by WorldTribune Staff, September 21, 2016
Hillary Clinton supporter and Media Matters chief David Brock is laundering cash through the many pro-Clinton organizations he runs out of his office in Washington, D.C., a report said.
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,” ZeroHedge.com reported on Sept. 20. “Uncovered records expose a constant flow of money between these organizations.”
The report noted that Brock’s “unregistered Professional Solicitor, the Bonner Group, receives a 12.5 percent cut every time money is moved.”
Since Professional Solicitors are required to disclose their active solicitation contracts, “Brock wants his unregistered solicitor, the Bonner Group, to keep their client list hidden for a very specific reason.”
Non-profits are required to disclose who they give cash grants to, but aren’t required to disclose who gave them cash grants, the report said.
“This weak system of one way verification is being abused by Brock. He’s been cycling money between his organizations for years, and the Bonner Group’s 12.5 percent commission gets triggered after every pass.”
In 2014, Media Matters for America raised over $10 million. The Bonner Group was credited for raising the funds and was paid a $1,147,882 commission by Media Matters.
“That same year, Media Matters gave a $930,000 cash grant to Brock’s Franklin Education Forum, an organization that shares office space with Media Matters,” the report said. “In 2014, the Franklin Education Forum reported $994,000 in total contributions – 93.6 percent of that total came from Media Matters.”
Franklin Education Forum gave full credit to Bonner for raising that money and paid the fundraiser a $124,250 commission.
Zero Hedge’s report cited this example of a Media Matters money trail:
“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 percent commission. As bizarre as that scenario may sound, this is exactly what David Brock did in 2014.”
According to a New York Times report, Brock shares a summer rental in the Hamptons with Mary Pat Bonner, the president of the Bonner Group.
“David Brock will have a hard time claiming ignorance on this,” the Zero Hedge report said. “These transfers are intentional. He vacations with his solicitor. Case closed.
“We’ve spent months trying to find some sort of loophole to justify this activity. But there aren’t any loopholes. David Brock has something to hide.”
Zero Hedge also cited a report last week by The Daily Caller:
“Brock’s former long-time live-in boyfriend William Grey (whom Brock has thanked in several of his books) threatened to go to the IRS with damaging information about how Brock was running his Media Matters empire. What did Brock do? He paid Grey $850,000 to keep quiet. Brock reportedly had to sell his home in Rehoboth, Delaware to come up with the money. This certainly seems to indicate that Brock was terrified about what the authorities would uncover.”
Adding to this, Fox News reported:
“Grey accused Brock of “financial malfeasance” and threatened to undermine Brock’s fundraising efforts.
“Next step is I contact all your donors and the IRS,” Grey wrote in an email dated May 19, 2010. “This is going to stink for you if you do not resolve this now.”
Zero Hedge concluded: “We believe that the information presented in this article is what has Brock so terrified. We feel confident in saying, with close to absolute certainty, that David Brock is laundering money through his Media Matters conglomerate.”