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Rumor Mill News Reading Room, Current Archive

Chairman Elijah Cummings Wife Funneled Money From Charity To For-Profit Company, Financials Reveal

Posted By: RumorMail
Date: Wednesday, 13-Jan-2021 05:52:37
www.rumormill.news/125320

In Response To: Sara Carter: "Barr Advises Trump To Invoke Executive Privilege As Cummings Plans Contempt Vote" (hobie)

It's OK though.. She learned for to bi-pass laws from here mentors, The Clintons (Clinton Foundation)..

************************

The wife of House Oversight Chairman Elijah Cummings funneled hundreds of thousands of dollars from her charity into her for-profit organization, potentially deriving an "illegal private benefit" for the Washington power couple, reports the Daily Caller's Andrew Kerr.

The previously undisclosed cost-sharing arrangement between the two entities controlled by Maya Rockeymoore Cummings was detailed in audited statements obtained by Kerr.

Maya Rockeymoore Cummings’s charity, the Center for Global Policy Solutions (CGPS), paid her for-profit venture, Global Policy Solutions LLC, over $250,000 in “management fees” between 2013 and 2015, according to the charity’s audited financial statements covering those years. The management fees were paid in addition to a cost-sharing agreement where the charity pays for its share of equipment, personnel and other expenditures. -Daily Caller

"It’s self-dealing. It’s taking the charity’s resources and turning them into personal profits," according to Tom Anderson in a statement to the Caller. Anderson is an investigator with the National Legal and Policy Center (NPLC), who added "IRS law doesn’t allow a charity for this purpose. This isn’t for the public interest, this is for her personal interest. You can’t do that."

What's more, according to a May 20 report in the Washington Examiner, companies which fund Cummings's charity have interests before her husband's Congressional committee.

The NPLC filed a complaint with the IRS in May, claiming that Rockeymoore Cummings's charity and LLC are potentially being used by companies to buy favorable treatment with Cummings.

"The problem is there are millions of dollars coming into these entities from corporations and special interests with business before Elijah Cummings, and any time you have that, every rule has to be followed or else it opens the door for massive corruption," said Anderson in a previous statement to the Caller.

Others have questioned why Rockeymoore Cummings's private company is charging a 5% management fee to her charity on top of an existing cost-sharing agreement.

Charity Watch President Daniel Borochoff said the funds flowing from Rockeymoore Cummings’s charity from the 5% management fee is problematic given her husband’s regulatory authority over the business interests funding her charity.

“That connection could be made,” Borochoff said. “All the more reason to get rid of that 5% arrangement.”

“My advice to them: get rid of the percentage arrangement and pay the LLC for whatever work its performing, but also to do whatever it can to separate the for-profit from the nonprofit,” he added. -Daily Caller

And while cost-sharing agreements between charities and other entities may be common, according to Chicago attorney Sally Wagenmaker, the management fee Cummings is charging her own charity "raises a potential red flag."

Read More



RMN is an RA production.

Articles In This Thread

Sara Carter: "Barr Advises Trump To Invoke Executive Privilege As Cummings Plans Contempt Vote"
hobie -- Wednesday, 13-Jan-2021 05:52:37
Chairman Elijah Cummings Wife Funneled Money From Charity To For-Profit Company, Financials Reveal
RumorMail -- Wednesday, 13-Jan-2021 05:52:37

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AN EXPLANATION OF THE FACTIONS