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Race Hustling Apparently Doesn’t Pay As Well As It Used To…

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Posted on September 7 2010 8:00 pm
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Some “Summer of recovery.” Al Sharpton is one of America’s most successful shakedown artists and even he can’t pay his bills.

An accounting firm hired by Al Sharpton’s National Action Network found the civil-rights group in such financial disarray that it flunked its record-keeping — and may not even survive, The Post has learned.

…The audit, which was submitted to NAN’s board of directors, warned, “These circumstances create substantial doubt about the organization’s ability to continue.”

KBL said it was “unable to form an opinion” on the accuracy of NAN’s financial figures “because of inadequacies in the organization’s accounting records.”

In 2008, federal prosecutors decided to drop a criminal probe into the finances of Sharpton and NAN. But Sharpton — who also has a lucrative syndicated radio show and a speech-making and consulting business — agreed to pay back more than $2 million in overdue personal and NAN taxes.

The audit said NAN still owed $1.348 million in delinquent city, state and federal taxes and penalties at the end of 2008. The IRS has filed dozens of liens against NAN over the past decade, including one as recently as April of this year.
Last year, the Federal Elections Commission slapped Sharpton with $285,000 fine, in part for illegally using NAN funds to cover the costs of his 2004 presidential campaign.

…Meanwhile, the audit found that NAN was a defendant in five lawsuits:

Continue reading at Right Wing News.

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