, Community Relations, Citigroup
* Harvey Hirschfeld, President, Lawcash
* Dave Beckwith, Executive Director, Needmor Fund


12 posted on 09/22/2009 3:57:33 AM PDT by maggief
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To: Liz

5.7 mission gross on 50 million in assets is not a very good return. It looks like the tax cheats are not very good business men either,


13 posted on 09/22/2009 5:34:50 AM PDT by norwaypinesavage (Global Warming Theory is extremely robust with respect to data. All observations confirm it)
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To: norwaypinesavage
Speaking of tax cheats:

ACORN: Federal Tax Liens in NOLA

ACORN: LA State Tax Lien 1

ACORN: LA State Tax Lien 2

ACORN: LA State Tax Lien 3

State Investigates ACORN (LA)

14 posted on 09/22/2009 7:32:25 AM PDT by ravingnutter
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To: maggief; Grampa Dave; stephenjohnbanker; GOPJ; hoosiermama; KentTrappedInLiberalSeattle; ...
CUT AND PASTE MEMO: one of FR's top researchers came up with this reference.

MAGGIEF: A Politico entry from Ben Smith linked below reports that the “ACORN Independent Advisory Council” consists of eight members.

ACORN Independent Advisory Council
* John Podesta, President and CEO, Center for American Progress
* Kathleen Kennedy Townsend, Board Member, RFK Foundation, former MD Lt. Governor
* Andrew Stern, International President, Service Employees International Union
* Henry Cisneros, Executive Chairman, Cityview
* John Banks, VP of Govt Relations, Con Ed (utility lobbyist)
* Eric Eve, Senior VP of Global Consumer Group, Community Relations, Citigroup
* Harvey Hirschfeld, President, Lawcash
* Dave Beckwith, Executive Director, Needmor Fund

SOURCE http://newsbusters.org/blogs/tom-blumer/2009/09/21/acorn-independent-advisory-council-member-stern-lets-loose-acorns-critic

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

NOTE the cabal of tax-exempt, non-profits (which the IRS has designated as the locus classicus for money laundering and tax evasion). All of these need to be investigated at once.

ACTION NOW We need to put all liberal tax-exempt, non-profit groups under the IRS microscope.

DO THIS : Contact the IRS Criminal Investigations Division (IRS-CI) (CALLERS CAN REMAIN ANONYMOUS)
>> To report suspected tax fraud activity, Tele toll-free 1-800-829-0433
>> To report suspected tax law violations, Tele toll-free 1-800-829-0433

MISSION STATEMENT The IRS-CI mission is to follow the money. No matter the source, all income earned, both legal and illegal, has the potential of becoming involved in crimes. The IRS-CI utilizes the broad authority of Title 26 and 31, tax, currency reporting and forfeiture and Title 18 money laundering, conspiracy and forfeiture to identify, investigate and prosecute the most significant tax, currency and money laundering offenders; and to pursue the assets of those offenders both domestically and internationally for criminal tax and asset forfeiture purposes.

Contact the IRS when you suspect :
> Abusive Tax-exempt Non-profit Schemes
> Unscrupulous Tax Return Preparers
> Frivolous filers/non-filers who challenge the constitutionality of the American tax system
> Income Tax Evasion
> Failure to File
> Filing False Returns
> Frivolous filers/non-filers who challenge the constitutionality of the American tax system
> Employment Tax Cases
> Claims for Fraudulent Refunds
> Illegal Source Financial Crimes (Money obtained illegally or through fraud)
> Narcotics Related Financial Crimes
> Money Laundering

The IRS is also interested in leadership and members of groups involved in tax, money laundering, or currency violations and persons engaged in fundraising activities using tax exempt organizations, and complex, extensive or convoluted financial transactions.

ALSO FIGURING IN ALL OF THIS:

(1) Dale and Wade Radke, brothers who run ACORN clone, SEIU (one bro embezzled $1M from ACORN)).

(2) The Apollo Alliance (exposed by Glenn Beck as the hidden hand that wrote the trillion dollar stimulus bill). The AA is a coalition of labor, business, environmental, and community leaders working to catalyze a clean energy revolution.

15 posted on 09/22/2009 7:35:09 AM PDT by Liz
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To: RU88
The problem I see with busting up ACORN: even if you defund them, they
regroup under other name(s) and continue their criminal enterprise(s)......

Don't worry about that....there's a lot of people watching their EVERY move.

9/12 REVOLUTION MARCHERS

16 posted on 09/22/2009 7:43:03 AM PDT by Liz
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To: Liz

Thanks


17 posted on 09/22/2009 7:43:04 AM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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To: Liz
One problem is that 'ACORN' is like HUGH spiderweb with strands going everywhere. Plus they're like cockroaches - you shine a light on them and they scatter, then regroup and popup all over the place again under some new name .

In order to smash the ACORN cabal, the DoJ would need a special nationwide task force, like they did with the Mafia (A Special Prosecutor alone couldn't do it all). And Eric Holder will do that when pigs fly.

So when the GOP gets the WH back, Holder should be the first person investigated for Obstruction of Justice. But the GOP that we know doesn't have that fight in them. They'd be afraid of being labeled as racists (dam pansies).

18 posted on 09/22/2009 8:05:01 AM PDT by Condor51 (The difference between stupidity and genius is that genius has its limits)
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To: Condor51; stephenjohnbanker; maggief; GOPJ; Grampa Dave
.....they're like cockroaches - you shine a light on ACORN and they scatter, regroup, and popup under a new name...... to smash the ACORN cabal, the DoJ would need to deploy a special nationwide task force, like they did with the Mafia......

We already have a special nationwide task force (which is even global in scope)....... the internet.

ACORN can run but they can't hide.

19 posted on 09/22/2009 8:21:44 AM PDT by Liz
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To: Liz

Yep, we will snuff em out. We and Beck and his little helpers ;-)


20 posted on 09/22/2009 8:29:58 AM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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