Breaking News:Smoking Gun Reporting That Wyclef Has Been Pocketing Charity Money Intended For Haiti

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 01-15-2010, 03:09 PM         #1
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Michael_Moore 
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Breaking News:Smoking Gun Reporting That Wyclef Has Been Pocketing Charity Money Intended For Haiti
 

 
aiti earthquake aid pours into group that has enriched singer

JANUARY 14--The Haiti earthquake has already triggered hundreds of thousands of donations to musician Wyclef Jean's charitable foundation, which expects to raise upwards of $1 million a day in the disaster's wake.

However, Internal Revenue Service records show the group has a lackluster history of accounting for its finances, and that the organization has paid the performer and his business partner at least $410,000 for rent, production services, and Jean's appearance at a benefit concert. Though the Wyclef Jean Foundation, which does business as Yele Haiti Foundation, was incorporated 12 years ago--and has been active since that time--the group only first filed tax returns in August 2009.

That month, the foundation provided the IRS with returns covering calendar years 2005, 2006, and 2007--the only periods for which it has publicly provided a glimpse at its financial affairs. In 2006, Jean's charity reported contributions of $1 million, the bulk of which came from People magazine in exchange for the first photos of a pregnant Angelina Jolie (the actress reportedly directed that the publication's payment go to Jean's charity, not her personally). As seen on the following pages from the foundation's 2006 tax return, the group paid $31,200 in rent to Platinum Sound, a Manhattan recording studio owned by Jean and Jerry Duplessis, who, like Jean, is a foundation board member. A $31,200 rent payment was also made in 2007 to Platinum Sound.

The rent, tax returns a.ssure, "is priced below market value." The recording studio also was paid $100,000 in 2006 for the "musical performance services of Wyclef Jean at a benefit concert." That six-figure payout, the tax return noted, "was substantially less than market value." The return, of course, does not address why Jean needed to be paid to perform at his own charity's fundraiser. But the largest 2006 payout--a whopping $250,000--went to Telemax, S.A., a for-profit Haiti company in which Jean and Duplessis were said to "own a controlling interest."

The money covered "pre-purchased...TV airtime and production services" that were part of the foundation's "outreach efforts" in Haiti. No further description of these services was offered, though the return claimed that "the fees paid are below market" and that the use of Telemax was the "most efficient way of providing these services." The group's tax returns also report "consultant" payments totaling $300,000 between 2005-2007, while the 2006 return reported nearly $225,000 in "promotion and PR" costs. These expenses are not itemized further in the IRS returns. (6 pages) .


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 Wyclef Jean Charity's Funny Money - January 14, 2010


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175 comments for "Breaking News:Smoking Gun Reporting That Wyclef Has Been Pocketing Charity Money Intended For Haiti"

 01-15-2010, 03:13 PM         #2
ass_in_my_eyes  OP
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 8 years ago '98        #3
ronnie|A 10 heat pts10
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$30,195 | Props total: 3597 3597
oh damn....
 8 years ago '07        #4
tacuna 320 12 heat pts12
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$4,125 | Props total: 1350 1350
Nah...
 01-15-2010, 03:15 PM         #5
Michael_Moore  OP
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 01-15-2010, 03:16 PM         #6
deLeet  OP
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thats foul
 01-15-2010, 03:17 PM         #7
currybai  OP
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no surprise, most non profits are for money purposes only
 8 years ago '09        #8
DesertEagle 48 heat pts48
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[Flavor Flav]WOWWWWWWWWWWWWWW[/Flavor Flav]
 8 years ago '04        #9
TVee 1 heat pts
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$2,307 | Props total: 1919 1919
Can't knock the hustle.
 8 years ago '04        #10
TheGreatDane 4 heat pts
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$1,458 | Props total: 367 367
I always had a feeling Wyclef was a snake. f**k that dude...
 8 years ago '05        #11
meepos 21 heat pts21
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my pops donated $20 to his foundation. f**k him if this is true.
 8 years ago '06        #12
Storchaveli 94 heat pts94
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$27,989 | Props total: 4020 4020
Damn, I swear to God yesterday I was thinking "That dude's GOTTA be dirty." No joke. It's tough to find out and verify HOW your donations are being used. Alot of people just donate money and a.ssume it's going to the cause but how can you be sure?
 8 years ago '05        #13
meercy|m 
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pras was jus talkin bout this...lol...
 01-15-2010, 03:21 PM         #14
Galaxy  OP
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Last edited by Galaxy; 01-15-2010 at 06:01 PM..
 8 years ago '09        #15
The Hatchett 
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 tacuna 320 said:
Nah...
man thats what im thinking.

First paragraph says he paid a man for a BENEFIT CONCERT. They prolly paid 10,000 stack or something for a performace, and depending how big it got they could have made 100,000 on the show....

studio time COULD be the same thing... gotta pay to create a charity song that can raise money...

i seen dude today talkin bout how he carrying bodies all day... too early to come through with this... MAYBE later, but not yet..
 8 years ago '08        #16
Main Event 55 heat pts55
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Thats some grimey s**t if thats true
 01-15-2010, 03:26 PM         #17
Galaxy  OP
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'I'll be gone till November'


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Last edited by Galaxy; 01-15-2010 at 03:31 PM..
 8 years ago '04        #18
j0hncena 90 heat pts90
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what a broke f**k
 8 years ago '06        #19
Yung Dilla 1479 heat pts1479
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$54,912 | Props total: 25854 25854
wow this is gonna be huuuuuuuuuuuuuuuuuuuuuuuuuuuuge if it's true he might get black balled out the industry because he made it seem like oh yall gotta help and he been stealing the money cuz he f**ked over all his millions...
 01-15-2010, 03:29 PM         #20
JCWhy83  OP
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grimey s**t right there
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