5 ms·

Couldn’t this involve the IRS as well?

• bhickey 7y ago
  Yes, you can report it via Form 13909 (https://www.irs.gov/pub/irs-pdf/f13909.pdf https://www.irs.gov/pub/irs-pdf/f13909.pdf). What would be great is if someone at PIR turned whistleblower. Given the size of the transaction the reward money could be in the millions.
  • et2o 7y ago
    Great thought. Seems a clear case of a nonprofit being used for commercial gain.
    • bhickey 7y ago
      Non-profits can operate commercially as long as that business is consistent with their charitable business. I ran a non-profit science fiction magazine. We sold magazines at a profit, or at least tried to. The problem here is that the leadership of PIR transferred their assets in a way that appears to enrich the same.
      • jlokier 7y ago
        They can, so long as commercially means operating at a surplus (keeping the profit to use later) rather than distributing profits (giving out the profit). (Details may be incorrect. IANAL.)