A top Democrat is in major hot water after allegations of misused funds.
There are reports of “financial irregularities.”
Democrats are terrified by an investigation into their shady liberal charity.
Failed gubernatorial candidate Stacey Abrams’ New Georgia Project is under investigation after a reported half a million dollars is missing.
The Free Beacon reported that in the New Georgia Project’s latest tax filings there is roughly $600,000 in unaccounted-for spending which the group claimed went to the Black Male Initiative however the Black Male Initiative said that they never received the money.
“The New Georgia Project filed its 2021 Form 990 financial disclosure in January, two months after the form was due to the IRS, and three months after the charity’s board chairman fired CEO Nse Ufot, Abrams’s hand-picked leader for the group. In the disclosure, the New Georgia Project reports a $533,846 consulting payment and a $67,500 grant to the Black Male Initiative, an obscure charity run in part by Ufot’s brother, Edima, a former New Georgia Project employee,” the Free Beacon reported.
The Black Male Initiative’s IRS filing said that they collected $0 in consulting income and just $255,000 in contributions from all sources in 2021.
“This is something that the Internal Revenue Service should be interested in,” Alan Dye, a nonprofit attorney, told the Free Beacon, “particularly with the added element of the former officer possibly pocketing the money.”
“Something’s rotten in the state of Denmark,” Dye added.
Founded by Abrams in 2013, the New Georgia Project has raised a combined $54.7 million since 2020.
There are allegedly other problems with the New Georgia Project’s tax filing besides the missing half a million, it’s also strange that the organization paid zero dollars in payroll taxes that year.
“I have no idea how a charity can have 173 paid employees and pay no payroll taxes. It’s just not possible,” said Dye. “I can’t answer that question. There should be no excuse for that.”
“New Georgia Project’s recent tax returns leave so many questions, it’s difficult to know where to even begin trying to understand these important documents,” said Caitlin Sutherland, the executive director of the charity watchdog Americans for Public Trust. “Filing a fraudulent return with the IRS carries hefty penalties, and any evidence of financial malfeasance should be taken seriously.”
Abrams herself has struggled with finances; despite raising over $100 million, her campaign still owed over $1 million to vendors and contractors, Axios reported in December.
Since her election defeat by over 7 points, Abrams has returned to being an activist and recently appeared in Nigeria to monitor their elections.
“I would say that despite a slow start with the [violence]” said Abrams, updating a reporter on the state of the election. “We have seen orderly lines, we have seen long lines, signaling strong enthusiasm. But we’ve also seen a great deal of cooperation and a very peaceful conversation among voters. They want to be heard, and they are willing to stand in line and have patience, because they know that’s their path to progress.”
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