Everyone knows @nickshirleyy made fraud a national conversation when he exposed Minnesota... but public money isn't the only kind that gets stolen.
With our partners @TheBigRedCo , we helped surface an alleged $270M charity fraud - meant for veterans & abused kids, and put it in front of 24M+ Americans in days.
🎥 @DC_Draino@mattgaetz@DineshDSouza@LauraLoomer@ksorbs@OANN
NEW:
🚨 Charity Funds Vanish in Alleged Bankruptcy Looting Scheme 🚨
Roughly $270 million in charitable assets allegedly disappeared through the bankruptcy of Highland Capital Management, according to a legal memo that is now urging the Department of Justice to investigate.
The memo claims a charity’s stake in the firm was redeemed for just $1.6 million before being “laundered” through a court-approved settlement, allowing the bulk of the value to be redirected elsewhere. Beneficiaries of the transactions reportedly included investment funds linked to prominent Democratic donors, among them GCM Grosvenor’s Michael Sacks (an Obama Foundation board member and top donor to former Chicago Mayor Rahm Emanuel), as well as Tom Steyer’s @TomSteyer Farallon Capital.
Tom Steyer recently ran for Governor of California, where fraud is rampant.
Former Congressman Matt Gaetz @mattgaetz has described the allegations as outright theft, alleging the use of “fake companies and manipulated valuations” to siphon the funds. He has called on Acting Attorney General Todd Blanche @DAGToddBlanche to open an investigation.
The most disturbing part of the Highland Capital case is that a legal memo to DOJ says the bankruptcy settlement itself was “the vehicle through which the fraud was executed and concealed.”
The courtroom was the getaway car. Every American should be concerned about this.
Whatever happened to this charity’s $270 million, which was intended to be distributed to its nonprofit beneficiaries?
The money is supposed to be going to help U.S. military veterans and vulnerable children.
@DAGToddBlanche should look into this.
https://t.co/6PQrenyEfh
Roughly $270 million in charity money allegedly looted through a rigged bankruptcy, and so far, silence. @DAGToddBlanche, this is your DOJ now, and a memo urging action is already on the department’s desk. The question is simple: will you act?
How is this not a federal investigation right now?
$269M has been allegedly stolen from veterans’ charities using fake companies and no one seems to care.
The foundations that owned the money didn’t even know it was happening to them.
Our veterans deserve better.
$270 million in charity money, gone.
@FmrRepMattGaetz laid it out: assets allegedly stripped through the Highland Capital bankruptcy with "fake companies and manipulated valuations." One charity's stake got redeemed for $1.6M, then "laundered through a court-approved settlement," and the money ended up with Obama-world figures and Democratic megadonors.
This is exactly the kind of case @VP@JDVance's Task Force to Eliminate Fraud was set up to take on. @DAGToddBlanche needs to do something. It really bothers me that anyone steals from a charity, let alone stealing from one intended to benefit thousands of people who need help the most.
Congratulations to our friend @ChadRobo, author of “Saving Aziz,” for making the @WSJ BESTSELLERS LIST!
Get your copy TODAY at Barnes & Noble: https://t.co/7XYEuiOHKY #SavingAziz#Afghanistan#TheBigRedCo
Congratulations to our friend @ChadRobo on his official book launch of “Saving Aziz.” Get your copy TODAY at Barnes & Noble: https://t.co/7XYEuiOHKY #SavingAziz#Afghanistan#TheBigRedCo
We celebrate @LeoraLevyCT’s victory in the competitive US Senate primary election in Connecticut, where she was outspent, but her message of a new Connecticut, one free from economic strangulation, resonated with the people and propelled her to victory. #TheBigRedCo
We celebrate @thedaughter17’s victory in the SREC election, which was the result of her unwavering commitment to defend medical freedom and individual liberties. #TheBigRedCo#JoinOrDie
We celebrate @joeecollins3’s victory in the competitive CA CD-36 primary election for his continued fight against the crime, human trafficking, and inflation that stem from the corruption and lack of leadership in Los Angeles at the local and federal levels. #TheBigRedCo
We celebrate @KenPaxtonTX’s advancement in the Texas Attorney General’s race for his continued fight to reduce government overreach and to protect Texas’ most vulnerable. #TheBigRedCo#KenPaxton
We celebrate @CasandraLGarcia’s advancement in the Texas CD-28 race for her continued fight to bring economic prosperity to South Texas and to protect the values and liberties that define our nation. #TheBigRedCo#TX28#TXPOL
A lot of work being done to complete construction on PHSU's new campus in Ponce. This is a huge milestone for PHSU, its students, and the surrounding communities. Thank you to Caribbean Business for featuring PHSU's progress and spreading the word about our mission! #DiscoverPHSU
On April 2nd, 2022 JOE COLLINS FOR CONGRESS will be officially kicking off our 2022 campaign with a fundraiser at Trump National Golf Club Los Angeles.
Tickets are limited.
https://t.co/yUblEe52Cn
For more info: [email protected]#JoeCollinsforCongressCA36
We celebrate David Lowe’s advancement in the Texas House District 91 race for his fight against child exploitation and against the lobbyists and politicians who put the people’s interests last. #TheBigRedCo
We celebrate @JeffYoungerTex advancement forward in the Texas House District 63 race for his fight against child exploitation, suppression of free speech, and kangaroo courts. #TheBigRedCo#JeffYounger#SaveJames