Al Sharpton Sells Life Story Rights to His Charity for $531,000
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The Rev. Al Sharpton sold his rights to his life story for a price of more than a half a million dollars— to a charity he owns.
The National Action Network (NAN)— the organization which Sharpton founded in 1991— agreed to fork over $531,000 to the left-wing preacher for Sharpton’s “life story rights for a 10-year period,” according to NAN’s tax filings obtained by the New York Post.
Sharpton also serves as president of NAN, which means he will be the one receiving the cash on behalf of the organization. But the document does not state when the organization would receive the money.
The deal would already amount to more than the $244,661 salary he received from the organization in 2017.
The left-wing activist said the idea came from two members of NAN’s board whom he did not identify, claiming they said the sale would create revenue for the organization after he plans to step down in another year.
“This way they make a profit from the beginning and all of the revenues,” Sharpton said.
But Sharpton never specified when the organization would receive the influx of cash.
“What does that have to do with anything?” Sharpton told the Post.
Sharpton added that he had other ways of increasing revenue for the non-profit, including several movie contracts and videos of himself with celebrities such as Michael Jackson.
“You’ve got real property here. You’re not talking about just me as an activist. These are non-related NAN things that are the saleable items,” he said.
Legal experts say the non-profit’s actions are concerning because the organization is conducting business with its president.
“When I see this kind of thing, it just makes me roll my eyes because there’s so much potential for funny business,” said Linda Sugin, a Fordham University Law School professor and associate dean.
Sugin added that the organization’s independence is questionable because of Sharpton’s “overall influence.”
“In this case, it’s really difficult because of his role in the organization and just because of his overall influence,” she said.
Another legal expert, former IRS official Marcus Owens, said the organization could be violating IRS rules on excess benefits and could be jeopardizing its tax-exempt status.
The National Action Network, which is based in New York City’s Harlem neighborhood, raked in $6.3 million in 2017, and $5.8 million in 2018.
The cash-flush nonprofit also plays a considerable role in politics, especially after House Leader Nancy Pelosi (D-CA) praised Sharpton’s organization for “saving America” and credited it for the Democratic gains in the House of Representatives during the 2018 midterms.
BEL AIR MAXINE WATERS
AND HER CRACK ALLEY CONSTITUENTS
WALL STREET BANKSTERS
AND THEIR BOUGHT DEMOCRAT POLS PREPARE FOR THE NEXT WAVE OF BOTTOMLESS
NO-STRING BANKSTER BAILOUTS…
Will this one finish
off the American economy?
*
Considering
her record and documented history of poor ethical and moral fitness, it’s
outrageous that Maxine Waters is up for chair of the ultra-powerful House
Financial Services Committee, which has jurisdiction over the country’s banking
system, economy, housing, and insurance.
*
*
"Wall Street billionaires are pushing a new plan to swipe the
profits of Fannie Mae and Freddie Mac from U.S. taxpayers–and in the process
revive the system of privatized-profits and public-risk that contributed to the
severity of the Great Financial Crisis."
*
The Moelis plan stands out as a strikingly bold grab for control of the
companies and their profits. It calls for the dividend payments to the Treasury
to cease so that the companies can rebuild capital. Shockingly, it also calls
for the cancellation of the senior preferred stock altogether–with no compensation for the past
risk and future profits currently due to taxpayers. It is as if a company
proposed to do a stock buyback by proposing to cancel its shares rather than
purchasing them for cash.
*
So will Maxine Waters be the crusading financial
protector of our 401k plans and save America from the next financial bubble?
Well, there will certainly be lots of harassment and shakedowns. But don't
count on her steering us clear of Wall Street excesses. If history is any
guide, Mad Maxine will be way too busy raising money from the people she is now
in charge of regulating. Stephen Moore is a senior fellow at The Heritage
Foundation
*
Waters, who represents some of Los Angeles’ poorest
inner-city neighborhoods, has also helped family members make more than $1
million through business ventures with companies and
causes that she has helped, according to her hometown newspaper. While she and
her relatives get richer (she lives in a $4.5 million Los Angeles mansion),
her constituents get poorer. JUDICIAL WATCH
Clinton Foundation Put On Watch List
Of Suspicious ‘Charities’
"But
what the Clintons do is criminal because they do it wholly at the expense of
the American people. And they feel thoroughly entitled to do it: gain power,
use it to enrich themselves and their friends. They are amoral, immoral, and
venal. Hillary has no core beliefs beyond power and money. That should be clear
to every person on the planet by now."
---- Patricia McCarthy -
AMERICANTHINKER.com
Rev. Sharpton sells rights to his autobiography - to his own charity
The Reverend Al Sharpton is, if nothing else, a shameless hustler. In addition to the nearly $220,000 salary he pulls down from his "charity," the National Action Network, NAN has agreed to buy the rights to the story of his life for a cool $551,000.
The document does not indicate when Sharpton, who is president of NAN, gets the cash, which is above and beyond the $244,661 he already pulled down in compensation from the group in 2017.Sharpton also wouldn’t say when the cash would come in.“What does that have to do with anything?” he said, speaking to The Post Saturday from South Africa, where he is hosting an MSNBC broadcast on the 100th anniversary of Nelson Mandela’s birth.Sharpton claimed the idea for the deal came from two NAN board members, whom he would not name.He said they wanted to create a source of revenue for the civil-rights organization after he steps down in about a year.“This way they make a profit from the beginning and all of the revenues,” he said.Sharpton said he had contracts for two movies, with a third contract in the works. One of these movies is already in production, he claimed. He would not provide details of any of the projects.He said a play was being shopped around and there were other assets that would generate revenue for NAN, including a recording where James Brown is singing and he’s talking, and video footage of him with Michael Jackson.“You’ve got real property here. You’re not talking about just me as an activist. These are non-related NAN things that are the saleable items,” he said.
NAN is Sharpton's preferred extortion vehicle. He demands "donations" from corporations or he will single them out for "community action," including boycotts and protests. As for "activism," the group is Sharpton's depository of pet issues like police brutality and affirmative action. So if there are "saleable" items, why doesn't some other group or company pick up the rights? Not much demand, I guess.
Sharpton is a tax dodge and an inciter of riots. He enjoys expensive suits, expensive hotels, and expensive restuarants. He lives the good life, cashing in on his notoriety and celebrity. Democratic candidates pay homage to him and he is great friends with the Clintons.
But he's still just a two bit street hustler who few will call out for his excessives because they fear the racial backlash.
More Trouble For The Clintons: FBI Raids The Home of DOJ Whistleblower Who Ratted on The Clinton Foundation
FBI agents spent six hours raiding the home of Department of Justice whistleblower Dennis Nathan Cain on Nov. 19th. According to Cain's lawyer, he was in possession of documents pertaining to the Clinton Foundation and Uranium One. He had handed them over to the DOJ’s inspector general and both the House and Senate Intelligence committees, The Daily Caller News Foundation reported.
From The Daily Caller:
The Justice Department’s inspector general was informed that the documents show that federal officials failed to investigate potential criminal activity regarding former Secretary of State Hillary Clinton, the Clinton Foundation and Rosatom, the Russian company that purchased Uranium One, a document reviewed by The Daily Caller News Foundation alleges.
The delivered documents also show that then-FBI Director Robert Mueller failed to investigate allegations of criminal misconduct pertaining to Rosatom and to other Russian government entities attached to Uranium One, the document reviewed by TheDCNF alleges. Mueller is now the special counsel investigating whether the Trump campaign colluded with Russia during the 2016 election.
Although Cain handed over the documents, the whistleblower’s lawyer, Michael Socarras, said the raid was excessive and went against whistleblower protections.
“The bureau raided my client to seize what he legally gave Congress about the Clinton Foundation and Uranium One,” Socarras told The DCNF.
A special agent from the FBI's Baltimore division believed Cain had stolen federal property and demanded to be let into the house. Cain let the agent know that he was protected under the Intelligence Community Whistleblower Protection Act and that Justice Department Inspector General Michael Horowitz recognized his whistleblower status. He also made the agent aware that he had submitted the classified information to the Senate and House Intelligence committees. At that point the special agent in charge of the sting direct 16 other agents to begin a sweep Cain's property.
Cain immediately handed over the documents to the FBI out of fear. Despite having the documents, the FBI continued their raid.
“After asking and getting my approval to do so, DOJ IG Michael Horowitz had a member of his staff physically take Mr. Cain’s classified document disclosure to the House and Senate Intelligence committees,” Socarras said. “For the bureau to show up at Mr. Cain’s home suggesting that those same documents are stolen federal property, and then proceed to seize copies of the same documents after being told at the house door that he is a legally protected whistleblower who gave them to Congress, is an outrageous disregard of the law."
Cain came across the classified information while working for a government contractor. Under whistleblower protections, the inspector general is to share that information with the attorney general. At that time, the attorney general was Jeff Sessions.
“The [whistleblower act] authorizes employees of contractors to take government property and give it to the two intelligence committees confidentially,” Socarras said.
Here's how the information was handed off:
Cain met with a senior member of Horowitz’s office at a church close to the White House to deliver the documents to the IG, according to Socarras.
Cain sat in a pew with a hoodie and sun glasses, Socarras said. Cain held a double-sealed envelope containing a flash drive with the documents. The IG official met him and, without saying a word, took the pouch over Cain’s shoulder and left.
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