Media Matters Founder Accused Of Illegally Profiting From Progressive Nonprofit Group
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.
“David Brock,
a leading leftwing political consultant, raises millions of dollars every year to influence the media, politics, and campaigns,” said Craig Robinson, the president of the Iowa-based Patriots Foundation that filed the complaint. “Behind the scenes,
his network of organizations have engaged in very troubling behavior that warrants serious investigation.”
https://dailycaller.com/2020/04/24/media-matters-american-bridge-irs-complaint-david-brock/
Now we understand why Media Matters wrote the fake news article about QAnon!
Just another fake not-for-profit organization with a hidden agenda.
Just another leftist who's been busted!
QAnons are his worst nightmare!
