$19,616,118. That's the total I can document from TurningPoint USA's own tax filings. It's their numbers. It's their signatures and it's all reported under penalty of perjury for the IRS. Before we go any further, let me tell you exactly who we're talking about. We're going to talk about Jake Hoffman. He's an Arizona state senator. He's been indicted as one of Arizona's fake electors for signing documents that claimed Donald Trump won the 2020 election when he never did. Trump pardoned him in November of 2025, but the Arizona state case is still active. His company, Rally Forge, was permanently banned from Facebook in October of 2020. Facebook called it a domestic troll farm that he was running and was banned after that. Turning Point entities still paid him. Turning Point continued paying his companies over $7 million. They just continued paying. They never stopped. A company banned for doing fraud. Essentially, think about that. Tyler Ber, the chief operating officer of Turning Point Action and one time in a news interview said that he had big balls describing himself as a person who basically knows and runs everything. He was also indicted with Jake Hoffman as a fake elector and pardoned again by Donald Trump. His disclosed compensation from TurningPoint entities total over $1.4 million. However, in 2021, he put $650,000 worth of a down payment on a $ 1.95 million home in Mesa, Arizona. But just back in 2011, he was losing condos due to foreclosure, and he had his wages garnished. And look, I'm not claiming to be any saint. And there's lots of people with financial issues. But if you're working for a nonprofit, you're putting a $650,000 down payment and making millions of dollars. I think this needs to be explained. Stacy Sheridan. This is also a person we'll be discussing. She appears on the form 9990 as a key employee raising money for Turning Point USA and she's on the payroll. She's has two companies connected to her. Cloverstone Ventures and Lion Rock Ventures. There's actually a third one, but I can't fully disclose, so we'll leave that out for this one. $5.3 million was received in fundraising fees from Turning Point USA to these entities, Cloverstone Ventures and Lion Rock Ventures. She's getting paid twice. once as an employee, once through her companies. The American Red Cross spends 4% of its budget on fundraising. This is something else entirely because Red Cross is a multi-billion dollar company. And overseeing all of this at this time is Justin Olsen, the CFO or chief financial officer for TPUSA. And this guy is responsible for an $80 million budget. He's not a CPA. He's not an accountant. He got caught reading utility talking points word for word while he was supposed to be regulating that utility. That's who's watching their money. So that's who we're talking about. Now, let me show you what the filings actually say. Let's go ahead and dive right into it. Subscribe, like, hit that notification bell for your boy, and let's run it. Now, if you watched my last two videos, you know something is definitely off here. This video is going to show you the full picture. Everything I'm about to show you or talk about comes from public filings from their own tax filings. I'm not a lawyer. I'm not an accountant. I'm not an auditor. I'm just a dude reading public documents and asking questions. So, let's ask some questions. Let's start with Jake Hoffman because actually his story tells you everything about how this network operates. In September of 2020, the Washington Post published an investigation into an Arizona marketing firm called Rally Forge LLC. Now, what they found was that Rally Forge had been paying teenagers, including minors, to create fake social media accounts and post proTrump content. These kids would use fake names, AI generated profile pictures, and Bitmoji avatars. They pulled their post from a shared document and got bonuses based on how much engagement that was generated on each post. A month later, Facebook permanently banned Rally Forge from their platforms, and they removed 200 Facebook accounts, 55 pages, and 76 Instagram accounts connected to the operation. The fake accounts had made about $1 million in ad buys, and accumulated over 400,000 followers before they got caught. Facebook's head of security policy said the operation used thinly veiled personas and compared it to tactics by Russian actors to disrupt American elections. And yes, this stuff does actually happen. Multiple teenagers who were involved told the Washington Post that they were working for Turning Point USA and they had no idea who Rally Forge was. One of them had a link to TPUSA's website in his then Twitter profile until reporters started asking questions. Jake Hoffman was the president and CEO of Rally Forge. He lost his personal Facebook and his Twitter accounts as part of the enforcement action. Here's what I want you to understand. After Rally Forge got banned from Facebook and Twitter for running a troll farm, Turning Point entities just kept paying them. The filings show Rally Forge received over $3 million in total, including $1.8 million after the Facebook ban. The money didn't stop when the company got caught. It just kept on flowing. Then 4 months after the ban, a new company appeared, which is 110 LLC, formed in Delaware in February of 2021, registered to the very same UPS store mailbox as Rally Forge LLC. That's a UPS store in Queen Creek, Arizona. 110 received over $4 million from TurningPoint entities and affiliate packs, including $2.1 million from Put Arizona First Pack in 2022. But here's what's interesting about all that. 110 LLC is currently listed as voided in Delaware. The reason is because they didn't pay their annual franchise taxes, just $552. We're talking year after year, 2021, 2022, 2023, 2024, totaling $552. Combined, Rally Forge and 110 received over $7 million from TurningPoint entities and affiliated organizations. And what's all of this with LLC's not paying their taxes? It's such a small amount. Where did that money go? $7 million to companies owned by a guy also who got banned by Facebook for running a troll farm who got indicted as a fake elector and got pardoned by Trump. Let me explain why this matters. If you donated to the Turning Point USA organization, you probably thought your money was going to support conservative causes on college campuses. And you probably didn't think that it was going to a company that Facebook banned for running a domestic troll farm using teenagers with fake accounts. And here's the thing about the entity switch. Rally Forge gets banned. 4 months later, 110 appears at the very same address and payments continue seamlessly. That's not a coincidence. That's a workaround. Someone knew Rally Forge was toxic and created a new vehicle to keep the money flowing. For donors, this is a betrayal of trust. You gave money for one purpose. It went somewhere else. And whatever they're saying to you in public, it's a lie. You can bet my word on it. For taxpayers, this is your subsidy being abused. Turning Point is tax exempt. That means they don't pay taxes on this money, which means the rest of us make up the difference. We're subsidizing payments to a banned troll farm operator who was indicted for fraud. For TPUSA, this creates legal exposure. Payments to related parties that don't serve the organization's charitable purpose can trigger IRS penalties or even loss of taxexempt statuses. And for Jake Hoffman personally, if these payments are found to be in excess benefit transactions under IRS ruling, he could face a 25% excise tax on the amount. And if he doesn't return it, that jumps to 225%. About those pardons, in April of 2024, an Arizona grand jury indicted Jake Hoffman, Tyler Boyer, and nine others for signing fraudulent documents claiming to be Arizona's presidential electors when Biden had actually won the state. In November of 2025, Trump pardoned all of them along with 77 other people who were involved in efforts to overturn the 2020 election. This is not a bipartisan issue here. I'm not taking left or right or blue or green. I don't give I don't care. All right? This is about fraud. This is about lying. This is about people taking money. Now we've seen what's happening in Minnesota. It's time to start digging into the organizations taking money from individuals like you and me. But the pardon only covers federal charges. A spokesperson for Arizona Attorney General, a spokesperson for Arizona Attorney General Chris Maize said the pardon will have no impact on the state's case. So that prosecution state side is still active. So you've got all kinds of stuff happening with Jake Hoffman and millions flowing to this UPS mailbox that Zach had brought up in his Wolves of Finance video. Why is Turning Point USA paying this guy so much money? He's a fraudster. He's a liar. All right? He's not who he says he is. Let's just leave it at that. So, we have a sitting senator that's facing active criminal charges whose company has received $7 million from Turning Point after one of these companies was banned from running a troll farm and the nonprofit kept paying him. Anyways, let's talk about Tyler Ber because he connects everything. In March 2025, Phoenix New Times published an article about Turning Point's lawsuit trying to block a warrant for Ber's emails in the fake elector case. The article included this quote from Boyer describing himself the guy that basically runs everything. He's the CEO COO of Turning Point Action. He's been COO of Turning Point USA. He's an RNC committeeman for Arizona and he's a chairman of the board at a company called Super Feed Technologies. and he was one of Arizona's fake electors. Let me tell you about his financial trajectory because it's absolutely remarkable and I hope that one day all of us have this opportunity. In 2011, Tyler Boyer lost two condos to foreclosure during a divorce. He had his wages garnished after a homeowners association sued him for thousands of dollars and unpaid fees. That was his financial situation less than maybe a decade ago, a little over a decade ago. So in 2021, he purchased a $1.95 million urban farm in Mesa, Arizona. The down payment was $650,000. So 10 years later, he's buying homes with 30% down in the multi-million dollar range. He also has a 2020 Tai Ski Bet registered under his wife's name that sells up to $200,000 on the used market. So what happened between 2011 and 2021? Turning point happened. The form 9990 part 7 compensation table shows Ber has received $98,126 in 2018, 327,000 and change in 2020, 280,000 in 2021, 278,000 in 2022, 79,000 in 2023, 337,000 in 2024, and in grand total that's $1.4 million in disclosed compensation. Look at how those numbers actually stack up. Does your salary fluctuate up and down like that? Does it ever drop from over 300K to under 80K and then jump back up? That pattern raises questions about how compensation is being allocated across different entities. And here's why that matters. When someone's compensation jumps around like that across multiple related organizations, it can indicate compensation shifting. money moves from one entity to another to obscure the total amount being paid to an individual or to take an advantage over different reporting requirements. If Boyer is receiving $337,000 from Turning Point entity one in a year when he's receiving $79,000 from another, the question is what's the total? And is that total being clearly disclosed so donors and regulators can evaluate whether it's even reasonable? For donors, you might be giving to multiple turning point entities, thinking you're supporting different programs, but if it's the same person getting paid by all of them, your donations are going to the same pocket through different doors. Compensation for nonprofit executives is supposed to be reasonable. But reasonable compared to what exactly? If the compensation is split across multiple entities in ways that make the total hard to calculate, how can anyone determine if it's actually reasonable? Now, let me tell you about his company that he's on the board of and CEO of, Superfeed Technologies, because this is where the conflict of interest actually becomes explicit. Superfeed Technologies makes political applications. Their main product is called Early Vote Action, which is designed to help conservative volunteers contact voters. This app collects voter data, including contact information, location data, and political preferences. The App Store privacy disclosure says that the data may be used to track you across apps and websites owned by various other companies. Tyler Ber is the chairman of Super Feed's board and Turning Point is one of Super Feed's biggest clients. Now, where it gets explicit is that a TPUSA spokesman told reporters that Turning Point gets a discount on Super Feed services in exchange for Boyer's board service. So, let me repeat that. The nonprofit gets a discount in exchange for its COO serving on the vendor's board. That is the definition of quidd proquo in exchange for buyer's board service. They just admitted it to a reporter and nobody's picked that up. In 2022, Super Feed's authority to do business in Arizona was revoked completely. The company was employing Carrie Lake and Jeff Dwit at the time and a company that couldn't maintain its basic business license was getting paid to run voter data operations. And then another board member is definitely worth mentioning, Lorie Frony. She sits on Super Feed's board. She's Charlie Kirk's mother-in-law. So you have Kirk's mother-in-law and Kirk's COO both sitting on the board of a vendor that gets paid by Kirk's nonprofit. See, the problem with that is that in nonprofit governance, independence actually matters. When a nonprofit pays a vendor, there should be someone checking that the vendor is providing real value at a fair price. That's how you protect donor money. But who's checking Superfeed? Tyler Boyer is on Super Feed's board. He benefits when Super Feed gets contracts. Lorie Francy is on Super Feed's board. She's Charlie Kirk's mother-in-law. She's not going to challenge payments to a company that benefits her family. And neither is Charlie Kirk. The people who should be asking, "Is this a good deal for the nonprofit?" are the very same people who actually benefit the most. That is not oversight. That's The spokesman quote makes it even worse. They admitted Turning Point gets a discount in exchange for Boyer's board service. Again, that's quid proquo. You know about that if you've ever worked a job. You're always taught about quidd proquo in all these freaking organizations and companies and all these HR meetings and stuff. The COO's position on the vendor's board is part of the compensation arrangement. That's exactly the kind of insider dealing that nonprofit law is designed to prevent. And for donors, your money is going to a company where people are approving the payments that have financial personal interest in those payments being approved. It's a conflict of interest. For Ber personally, sitting on a vendor's board while approving payments to that vendor is a textbook conflict of interest. If the IRS determines he received excess benefits through this arrangement, he faces personal liability. Now, we're going to talk about fundraising because this is where the biggest dollars show up. When a nonprofit hires professional fundraisers, they have to disclose it on a schedule G of their form 9990. Turning Point schedule G filings showed two companies appearing repeatedly, which is Cloverstone Ventures LLC and Lion Rock Ventures. Across the filings I've reviewed, Cloverstone Ventures received $3.7 million and Lion Rock Ventures has received over $1.5 million, which is a combined total of 5.296 million altogether. There's also one other company. I'm not going to get into that because I didn't have a chance to look into the third company, but I'm pretty sure if you find the right information, there is another third company. Over $5 million in fundraising fees to her companies. Here's the issue is that the filings indicate that the person connected to these companies, which is Stacy Sheridan, also appears on the form 9990 as a key employee of Turning Point USA. Let me make sure you understand what I mean exactly. Stacey Sheridan is an employee on the payroll of Turning Point USA getting a salary and at the very same time she's running and owns companies connected to her which are receiving over $5 million from the very same organization that's already paying her. She's getting paid twice. Once as an employee, once through her companies, from a nonprofit, from donor money. I'm going to put this into more perspective. The American Red Cross is one of the largest multi-billion dollar charities in America and they spend about 4% of its total budget on fundraising. I think it's $3 billion is what Red Cross is doing annually. Something like this. So they spend 4% on fundraising. Industry standard for well-run charities is typically under 15%. Stacy Sheridan's companies received $5.3 million in fundraising fees on top of her salary. That's not 4%. That's not even close to normal. So, here's why this is a problem. When you donate to a nonprofit, you expect most of your money to go toward the mission, not to enrich employees or their side businesses. It's the mission. And I think that Turning Point USA might have forgotten that, or at least the people inside of it. If Stacy Sheridan is a key employee making decisions about fundraising and her own companies are getting paid millions of dollars through fundraising services, who's checking that those services are worth what they're charging? Who's making sure that not the nonprofits not overpaying? And who's comparing prices to other vendors? And if Sheridan has any influence over the decision to her own companies, wouldn't that be selfdealing? It doesn't matter if the work gets done. What matters is whether the nonprofit is getting fair value and whether there's a conflict of interest with someone independent not verifying this information. For donors, that means that your charitable contribution might be enriching an employee twice over. Once through her salary and once through her companies. That's not what you paid for. For taxpayers, remember that the fundraising fees reduce the amount that goes to the charitable mission. That means that they can't go to the school that they maybe were going to go to or multiple or go to and book this event that they were going to pay X amount to. Millions of dollars are being spread out amongst certain few selected people and companies. If TPUSA is self-deing by key employees that can result in intermediate sanctions under IRC 4958 and the organization could face penalties and the individuals involved could face personal excise taxes. Now for Sheridan personally, if these payments are determined to be an excess benefit transactions, she could owe 25% of the excess amount and if not corrected, it becomes 225%. I'm not saying that this is illegal, but what I am saying is that when an outside company receives millions from their employer and it's the same person that works inside that company and the organization, there are a standard nonprofit compliance questions that need to be asked. Was the relationship properly disclosed? Was the employee recused from decisions about her payments to own companies? Was fair market value, and this is the most important part, was fair market value legitimately documented? And were independent board members the ones approving these transactions or not? Those are the questions the IRS expects organizations to be able to legitimately answer. The fair market value is important and what these services are being paid for as well as the conflict of interest. If you're working on a board and you're working for the company getting paid for a nonprofit organization, that is for the most part illegal to my knowledge. Now, the founder, Charlie Kirk, there are some numbers that are worrisome only because he had a LLC called GGLF. In my previous video, we documented it and talked about it. But I also found another loan for $7,500 in 2018. I detailed in my last video. I don't want to harp on it too much because I would like to talk about it later, but that brings his total income to $1.8 million, nearly $2 million. I'm not saying founders can't be paid, but nonprofits pay competitive salaries, and that's why it keeps it legitimate. But when you start combining direct compensation with life insurance structure with the Wyoming LLC structure that was dissolved and then reinstated by Charleston tax attorneys at 12:07 a.m. with a relation back clause, the pattern starts to look something other than standard nonprofit management. And with the life insurance structure, the issue is that a split dollar insurance means the nonprofit is paying the premiums on a policy that benefits the founders's family. So, the 350,000 shown on schedule L represents the nonprofit's economic interest in that arrangement. But who benefits from Charlie Kirk's death? If the benefit goes primarily to his family rather than back to the nonprofit, then donor money was used to fund a personal life insurance policy, and that's private benefit, private endurement. The Wyoming LLC adds another layer. Why does it dissolve and then reinstate with a relation back clause? Legitimate business structures don't typically get dissolved over a $60 non-payment and then frantically reinstate in the middle of the night. That pattern suggests that someone was trying to preserve something that would otherwise be lost. For donors, if your charitable contribution is funding life insurance that benefits the founders's family, that's not what you gave money for. That's not a donation that you were trying to use for good cause cuz they gave that money $350,000 as a loan. And as of 2025, that loan was never paid. For taxpayers, we're subsidizing this through tax exemption. If nonprofit funds are providing private benefits to insiders, were literally subsidizing their private benefits. Now, there's another entity that I need to mention. It's called Olympic Media LLC. And here's my question. Well, let's start with schedule G fundraising disclosures for Olympic Media. They've received $4 million. And the question is, who owns Olympic Media? Because I've searched the public filings and I can't find the exact answer to that. $4 million went to a company whose ownership isn't disclosed in the documents that I've been able to access. And here's why that matters. When a nonprofit pays a vendor, there should be documentation of who owns that vendor. Because if the vendor is owned by an insider, that's a related party transaction and requires special scrutiny and disclosure. If Olympic media is owned by someone connecting to TurningPoint leadership, that's another $4 million in potential self-deing and it should be disclosed on a schedule L. And if it's not disclosed, that's a reporting violation. If Olympic media is owned by someone unconnected to Turning Point, then why is the ownership so hard to find? Legitimate businesses don't typically hide their ownership for donors. You gave $4 million to a company that you can't find out who it is, and that's a transparency problem. Now, maybe there's information I haven't found. It's been a lot of time and paperwork to go through. So, forgive me if I haven't found everything on that front. But, if you gave money to this nonprofit, wouldn't you want this to be easy to find? $4 million is a lot of money, especially for at the time an $80 million organization. So, how does all of this happen? How do you move $20 million through a network like this without raising some red flags? You need the right CFO. Justin Olsen, the chief financial officer of Turning Point USA, managing $80 million annually budgeted as one of the largest political nonprofits in America. And Justin Olsen is not a CPA. He's not an accountant. He's not a licensed CPA. Let that sink in. Dude is responsible for for financial oversight of an $80 million nonprofit and he's not a certified public accountant. He has an MBA in finance, but that's not the same thing. A CPA license requires passing rigorous four-part exams and meeting educational requirements and maintaining continuous professional education. It's the standard credential for anyone overseeing complex nonprofit finances. It's not required for this position, but it's highly recommended because stuff like this could easily slide right under the rug and nobody would bat an eye or ask any questions. Obviously, he's also a currently an Arizona State Representative. Before that, he served on the Arizona Corporation Commission, which regulates utilities in the state, and his record tells you everything you need to know about this approach to his oversight. In 2018, while Olsen was a commissioner, he gave a phone interview to a Wall Street analyst about Arizona energy policy. And before the call, the analyst sent Olsen a list of questions. Olsen forwarded those questions to lobbyists at Arizona Public Service, the utility he was supposed to be regulating, and asked for insights. The APS lobbyist sent back a five-page memo titled Commissioner Olsen's background questions. Draft responses for your consideration and editing. During the interview, Olsen read portions of the memo verbatim. The APS memo said that Palo Verde is the largest carbon-f free energy generating plant in the country and the only resource in Arizona that provides continuous carbon-f free energy day in and day out every day. Olsson said on the call, "It's actually the largest carbon-f free generating plant in the country, which provides continuous carbon-f free energy day in and day out, every day." Word for word, he read utility talking points as his own analysis. Remember, it says that it was for his consideration and review, but then he goes and reads it word for word. The only reason you do that is because you don't know the actual information that you need. If you're reading somebody else's analysis that was for your consideration, that means that this person is a flagrant example of a regulatory capture. Okay, this is the person overseeing TPUSA's finances. So, I'm sure if Tyler Boyer put a paper in front of him and said, "Read this." I'm sure he'd have no problem doing it cuz he probably doesn't know anything anyways. A nonCPA who got caught reading utility talking points verbatim while he was supposed to be regulating that utility. That dude, think about that. Reading utilities talking points from the company he's supposed to be regulating the entities regulating. He asked them for those talking points and they sent him for consideration and he just used what they sent him. That is Okay, that is You don't like it's it's like if I were if YouTube were to be investigating me for some video that I made and they're like, "Hey, can you send us all the information that you know about this video and then I send it to them. I make it all nice and pretty and then the CFO or whatever of YouTube goes on YouTube and reads what I sent them word for word." That's what that is. A CFO's job is to be the last line of defense. When payments go out that door, the CFO is supposed to be verified that they're legit, properly documented, and serve the organization's mission solely. That requires serious expertise. Not anybody with an MBA in finance can do that. A CPA license isn't just a credential. It's evidence that someone has the technical knowledge to catch problems. CPAs are trained to identify and selfdealing and to verify fair market value to ensure proper documentation and that's what the license really represents. Justin Olsen doesn't have that training and his record shows that he's not rigorous about independent analysis anyways. So when he was supposed to be regulating utilities, he was reading their talking points as his own analysis. That's not oversight. that is capture for donors. This means that the person responsible for te protecting your money doesn't have the standard credential for the job and has a documented history of failing to maintain independence from the entities he's supposed to be overseeing. You shouldn't be reaching out to these people for oversight. This is just crazy, man. For TPUSA, having a nonCPA oversee $80 million in complex transactions creates high risk. It creates why this video is being made. If problems slip through because the CFO lacked the expertise to catch them, the organization could face serious liability up to being banned from being a nonprofit taxexempt organization. It might be about time to start looking into that. for board members who approved this structure if the IRS determines that payments were improper and the CFO should have caught them. Those board members could face penalties of up to $20,000 per transaction for knowingly approving excess benefit transactions. So, we've seen the money. I've told you the names. Now, let's talk about how this happens because it's not just one transaction. It's repeated transactions year across year across entities across different organizational structures. Every form 990 is signed under penalty of perjury. That signature is a legal addestation that the information is true, correct, and complete. The governance question isn't whether anyone knew about the money moving. Obviously, somebody knew. It's disclosed. The question is what does that process actually look like? Was there a written conflict of interest policy? This is the major thing is the conflict of interest. People getting paid working for inside the corporation of just free money flowing in from donors. Was it actually followed of the the policy that is supposed to be set in place for conflict of interest where their comparability data gathered to establish fair market value and not just giving away free donor money to their own organization to get rich? Were independent board members. is the ones approving or was it actually them themselves? And when you have Tyler Ber on the board of Super Feed and Lorie Frony, Kirk's mother-in-law also on the board. Super Feed is getting paid by Turning Point USA. Who is exactly independent here? How does that make sense? I already did a full video on Baker Tilly. Go watch it. I'll try to put it somewhere up here. This firm that audits Turning Point USA, if you haven't seen what I've said, here's a shorter version. In January of 2025, the public company accounting oversight board fined Baker Tilly half a million dollars for quality control violations. The settlement documents revealed an 83% failure rate in their audit inspections. In May 2025, Catholic Charities sued Baker Tilly, alleging the firm missed $1.7 million in embezzlement over a 10-year period because they had an employee using the company card, buying stuff at the casino and doing all kinds of things on Amazon and using Uber and all this. $1.7 million through a Catholic charity. That person I showed in one of my videos as well. This is the firm that audits Turning Point USA and tells you everything is fine. When a nonprofit waves an audit opinion in your face, they're literally saying, "A professional accounting firm reviewed our books and is saying we're clean." That's supposed to give you 100% confidence. But when that auditor is known for an 83% failure rate, what if they missed $1.7 million in embezzlements at another nonprofit for a decade? What does their clean opinion actually mean to you and your organization or to the donors or to the taxpayer? An audit opinion doesn't mean they're not self-deing. It means the transactions were recorded correctly. The auditor's job is just to verify that the numbers are adding up correctly, not to determine where the payments are going and if they're appropriate under nonprofit law. The auditor doesn't ask, should this insider's company be getting $5 million? They ask, "Was the $5 million recorded properly?" There's steps and there's people and organizations in place for each specific process and reason. A clean audit is not the assurance that you think it is when it comes to donors, especially from a firm with documented quality control failures. Now, I want to show you what happens when organizations like this get caught because this has happened before. And when it happened, people went down. Wayne Laierre ran the National Rifle Association for over 30 years. He was the face of the organization, the guy who built it into a political powerhouse. And in February of 2024, a New York jury found him personally liable for $5.4 million in damages for failing to properly administer charitable funds. What did Wayne LaPierre do, though? He used NRA vendors as a personal piggy bank, and he took yacht vacations in the Bahamas, paid for by vendors who got NRA contracts. He flew to Greece and India on vendors dimes. He approved contracts and extensions worth millions to the same vendors who were giving him personal benefits. The CFO, Wilson Phillips, got hit with $2 million in penalties. La Pierre is now banned from serving in any fiduciary role at NRA or its affiliates for over a decade. New York Attorney General Leticia James said, "For for decades, the NRA let self-interested and self-deing insiders run the organization with complete disregard for rule of law. Self-interested, self-deing insiders running the organization. Does that sound familiar to you? Let me draw the parallels. Wayne La Pierre routed money through vendors to benefit himself. Turning Point paid7 million to companies owned by an indicted fake elector who ran a banned troll farm. Wayne La Pierre, he had a CFO who didn't catch the problems. Turning Point has a CFO who isn't even a CPA and got caught reading utility talking points verbatim. Lapierre had board members who approved everything he wanted. Turning Point has board members whose family members sit on the very vendors boards. They use nonprofits to enrich insiders. Wayne used the nonprofit to enrich insiders and himself. And I'm showing you up to $20 million in payments to insiders and insider connected entities. The NRA case involved around $7 million in documented issues. While Wayne Laierre is personally liable for 5.4 million and banned from nonprofit leadership, I'm literally showing you three times that amount, nearing almost 20 million bucks. Could be more. I'm just showing you what I saw. Let me explain what the law actually says because these aren't abstract concepts. These are the legal standards that the IRS uses to evaluate nonprofits. Under IRC501C3, a taxexempt organization cannot allow its net earnings to endure to the benefit of a private individual. That's the foundational rule of this entire rule here. If an organization is operated for private benefit rather than public benefit, it can lose its tax exemption entirely. Private endurement is an absolute prohibition. There's no safe harbor. There's no reasonable amount that makes it okay. If the organization is being used to enrich insiders, it's not entitled to tax exemption. Doesn't matter who signs it. Under IRC 4958, the IRS can impose excise taxes in excess benefit transactions involving disqualified persons. Disqualified persons can include but not limited to officers, uh, directors, key employees, substantial contributors, and family members of those individuals. An excess benefit transaction is one where a disqualified person receives more value than they provide in return. The penalty structure is 25% excise tax on the excess benefit paid by the person who received it. If the transaction isn't corrected, meaning that the benefit isn't returned to the organization, there's an additional 200% tax. Organization managers who knowingly approve the transaction face a 10% up to $20,000 per transaction penalty, which I don't think is enough in my personal opinion. These aren't hypothetical penalties. They're real. They're enforced and they're designed specifically for situations where insiders benefit from nonprofit donor money and taxpayers that they're subsidizing from. So, here's my question. With nearly $20 million in documented payments to insiders and insider connected entities, has anyone from the IRS looked into this? I don't know. It's not public information, but if they haven't, why not? I'm not here to tell you what to think. I'm just here to tell you what. So, now you know. >> [music] >> See the truth in a trust free for some not for you.
