Current Events > Southern Poverty Law Center hides millions in offshore accounts *link*

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Mal_Fet
09/06/17 12:06:42 AM
#1:


http://freebeacon.com/issues/southern-poverty-law-center-transfers-millions-in-cash-to-offshore-entities/

The Southern Poverty Law Center (SPLC), a liberal, Alabama-based 501(c)(3) tax-exempt charitable organization that has gained prominence on the left for its "hate group" designations, pushes millions of dollars to offshore entities as part of its business dealings, records show.

Additionally, the nonprofit pays lucrative six-figure salaries to its top directors and key employees while spending little on legal services despite its stated intent of "fighting hate and bigotry" using litigation, education, and other forms of advocacy.

The SPLC has turned into a fundraising powerhouse, recording more than $50 million in contributions and $328 million in net assets on its 2015 Form 990, the most recently available tax form from the nonprofit. SPLC's Form 990-T, its business income tax return, from the same year shows that they have "financial interests" in the Cayman Islands, British Virgin Islands, and Bermuda. No information is available beyond the acknowledgment of the interests at the bottom of the form.

"I've never known a US-based nonprofit dealing in human rights or social services to have any foreign bank accounts," said Amy Sterling Casil, CEO of Pacific Human Capital, a California-based nonprofit consulting firm. "My impression based on prior interactions is that they have a small, modestly paid staff, and were regarded by most in the industry as frugal and reliable. I am stunned to learn of transfers of millions to offshore bank accounts. It is a huge red flag and would have been completely unacceptable to any wealthy, responsible, experienced board member who was committed to a charitable mission who I ever worked with."

"It is unethical for any US-based charity to invest large sums of money overseas," said Casil. "I know of no legitimate reason for any US-based nonprofit to put money in overseas, unregulated bank accounts."

"It seems extremely unusual for a ‘501(c)(3)' concentrating upon reducing poverty in the American South to have multiple bank accounts in tax haven nations," Charles Ortel, a former Wall Street analyst and financial advisor who helped uncover a 2009 financial scandal at General Electric, told the Free Beacon.

Richard Cohen, president and chief executive officer of the SPLC, was given $346,218 in base compensation in 2015, its tax forms show. Cohen received $20,000 more in other reportable compensation and non-taxable benefits. Morris Dees, SPLC's chief trial counsel, received a salary of $329,560 with $42,000 in additional reportable compensation and non-taxable benefits.


They're as scummy as the worst corporate bosses, but at least corporations actually make products that people like.

What more do you expect from an organization that labeled Ben Carson an "extremist" yet refuses to label Antifa a hate group?
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AlternativeFAQS
09/06/17 12:08:54 AM
#2:


*link*
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The Admiral
09/06/17 12:08:58 AM
#3:


SPLC has always been a garbage propaganda outlet that raises money by pandering to perpetually offended liberals. This isn't the least bit surprising.
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billcom6
09/06/17 12:10:06 AM
#4:


They are just being smart. Congress should close those loopholes!
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The Great Muta 22
09/06/17 12:10:45 AM
#5:


Let's see, freebeacon or dailycaller, which one was your source?
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Bio1590
09/06/17 12:10:45 AM
#6:


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SSJ-AshKetchum
09/06/17 12:11:29 AM
#7:


The Great Muta 22 posted...
Let's see, freebeacon or dailycaller, which one was your source?

This is a cop out.
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AlternativeFAQS
09/06/17 12:12:31 AM
#8:


I love how poopgazer reacted without any evidence the article is real.
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Mal_Fet
09/06/17 12:13:53 AM
#9:


AlternativeFAQS posted...
*link*

whoops
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loafy013
09/06/17 12:14:07 AM
#10:


The Great Muta 22 posted...
Let's see, freebeacon or dailycaller, which one was your source?

I'm gonna say freebeacon. It was buried in the text. But makes you wonder why a link wasn't provided.

Charles Ortel, a former Wall Street analyst and financial advisor who helped uncover a 2009 financial scandal at General Electric, told the Free Beacon.

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AlternativeFAQS
09/06/17 12:16:04 AM
#11:


btw the main chairman of the free beacon is a glorified conservative blogger who was one of the worst parts of the mccain campaign
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Mal_Fet
09/06/17 12:18:59 AM
#12:


loafy013 posted...
But makes you wonder why a link wasn't provided.

Because I forgot to post it

AlternativeFAQS posted...
btw the main chairman of the free beacon is a glorified conservative blogger who was one of the worst parts of the mccain campaign

So is the info wrong, or are you just looking for an excuse to ignore this?
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AlternativeFAQS
09/06/17 12:21:34 AM
#13:


Mal_Fet posted...
So is the info wrong,


knowing the source? possible
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creativerealms
09/06/17 12:22:26 AM
#14:


I stopped caring about them when they claimed people who are critical of Islam are anti Islamic extremists.
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Mal_Fet
09/06/17 12:22:39 AM
#15:


AlternativeFAQS posted...
Mal_Fet posted...
So is the info wrong,


knowing the source? possible

I mean, if they're wrong about this then they should already have been sued into oblivion by the SPLC.

So are they wrong about this or not
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Bio1590
09/06/17 12:24:46 AM
#16:


Mal_Fet posted...
AlternativeFAQS posted...
Mal_Fet posted...
So is the info wrong,


knowing the source? possible

I mean, if they're wrong about this then they should already have been sued into oblivion by the SPLC.

So are they wrong about this or not

Isn't this article like a couple days old?
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The Great Muta 22
09/06/17 12:25:46 AM
#17:


So I'm digging into this whole "Pacific Human Capital" place and well, there doesn't seem to be much there.

This is their website: http://pacific-human-capital.com/

You can find the woman quoted in this article on the 'About' page. Almost all their articles have like maybe 3 comments dating from 2012/2013.

https://www.facebook.com/pachumcap/

That's their Facebook page, with again, the last comments and posts from late 2012/early 2013. And if you follow the address link it takes you to nothing that resembles a business.

https://twitter.com/ASterling

There's the woman who is quoted Twitter account. And it's...well...it's something. I'm trying to understand but I get that she's very anti Clinton. And very, very strange
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Mal_Fet
09/06/17 12:26:35 AM
#18:


Bio1590 posted...
Mal_Fet posted...
AlternativeFAQS posted...
Mal_Fet posted...
So is the info wrong,


knowing the source? possible

I mean, if they're wrong about this then they should already have been sued into oblivion by the SPLC.

So are they wrong about this or not

Isn't this article like a couple days old?

Yes

So we should definitely have heard about an impending libel lawsuit against the freebeacon if they got absolutely anything incorrect!
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Howl
09/06/17 12:26:53 AM
#19:


It's OK when liberals do it of course.
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AlternativeFAQS
09/06/17 12:28:02 AM
#20:


The Great Muta 22 posted...
So I'm digging into this whole "Pacific Human Capital" place and well, there doesn't seem to be much there.

This is their website: http://pacific-human-capital.com/

You can find the woman quoted in this article on the 'About' page. Almost all their articles have like maybe 3 comments dating from 2012/2013.

https://www.facebook.com/pachumcap/

That's their Facebook page, with again, the last comments and posts from late 2012/early 2013. And if you follow the address link it takes you to nothing that resembles a business.

https://twitter.com/ASterling

There's the woman who is quoted Twitter account. And it's...well...it's something. I'm trying to understand but I get that she's very anti Clinton. And very, very strange


lol i was just doing the same thing. the woman is a scifi writer?
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sktgamer_13dude
09/06/17 12:29:22 AM
#21:


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OwlRammer
09/06/17 12:33:50 AM
#22:


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The Great Muta 22
09/06/17 12:34:01 AM
#23:


AlternativeFAQS posted...
lol i was just doing the same thing. the woman is a scifi writer?


She's a big Bernie fan and a big advocater in socialism and overthrowing the capitalist state it appears, but I got only so far down and got bored and left.
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ModernPresident
09/06/17 12:35:26 AM
#24:


Southern Poverty Law Center is an absolutely worthless organization. They themselves should be the actual top hate group. Disgusting.
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Bio1590
09/06/17 12:38:43 AM
#25:


So if you go to the SPLC's tax form they reference, what they say is there,is there:

https://www.splcenter.org/sites/default/files/990_103116.pdf

So what Free Beacon basically got their entire article from is this:

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? If "Yes," enter the name of the foreign country.

So they said "Yes", and the answers were "CAYMAN ISLANDS, BRITISH VIRGIN IS, BERMUDA"

So the real question is what is the truthfulness of the rest of the article
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sktgamer_13dude
09/06/17 12:43:59 AM
#26:


Bio1590 posted...
So if you go to the SPLC's tax form they reference, what they say is there,is there:

https://www.splcenter.org/sites/default/files/990_103116.pdf

So what Free Beacon basically got their entire article from is this:

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? If "Yes," enter the name of the foreign country.

So they said "Yes", and the answers were "CAYMAN ISLANDS, BRITISH VIRGIN IS, BERMUDA"

So the real question is what is the truthfulness of the rest of the article

Stop posting facts.

It's ruining Mal's shitty narrative. Think of the poor troll.
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AlternativeFAQS
09/06/17 12:44:39 AM
#27:


Bio1590 posted...
So the real question is what is the truthfulness of the rest of the article


judging from the sources they used...
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SSJ-AshKetchum
09/06/17 12:46:20 AM
#28:


Jesus, you guys flock to Mal's topics like lemmings to a cliff to shitpost and troll.
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Capn Circus
09/06/17 12:46:32 AM
#29:


Bio1590 posted...
So they said "Yes", and the answers were "CAYMAN ISLANDS, BRITISH VIRGIN IS, BERMUDA"


Lol! And after that you probably still think this organization is reputable.

Imagine what you'd say if one of Trump's organizations had their bank account there.

Jeeesssusss
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AlternativeFAQS
09/06/17 12:48:30 AM
#30:


Capn Circus posted...
Bio1590 posted...
So they said "Yes", and the answers were "CAYMAN ISLANDS, BRITISH VIRGIN IS, BERMUDA"


Lol! And after that you probably still think this organization is reputable.

Imagine what you'd say if one of Trump's organizations had their bank account there.

Jeeesssusss


....

are you high
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Bio1590
09/06/17 12:49:50 AM
#31:


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Bio1590
09/06/17 12:50:49 AM
#32:


Capn Circus posted...
Bio1590 posted...
So they said "Yes", and the answers were "CAYMAN ISLANDS, BRITISH VIRGIN IS, BERMUDA"


Lol! And after that you probably still think this organization is reputable.

Imagine what you'd say if one of Trump's organizations had their bank account there.

Jeeesssusss

If this is actually common why say anything? Like I'm 1/1 in finding another one with an account in the Cayman Islands here.
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AlternativeFAQS
09/06/17 12:51:06 AM
#33:


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Capn Circus
09/06/17 12:54:57 AM
#34:


AlternativeFAQS posted...
https://www.buzzfeed.com/matthewzeitlin/trumps-treasury-nominee-defends-his-cayman-funds?utm_term=.ekYGxYMGj#.rl29L8A92


Yeah I don't like that guy either. One of my criticisms of Trump, if you will.

I definitely don't give a **** about Billy
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Capn Circus
09/06/17 12:59:49 AM
#35:


And on further thought, it should make you wonder why Buzzfeed didn't post the same article about Poverty Law Center.

Ever stop and think about that?
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AlternativeFAQS
09/06/17 1:00:54 AM
#36:


Capn Circus posted...
And on further thought, it should make you wonder why Buzzfeed didn't post the same article about Poverty Law Center.

Ever stop and think about that?


mainly because buzzfeed news is actually pretty accurate.
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Bio1590
09/06/17 1:02:42 AM
#37:


Like for the record I'm actually curious how common this is, especially since there's an (indirect) quote from Mnuchin in that Buzzfeed article that specifically mentions non-profits doing it too.
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Capn Circus
09/06/17 1:29:13 AM
#38:


AlternativeFAQS posted...
Capn Circus posted...
And on further thought, it should make you wonder why Buzzfeed didn't post the same article about Poverty Law Center.

Ever stop and think about that?


mainly because buzzfeed news is actually pretty accurate.


Oh? Why couldn't they post an article titled, "Southern Poverty Law Center defends their Cayman Islands Funds" instead of, "Trump's Treasury Secretary Nominee Defends His Cayman Islands Funds"?

I guess it wasn't worth looking into, since SPLC is fighting "hate".
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AlternativeFAQS
09/06/17 1:30:43 AM
#39:


Capn Circus posted...
AlternativeFAQS posted...
Capn Circus posted...
And on further thought, it should make you wonder why Buzzfeed didn't post the same article about Poverty Law Center.

Ever stop and think about that?


mainly because buzzfeed news is actually pretty accurate.


Oh? Why couldn't they post an article titled, "Southern Poverty Law Center defends their Cayman Islands Funds" instead of, "Trump's Treasury Secretary Nominee Defends His Cayman Islands Funds"?

I guess it wasn't worth looking into, since SPLC is fighting "hate".


like I said, they mainly try to stay accurate
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Bio1590
09/06/17 1:31:20 AM
#40:


Capn Circus posted...
AlternativeFAQS posted...
Capn Circus posted...
And on further thought, it should make you wonder why Buzzfeed didn't post the same article about Poverty Law Center.

Ever stop and think about that?


mainly because buzzfeed news is actually pretty accurate.


Oh? Why couldn't they post an article titled, "Southern Poverty Law Center defends their Cayman Islands Funds" instead of, "Trump's Treasury Secretary Nominee Defends His Cayman Islands Funds"?

I guess it wasn't worth looking into, since SPLC is fighting "hate".

Because the Mnuchin article is over 8 months old and the SPLC hasn't publicly addressed this yet so you couldn't have an article titled "SPLC defends their Cayman Islands Funds"?

I don't think your brain is working.
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Capn Circus
09/06/17 1:37:10 AM
#41:


Bio1590 posted...
Capn Circus posted...
AlternativeFAQS posted...
Capn Circus posted...
And on further thought, it should make you wonder why Buzzfeed didn't post the same article about Poverty Law Center.

Ever stop and think about that?


mainly because buzzfeed news is actually pretty accurate.


Oh? Why couldn't they post an article titled, "Southern Poverty Law Center defends their Cayman Islands Funds" instead of, "Trump's Treasury Secretary Nominee Defends His Cayman Islands Funds"?

I guess it wasn't worth looking into, since SPLC is fighting "hate".

Because the Mnuchin article is over 8 months old and the SPLC hasn't publicly addressed this yet so you couldn't have an article titled "SPLC defends their Cayman Islands Funds"?

I don't think your brain is working.


I'll try 'an remember to tag you a year from now and we can get back together on the mainstream media scrutiny of SPLC.

Hint: There won't be any.
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Bio1590
09/06/17 1:39:08 AM
#42:


That may be the case, but still has zero to do with the fact you embarrassed yourself again trying to be "smart".
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darkjedilink
09/06/17 2:46:46 AM
#43:


Bio1590 posted...
So if you go to the SPLC's tax form they reference, what they say is there,is there:

https://www.splcenter.org/sites/default/files/990_103116.pdf

So what Free Beacon basically got their entire article from is this:

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? If "Yes," enter the name of the foreign country.

So they said "Yes", and the answers were "CAYMAN ISLANDS, BRITISH VIRGIN IS, BERMUDA"

So the real question is what is the truthfulness of the rest of the article

So they did, in fact, have off-shore bank accounts?

Meaning the article is, in fact, correct?
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Bio1590
09/06/17 8:27:20 AM
#44:


darkjedilink posted...
Bio1590 posted...
So if you go to the SPLC's tax form they reference, what they say is there,is there:

https://www.splcenter.org/sites/default/files/990_103116.pdf

So what Free Beacon basically got their entire article from is this:

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? If "Yes," enter the name of the foreign country.

So they said "Yes", and the answers were "CAYMAN ISLANDS, BRITISH VIRGIN IS, BERMUDA"

So the real question is what is the truthfulness of the rest of the article

So they did, in fact, have off-shore bank accounts?

Meaning the article is, in fact, correct?

The statetements that the article makes regarding off-shore bank accounts is correct. The rest of the article, being the assertions made by the person/people in the article, and the conclusions the article is attempting to draw, are not known.

So no, you can't just go and say "the article is correct", because it is unknown if the entire article is in fact, correct.
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