$270 million meant for veterans and abused children disappears in massive charity fraud scheme: repo

[Smokin Joe]

$270 million meant for veterans and abused children disappears in massive charity fraud scheme: report

https://thepostmillennial.com/270-million-meant-for-veterans-and-abused-children-vanished-in-massive-charity-fraud-scheme-report?utm_campaign=64466#google_vignette

Former Florida congressman Matt Gaetz is highlighting allegations that roughly $270 million intended for charitable causes, including veterans and abused children, may have been diverted through a complex financial scheme, according to court filings.

Speaking about the case on OAN, Gaetz said the situation centers on a tax consultant who allegedly gained control of a large charity fund and moved the money into entities he controlled. The allegations stem from court records and an ongoing legal dispute involving several foundations.
The individual identified in the filings is Dallas-based tax consultant Mark Eric Patrick, who reportedly served for years as a consultant to a charity fund used by foundations in Dallas, Kansas City, and Santa Barbara. According to the court documents cited by Gaetz, Patrick helped design the financial structures that were supposed to safeguard the funds.
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Gaetz said investigators claim nearly the entire $270 million fund was moved into new entities controlled by Patrick without informing the organizations that owned the money. Instead of withdrawing the funds directly, the filings describe a series of transactions designed to mask the transfers.

More at link.