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Monday, September 28, 2015

The IRS Scandal, Day 872

IRS Logo 2RedState:  Is the IRS in Collusion with the Clinton Foundation? Charles Ortel’s Quest to Expose Clinton Foundation Fraud Has a Lois Lerner Connection, by Myra Adams:

Does anyone remember Henry Markopolos? In case you don’t, he was the former securities industry executive who for nine years persistently, but unsuccessfully, tried to convince the U.S Securities and Exchange Commission (SEC) that the respected securities investment firm headed by Bernie Madoff was engaged in massive long-term fraud.

Fast forward to 2009 when Madoff was sentenced to 150 years in prison for operating the largest private Ponzi scheme in history adding up to billions of dollars in client losses.

In 2010, Markopolos wrote about his dramatic whistle-blower experience in a book aptly titled,  “No One Would Listen: A True Financial Thriller.”

So why am I bringing up the heroic efforts of Harry Markopolos?

The answer is a whistle-blower in the mold of Markopolos has come to my attention and his name is Charles Ortel. Like Markopolos, Ortel has a background as a financial industry executive in addition to a successful track record of identifying economic trends and systemic problems within companies, most notably General Electric.

Throughout 2015, Ortel has carefully studied and documented a decade’s worth of domestic and global fraud, theft, corruption and violations of strict IRS rules being perpetrated by a prestigious multi-billion dollar charitable organization known as the Bill, Hillary, and Chelsea Clinton Foundation.

Unlike Markopolos, who went to the SEC and was largely ignored because of incompetence, Ortel believes that the IRS is actively in collusion with the Clinton Foundation.

Collusion with the high-profile charity explains why the IRS is not thoroughly investigating Ortel’s carefully documented allegations of illegal activity on a scale so grand that a major audit would certainly be triggered if the name of the foundation was not “Clinton.”

Only collusion explains why, for over a decade, the IRS has allowed the Clinton Foundation, and all its umbrella organizations with different names to operate outside the strict rules and regulations under which all tax-exempt charities must operate or risk losing their tax-exempt status.

Ortel calculates that 2004 was the year when the foundation began engaging in massive fraud. Now guess who was director of the IRS’s Exempt Organizations Rulings & Agreements Division at that time? And guess who in December of 2005 was promoted to director of the entire IRS Exempt Organizations Division? Does the name Lois Lerner ring a bell?

The now disgraced Ms. Lerner resigned and retired from the IRS in September of 2013. In May of 2014 she refused to testify before a congressional committee. She then invoked the 5th Amendment, and was found in contempt of Congress. Lerner became the name most associated with what is still an ongoing IRS investigation as to why and how her department consistently denied tax-exempt status to conservative groups.

Ortel told RedState that he believes Lerner, a known partisan Democrat, “looked the other way at the IRS, thus allowing the Clinton Foundation’s cancer to spread.”

But even with Lerner long gone, Ortel says “Clinton acolytes are spread throughout the IRS.” Certainly those allegations help answer the question I posed two weeks ago on National Review: “Where are the Clinton Foundation’s Revised IRS 990 Forms?”

Fortunately my piece caught Ortel’s eye and now, after many discussions, I realize that asking why the IRS has yet to crack down on the Clinton Foundation for their delayed 2014 Form 990 along with years of promised revised filings, barely scratches the surface.

With the IRS ignoring Ortel, he is seeking nationally known investigative journalists to help him gain some traction in the mainstream media for his politically charged allegations in hopes that the Clinton Foundation IRS corruption scandal will “go viral.” ...

Finally, the National Journal’s Ron Fournier added some fuel to Ortel’s fire. In a piece demanding that Hillary Clinton either “come clean or get out,” Fournier hearkens back to that famous phrase, “follow the money” attributed to “Deep Throat” in the Watergate scandal when he writes that a Clinton loyalist said to him, “The emails are a related but secondary scandal. Follow the foundation money.”

https://taxprof.typepad.com/taxprof_blog/2015/09/the-irs-scandal-day-872.html

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Comments

I suspect that many people in the IRS believe that any organization which promotes a progressive agenda is automatically a social welfare organization. Progressivism is nothing more than what's good for society, right? If the law says otherwise, that's a technicality which should be circumvented.

Posted by: AMT buff | Sep 28, 2015 9:59:37 AM