Truth Be Known

This post is from another website discussion board (ffpir.us)

PostPosted: Wed Jan 17, 2007 5:17 am    Post subject: Phelps' Pirg has previous tax violations on record.

For a good time, google Montpirg (for Montana Pirg). Phelps' Pirg has I.R.S. violations on record from 1996-1997. Among the many, their excuse for ommitting some large contributions from their form 990, was that their tax accountant had "run out of room on the form 990." Always the desperate, seemingly dingbat excuses! Greedy makes desparate.

I'm sure that if we all dig, we'll find many, many more. Many violations could be under several different groups' names (re: Phelps groups use many 'alias names' to shroud the fact that the monies that come in to any Phelps group are common monies). How do ya think that Phelps' possession called Green Century Balanced Funds ballooned into at least $$ 2.5 billion dollars? It's probably much, much more.

He far surpasses the old tactic that some of the groups (like Sierra Club) use. They have a very modest amount of stocks in large corporations, so that they may have some voice in the policies/tactics of the corporations.

The amount that Phelps' groups raise (of which about 85% gets invested and played in the stockmarket, namely, Green Century Balanced Funds), is money never spent solving the issues that he markets around for contributions. These stockholdings have become gigantic, and have far surpassed the innocent, 'public interest-oriented' reasons for playing the market with the loot. Now it's mostly for the obsene, private interest of Phelps. Interest and dividends off of that baby must allow one (or two) to live high HOG, huh?!

Again, it's one set of violations found, so far, Montpirg 1996-97. Enjoy.
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