David Brock Money Laundering Scandal
Who is David Brock?
David Brock is most famously known as the founder of the
Media Matters of America. He was born on July 23 and 1962. He is also known as
a political consultant and author who leans to the liberal side (specifically
as a big supporter of the Clinton family). At the beginning of his career, he
used to be a right-wing investigative report but changed sides later on. The
National Review has also gone on to call him “a right-wing assassin turned
left-wing assassin.” He has also written bestselling books like ‘The real Anita
Hill’ and ‘Strange Justice.’
Money Laundering Complaint
Brock has come under the line of fire most recently due to
money laundering charges filed against him with the IRS. This was done by The
Patriots Foundation which is a conservative non-profit group. According to this
complaint, Brock apparently funneled money from a tax-exempt group founded by
him into his private news business. The group in question is the
far-right-leaning American Bridge 21st century. They have potentially broken
their nature as a non-profit organization because they participated in
political activities.
The complaint is indicting the American Bridge to have
violated the Internal Revenue Code of 1986 and misusing its tax-exempt nature.
The complaint further states that AB21CF is calling itself a non-profit but is
solely focusing on one target and that is Donald Trump. The complaint even
concluded by saying that the IRS takes a deep dive into the dealings of the
group and take warranted action such as removing their tax-exempt status and
even suggested that penalties be levied on them.
American Bridge 21st Century Foundation’s Rebuttal
In the wake of these complaints AB21CF’s president, Bradley
Beychok has brushed off any wrongdoing on behalf of the organization. He
further said that this is yet another move made by the right-wing people to
further their own agenda and mislead people. He even mentioned that Brock had
quit his position as a member of the board of directors before any of the money
was transferred in order to maintain full clarity.
The True Optics of the Claim
Brock has an entire empire of groups of both Non-profit and
For-profit organizations. It also has a news network called the American
Independent which is owned by True Blue Media LLC (formed by Brock in 2015).
For over two years, the non-profit arm (AB21CF) has infused as much as 2.6
million dollars into the LLC. The Patriot Foundation claims that this flies
directly in the face of IRS rules which disallows people running a non-profit
from using the money for their own benefit.
Conclusion
While the IRS is yet to give an official statement on the
issue, the future of AB21CF and True Blue Media remains in the murkiness. We
will update you about the situation as soon as we have any further information
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