Evidence emerges that Jesse Jackson fils is as much of a financial scamster as his old man. This story brings to mind the series of New York Post columns I did on how Jesse Sr. used his non-profits to spread money around, apparently illegally. My columns are hard to find online, but this piece I did for NRO years ago more or less sums up my findings:
As was reported last year by the New York Post, the Chicago dailies, Fox News Channel, and almost nobody else, Jackson threatened to hold up several media mega-mergers on spurious racial grounds. When the companies involved made donations to at least one of his organizations, as well as provided business for his family members, friends, and contributors, Jackson's opposition evaporated.Critics called the Wall Street Project a scheme by Jackson to leverage his moral standing as a civil-rights leader to make those in his inner circle rich. As I reported in my Post column, the tax-exempt CEF quintupled its revenue -- from $2 million in 1998 to $9.7 million in 1999 -- in the same year that Jackson signed off on the corporate mergers, all of which depended on the Federal Communications Commission for approval. The FCC was then headed by Jackson pal William Kennard.
This information was discovered on the CEF's [Citizenship Education Fund, a Jackson front group -- RD] publicly available tax returns, which upon inspection, turned out to have been incompetently executed. Whether there was intention to deceive is a matter of conjecture. There were glaring errors and omissions, including the salaries of CEF's top five paid employees. Under fire, Jackson's accountants tried to plug the gaping holes by filing an amended IRS Form 990 -- and flopped a second time.
Wells Fargo Bank was listed as having made a $200,000 contribution. The bank said it had no record of that. Coors Brewing did not give $25,000 to CEF, as the tax form claimed, but to PUSH For Excellence, another Jackson entity. A $15,000 contribution credited to the New York City Board of Education had actually come from the Securities Industry Association. And so forth.
Jackson's CEF lied to the IRS once, and got caught. They lied a second time, and got caught. And so far, nothing has happened to them. As Bill O'Reilly used to say, "You try that."
I had to go through the federal forms filed by Jackson's people. They were pathetic. Clearly the Jackson people never worried about being audited, and as it turned out, they didn't have to worry. He's Jesse Jackson, and you're not. Republicans were terrified of making an issue of this. The racism accusation thing, as usual. Those Jacksons are something else, I tell you. And nobody will ever lay a hand on them.

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