Private Equity CEO, Robert Smith, Commits Tax Fraud – Department of Justice

Robert F. Smith, the Chairman and Chief Executive Officer of a San Francisco based private equity company, entered into a Non-Prosecution Agreement (the agreement) with the Department of Justice, for his involvement from 2000 through 2015 in an illegal scheme to conceal income and evade millions in taxes by using an offshore trust structure and offshore bank accounts, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Tax Division, U.S. Attorney David L. Anderson for the Northern District of California, and Chief of Internal Revenue Service (IRS) Criminal Investigation Jim Lee. In that agreement, Smith admits his involvement in the illegal scheme and agrees to cooperate with ongoing investigations and to pay back taxes and penalties in full. “It is never too late to do the right thing,” said U.S. Attorney Anderson. “It is never too late to tell the truth. Smith committed serious crimes, but he also agreed to cooperate. Smith’s agreement to cooperate has put him on a path away from indictment.”

From The Hill:

Robert Smith, the billionaire who went viral last year for paying off the debt of students at Morehouse College, admitted to an illegal scheme to conceal income and evade taxes by using offshore trusts and bank accounts for 15 years.

Source: Private Equity CEO Enters into Non-prosecution Agreement on International Tax Fraud Scheme and Agrees to Pay $139 Million, to Abandon $182 Million in Charitable Contribution Deductions, and to Cooperate with Government Investigations | OPA | Department of Justice

Trump administration rejects, then approves, emergency aid for California fires, including biggest blaze in state history – The Washington Post

Trump administration rejects, then approves, emergency aid for California fires, including biggest blaze in state history - The Washington Post 2SANTA BARBARA, Calif. — Fueled by extreme heat and dry, windy conditions, wildfires ravaged California in September, blazing through almost 1.9 million acres, destroying nearly 1,000 homes and killing at least three people. One wildfire, the Creek Fire, became the largest single inferno in California history and grew so fierce it spun up fire tornadoes with 125 mph winds.

On Friday, the request for federal assistance to help pay for the recovery from a half dozen of those fires spun up a tornado of its own. Like the proverbial tempest, the storm over the money had been contained in a tea pot by the day’s end.

The day began with news that the Trump administration had refused to grant California’s emergency declaration that would make hundreds of millions of dollars in federal funding available for areas devastated by the Creek Fire and five others. Federal officials said the most recent application did not meet the criteria for federal relief.

Source: Trump administration rejects, then approves, emergency aid for California fires, including biggest blaze in state history – The Washington Post

Fox News Owner Rupert Murdoch Predicts a Landslide Win for Biden

Fox News Owner Rupert Murdoch Predicts a Landslide Win for Biden 3President Trump’s influential supporter Rupert Murdoch is telling close associates he believes Joe Biden will win the election in a landslide.

The Australian-born billionaire is disgusted by Trump’s handling of COVID-19, remarking that the president is his own worst enemy, that he is not listening to advice about how best to handle the pandemic, and that he’s creating a never-ending crisis for his administration, according to three people who have spoken with Murdoch.

Source: Fox News Owner Rupert Murdoch Predicts a Landslide Win for Biden

Donald Trump, Rudy Giuliani and Rupert Murdoch’s Dubious Hunter Biden ‘October Surprise’ Reeks of Desperation

Donald Trump, Rudy Giuliani and Rupert Murdoch’s Dubious Hunter Biden ‘October Surprise’ Reeks of Desperation 4In 2016, many mainstream media outlets let themselves be used by Donald Trump and his henchmen (Rudy Giuliani, Steve Bannon, Roger Stone, etc.) to amplify nutso Hillary conspiracy stories. It helped put Trump in the White House, where he has violated the Constitution, his oath of office, and common decency pretty much every day since.

So far this time around, the media’s track record has been better. But it’s better because all the conspiracy-mongering has fallen flat. Prosecutor John Durham, who I really thought was going to do Bill Barr’s dirty work and try to rig the election by indicting a number of deep-staters with “ties” to the Obama administration, reportedly won’t issue a report until after the election, which means he has found nothing. And Wednesday morning we learned that another prosecutor set up by Barr to try to gin up a fake scandal has folded up his tent, too. He was investigating the “unmasking” “scandal,” but he too found nothing.

Source: Donald Trump, Rudy Giuliani and Rupert Murdoch’s Dubious Hunter Biden ‘October Surprise’ Reeks of Desperation