Wednesday, July 12, 2023

Never call attention to yourself if you're going to be a crook

Now that we're onto Tommy Tuberville...
Tommy Tuberville’s veterans support nonprofit raised more than $250,000 over five years, but spent just 18 percent on charitable causes, according to the nonprofit’s tax records.

  Alabama Political Reporter
Actually, I don't think that's all that unusual for "charitable" foundations.
In 2017, Tuberville’s foundation spent nothing on charitable causes, but spent $18,066 on meals, entertainment, gold tournament expenses, administrative expenses, advertising, auto insurance and photography.
If it weren't accepted practice, you'd think they'd hide it better on their tax records?
That year the foundation’s 990 tax form also shows $27,369 spent on a truck.

The foundation in 2018 spent $17,231 on meals, entertainment, auto, tax expenses, advertising, bank charges and travel and just $7,830 on charitable causes.

[...]

“The accounting and paperwork is an absolute mess. Different forms every year, different addresses, wildly missed reporting numbers, totals that don’t add up and bizarre financial choices. At a minimum the foundation has been incredibly poorly and unprofessionally managed. At worst it’s a sham.”

[...]

Tuberville was also involved in a fraudulent hedge fund that bilked more than $2 million from several Alabamians who invested in the venture.

Tuberville’s partner in the Auburn hedge fund was sentenced to a decade in prison over what has been described in court records as a “Ponzi scheme,” yet Tuberville was never charged — state and federal investigators said that he was also a victim of the fraud — and a civil lawsuit against the former football coach was dismissed after an undisclosed and confidential settlement agreement.
Oh.

...but hey, do what you want...you will anyway.

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