Media Matters Founder Accused Of Illegally Profiting From Progressive Nonprofit Group

Daily Caller ^ | 4/24/2020 | ANDREW KERR

[bitt]

A conservative watchdog group filed three complaints against organizations founded and operated by Media Matters founder David Brock.

The Patriots Foundation accused Brock’s nonprofit group American Bridge Foundation of violating IRS rules by transferring $2.7 million in tax-exempt assets to a for-profit media company owned by Brock.

“We’re calling on the IRS to conduct a thorough investigation of Brock’s organizations and to hold them accountable for all violations,” Patriots Foundation president Craig Robinson said in a statement.

Media Matters for America founder David Brock reaped illegal profits through the transfer of millions from a nonprofit he founded to a for-profit entity under his control, according to an IRS complaint filed by a conservative watchdog group.

The complaint detailed how Brock’s nonprofit group American Bridge Foundation (AB Foundation) transferred $2.7 million in tax-exempt assets to True Blue Media, a for-profit company owned by Brock that is the parent company of ShareBlue, a for-profit media company now known as The American Independent. The transfers violated IRS rules that prohibit nonprofit organizations from using their tax-exempt resources to pay personal or private expenses of any key figures connected to the nonprofit, the complaint stated.

AB Foundation’s transfers to True Blue Media were disclosed in the nonprofit’s Form 990s filed to the IRS in 2017 and 2018.

AB Foundation’s sister super PAC, AB PAC, announced plans in March to spend $50 million on ads targeting President Donald Trump. AB PAC also reportedly brokered an alliance in March with another super PAC, Unite the Country, which supports former Vice President Joe Biden’s presidential bid.

[bitt]

p

[SpaceBar]

David Brock is a piece of shit.

[Grampa Dave]

Good news!

[Old Sarge]

I seem to recall a thread by a celebrity FReeper admonishing us not to comment on David Brock’s amorous proclivities...

[Fedora]

This is at least the third time Brock has been exposed doing something like this.

[rockinqsranch]

“David Brock is a piece of shit.”

What is worse than a piece of shit? That is what he is.

[Trump Girl Kit Cat]

Worse than a piece of shit is a piece of gum on the bottom of your shoe he is BOTH!!!

[golux]

My favorite loser is Terry Krepel who makes an excellent living posting nasty things about conservatives all day on various blogs. Soros pays!

[Liz]

2016 ARCHIVES---Money Laundering Scheme Exposed: 14 Pro-Clinton Super PACs & Non-Profits Implicated
zerohedge.com ^ | Sep 20, 2016 / Posted by Helicondelta

David Brock has 7 non-profits, 3 Super PACs, one 527-committee, one LLC, one joint fundraising committee, and one unregistered solicitor crammed into his office in Washington DC. Uncovered records expose a constant flow of money between these organizations. The Bonner Group, Brock's professional solicitor, works off a commission. Every time money gets passed around, Bonner receives a 12.5% cut.

Follow the money: Say, for example, you donate $1,062,857 to Media Matters for America.
This is how David Brock would have used your charitable donation in 2014:
1- Media Matters would receive your $1,062,857 donation
The Bonner Group would earn a $132,857 commission
Media Matters would retain $930,000

2- Next, Media Matters would give what’s left of your entire donation, $930,000, to the Franklin Education Forum
The Bonner Group would ‘earn’ a $116,250 commission
The Franklin Education Forum would retain $813,750

3- The Franklin Education Forum would then forward the remaining $813,750 to The Franklin Forum
The Bonner Group would ‘earn’ a $101,718 commission
The Franklin Forum would retain $712,031

In the end, Brock’s solicitor would have pocketed $350,825, almost a third of your initial donation! That’s a far cry from the advertised 12.5% commission.

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

DAVID BROCK----MEDIA MATTERS MONEY LAUNDERING SCHEME
How they move money around

[bray]

When your shell companies launder billions of illegal campaign funds for the DNC what do you expect? How many billions are from China and Russia heading for the Biden campaign.

[Garden Island]

David Brock broke the Paula Jones story in The American Spectator back in 1993. That story was the impetus of the Paula Jones lawsuit, which
eventually would have The ‘Toon testifying under oath about Monica Lewinsky. If only the Toon settled before. Oh well. Somehow Brock felt guilty about tanking the Toon and quickly became a radicalized zealot and has made his life’s work trying to censure anything remotely conservative.

[rockinqsranch]

You’re right. Good one.

[WashingtonSource]

David Brock is a crock of sh*t.

[WashingtonSource]

David Brock was bribed into turning against conservatives and he willingly sold them out. I know this from first hand information. George Soros turned him to the dark side. And he’s be laughing all the way to the bank. He was never a man of principle. He was always a bit seedy. He is a bastard, literally, who was adopted by a devout Christian family. He turned against them too.

[Ann Archy]

David Brock is a PATHETIC GAY LOSER!

[Ann Archy]

Brock came out of the closet and knew his Homey Home was in the DEMOCRAT PARTY!

[Pollard]

I’m sure Lois Lerner will get right to it

[SunkenCiv]

Fake Media Matters most.

[shanover]

Media Matters is part of The Clinton Cabal which is part of the Soros Cabal.