Economy

BUSTED: David Brock Caught ‘Money Laundering’

David Brock is everything normal people hate about politics. He’s a shady, shameless shill for Hillary Clinton who has made a fortune in the “political operative” industry by doing political operative-y things that contribute nothing of value to society. He’s also (allegedly) a paranoid coke fiend who travels with an armed security detail because he’s afraid snipers are going to get him.


Brock is probably going to want to lawyer up following the publication of a month-long investigation into his network of pro-Clinton political organizations. The Citizens Audit presents a compelling case that Brock is laundering money through the various PACs and non-profit groups he oversees. One of them is Media Matters, one of the most aggressively pro-Clinton operations in existence.


The report presents evidence that, for years, Brock has been shifting money around between his various political organizations, while paying a 12.5 percent commission on each transaction to the Bonner Group, which serves as his (unregistered) solicitor — unregistered because that way the group is not legally required to disclose its contracts.


The Bonner Group is run by Mary Pat Bonner, a rich Democratic donor with whom Brock shares a rental property in the Hamptons.


Here’s a summary of how the scheme allegedly works:

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:

Media Matters would receive your $1,062,857 donation
The Bonner Group would earn a $132,857 commission
Media Matters would retain $930,000
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
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.


As bizarre as that scenario may sound, this is exactly what David Brock did in 2014.


The report, which is heavily researched and backed up by publicly available financial documents, concludes with its authors writing, “We feel confident in saying, with close to absolute certainty, that David Brock is laundering money” through his conglomerate of political organizations.


The reports also cites a series of recent stories involving Brock’ s disgruntled former lover, William Grey, who had threatened to rat Brock out to the IRS until Brock agreed to pay $850,000 for his silence. It is suggested that the scheme outlined in the report is exactly what Brock might be trying to conceal from the IRS and other interested parties.


Not a great look for one of Hillary Clinton’s most loyal political allies.

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Categories: Economy, Politics