Hustler Al Sharpton sells his life story rights for $531,000 – to his own charity

5 (100%) 3 votes

From NY Post: The Rev. Al Sharpton has found an eager buyer for the rights to his life story — his own charity.

The National Action Network agreed to pay the activist preacher $531,000 for his “life story rights for a 10-year period,” according to the non-profit’s latest tax filing, which was obtained by The Post.

NAN can apparently turn around and sell those rights to Hollywood or other takers at a profit, but neither the reverend nor the charity would identify what producers are waiting for such Sharpton content.

The document does not indicate when Sharpton, who is president of NAN, gets the cash, which is above and beyond the $244,661 he already pulled down in compensation from the group in 2017. Sharpton also wouldn’t say when the cash would come in.

“What does that have to do with anything?” he said, speaking to The Post Saturday from South Africa, where he is hosting an MSNBC broadcast on the 100th anniversary of Nelson Mandela’s birth.

Sharpton claimed the idea for the deal came from two NAN board members, whom he would not name.

He said they wanted to create a source of revenue for the civil-rights organization after he steps down in about a year. “This way they make a profit from the beginning and all of the revenues,” he said.

Sharpton said he had contracts for two movies, with a third contract in the works. One of these movies is already in production, he claimed. He would not provide details of any of the projects.

He said a play was being shopped around and there were other assets that would generate revenue for NAN, including a recording where James Brown is singing and he’s talking, and video footage of him with Michael Jackson. “You’ve got real property here. You’re not talking about just me as an activist. These are non-related NAN things that are the saleable items,” he said.

Sharpton said that the assets were appraised and the movie deals alone could bring in at least triple to NAN over what it was paying him for the rights. The organization says a private donor put up the money to make the purchase, but did not name the donor.

Nonprofit experts said the transaction could be troubling because NAN — whose mission includes criminal justice reform and police accountability — was doing business with its president.

If NAN paid too much it could run afoul of IRS rules regarding excess benefits given to a nonprofit’s key officials, which might put its tax-exempt status in jeopardy, Marcus Owens, a former IRS official and a partner with the Loeb & Loeb law firm in Washington, DC.

“When I see this kind of thing, it just makes me roll my eyes because there’s so much potential for funny business,” said Linda Sugin, a Fordham University Law School professor and associate dean.

The organization’s tax filing noted that the board’s unnamed “executive committee independently approved” the deal.

But Sugin questioned such how such independence was achieved. “In this case, it’s really difficult because of his role in the organization and just because of his overall influence,” she said.

Daniel Borochoff, the head of Charity Watch, said the transaction would have been “a lot cleaner” if Sharpton sold the rights himself to a production company and then donated any profit in excess of $531,000 to NAN.

The Harlem-based National Action Network, which Sharpton founded in 1991, holds weekly “action rallies” at its House of Justice headquarters and an annual convention that has drawn President Obama as a speaker. The event has been sponsored in the past by large corporations, including Walmart, PepsiCo and Ford.

The nonprofit took in $6.3 million in revenue last year, up from $5.8 million the year before, according to its tax filings. Its years of outstanding taxes were paid off in 2014.

Sharpton, who hosts the “PoliticsNations” show on MSNBC, managed to pay off a chunk of his tax debt to the state and feds in the last year.

He paid $172,112 to the state, but still owes $736,375 in personal income tax and taxes for three of his companies to Albany.

City records show a $1.3 million tax lien to the IRS was satisfied in February, but records show he still has $2.5 million in outstanding federal liens against him and one of his companies. NAN has maintained that Sharpton is paying taxes on an installment plan. The liens don’t reflect partial payments.

DCG

Better than Drudge Report. Check out Whatfinger News, the Internet’s conservative frontpage founded by ex-military!

 

Please follow and like us:
0
 

17 responses to “Hustler Al Sharpton sells his life story rights for $531,000 – to his own charity

  1. Yep, didn’t expect anything better from the old tax dodger. What kind of a break would the hard working white man get on paying his taxes so late and with such easy penalties?
    Any bets his life story doesn’t include when Sharpton was directly responsible in causing the deaths of several innocent workers cause by a fire at Freddie’s Fashion Mary when Sharpton riled up activist?

     
  2. SHARPTONGUE is nothing but a Reverend Con Man, elevated to a cynical SOB., right up there in his court, Jeremiah Wright, Jessie Jackson, Latrine Waters, Loui Farrakhan, last but not least Prince of the Obscure Mustafa Obama

     
  3. It seems to me that the life story of this grifter isn’t even worth TEN CENTS, let alone $531,000! But, then again, there is the ENTERTAINMENT factor.
    A black man I drove years ago said it best: “Oh that Al Sharpton is a funny guy and very well-dressed, but he doesn’t speak for ME,” he said. Touche.

     
  4. Since Sharpton still owes $2.5 million in delinquent federal tax, that ‘s why he sold his life story rights of $531,000 to his own “charity”. If not, the $531,000 would be income, which the IRS would take as repayment. He also gets to claim a “charitable” donation of $531,000.

     
  5. The Morton Downey Show had FBI agent provocateur/snitch Al Shake Down Sharpton on with a genuine Black civil rights activist Roy Innis, who eventually exposes the fraud Sharpton and physically knocks him on his azz

    Al Sharpton knocked on his ass by Roy Innis

     
    • LOL – reminds me of the time I went to a taping of one of his shows when he rebooted it from Chicago, but no fight broke out (to the audience’s disappointment), and the show never aired. He was canceled not long after the taping.

       
    • Just look at that picture above with Obongo. If you ran into these two on the street would you put your hand over your wallet? They look like two “mack daddies” talking about old scams.

       
  6. Al’s life story:

    Al goes to strip joint.

    Picks up matchbook cover in parking lot.

    800 # on back offering reverend credentials for a one-time payment of $25.

    Dials number, sends cash, and a few weeks later becomes instant “reverend.”

    Has been screwing the ignorant ever since.

    Did I forget anything?

     
  7. captain america

    “I am a wonderful human being”, by the self-loving reverend Al Sharpton. $12.99 at your local Book Barn. I would beat the grease right out of his jerri curl if ever I got the chance.

     
  8. I think Al’s gonna try to sell the rights to Netflix for much more $$$$$$$$$.

     
    • If THAT happens,I hope the IRS agents are waiting at the door to collect his back-taxes BEFORE he gets a chance to HIDE the money. `(I believe the IRS operates unconstitutionally,so for me to side with THEM is an extremely rare,one-time-thing. Once they collect in full from Not-so-Sharpton,I hope our President shuts them down. Then,his payment would become public assets and he’d be paying ALL AMERICA back for all he’s done to help screw this Country up.)

       
  9. Al Sharpton and Soros…everytime I see them referred to in public, or a recent photo….I get the same absent-minded thought: Are these crazy, irritating, agitating goons STILL alive? I have to be reminded. And, WHY are they both on the same doomed track…a railroad that leads to NO WHERE for all their life-long efforts? They both outlived any postitive contribution that they MIGHT have MEANT to make to any population on Earth…..and despite influence or money, have devolved into aged old cranks that meddle in a new world in which they have no interest, and no lasting influence, no future. They don’t understand that, devoid of human value to the republic, MONEY means NOTHING. IT is a commodity fast given in political circles…fast used, fast FORGOTTEN, until the NEXT GUY comes along. EVEN their “minions” will turn on them and forget them before they are cold in the ground.

     
  10. Al Sharpton’s Secret Work As a FBI Informant (He’s also a agent provocateur for the cultural Marxists)
    https://www.thesmokinggun.com/documents/investigation/al-sharpton-764312

     
  11. After the Tawana Brawley fraud there ain’t nuthin’ much else to say.

    Title of forthcoming book: “Al Sharpton: My Life as a Dindu Con Man”.

     
  12. I hope they print it on soft 2 ply paper… Al would look good with a bacon strip or skidmark across his face…..

     

Leave a Reply

Your email address will not be published. Required fields are marked *