After thinking long & hard, I'm revising my theory to suggest everyone involved in the Ed Mullins investigation from the CPA firm to the NYPD to the FBI & the DOJ may have colluded to cover up a shortfall in the SBA Widows & Children's Fund of more than $500k. Here's why...
...The SBA Widows & Children's Fund did not pay $525k in COBRA benefits bet 2017 & 2020 as reported in the 2019 & 2020 990s & the SBA WCF 2019 financial statements. Who on earth would be the recipients?... dol.gov/sites/dolgov/f…
...Fitzsimmons Abrams, the CPA firm that took over the SBA WCF engagement from Sal Armao, the crooked CPA from Howard Beach, is on the list of approved CPA firms issued by the NYC Comptroller... comptroller.nyc.gov/wp-content/upl…
...It doesn't matter what type of opinion Fitzsimmons Abrams rendered on the SBA WCF financial statements or which partners, David Fitzsimmons or Sebastien Hall, signed off on them. They do this for a living & know the SBA WCF didn't pay COBRA benefits... fallpcpa.com
..For some reason, Ed Mullins signed & dated the SBA WCF 2019 & 2020 990s before fiscal year end. While the SBA WCF submitted financials w the 2019 990 to the NYS Charity Bureau, it did not do so in 2020...
...Correction: I made a huge mistake yesterday when I tweeted charges were dropped against Salvatore Armao, the CPA from Howard Beach who the SBA hired some time after Feb 2015...
...When I first came across the case against Sal Armao in Aug 2020, I couldn't find the case in PACER for some reason & assumed charges were dropped but they weren't. Per PACER...
...While Sal Armao was sentenced to 2 years probation w 6 months of home confinement, he did not lose his CPA license & still has a practice today. Doesn't seem right but it is what it is...
...In addition to Sal Armao, the DOJ also charged a staff accountant, Karen Auer, w falsifying union records. Auer pled guilty to a single misdemeanor. This website does a better job than I could outlining the case against Armao & Auer... archive.nlpc.org/tag/karen-auer/
...As far as Sal Armao's client, Rocco Fazzolari, he pled guilty to embezzling more than $1M from a union & was sentenced to three years in prison. When I was a VP of Finance at a mfg company back in the day, the union pulled the same scam... justice.gov/usao-sdny/pr/f…
...Rocco Fazzolari was president of a union based in East Meadow which is adjacent to Levittown on the map. Rocco also fancied himself to be an actor per this LI Business News story.,. libn.com/2019/01/28/lon…
...(The way the scheme worked w the union that repped the employees at my company was the deductible was so high, there weren't many claims. When the union rec'd a $250k rebate from the ins company, officials never bothered to tell the members who were mostly Hispanic)...
...(I also had a run-in w a Teamsters local based in Long Island City over an illegal employee benefits scheme when I worked in Ridgewood on Wyckoff Ave but that's a story for another day)...
...Getting back to Ed Mullins & the SBA, you have to wonder if Sal Armao used Rocco Fazzolari as a reference when Mullins interviewed him for the engagement. "Sal is the best!" 🤣🤣🤣...
...In case you were wondering, Rocco committed the crime & did the time. He was released in Dec 2020 per BOP...
...Reconsidering why the SBA WCF 2015, 2016 & 2017 990s prepared by Sal Armao were all signed in March 2018, Thinking they may have been amended & resubmitted to the IRS after Mullins got word Armao was being investigated...
...The SBA WCF failed to file CHAR500s w the NYS Charity Bureau for the years Sal Armao prepared the 990s. The charity bureau is under the purview of the NYS Attorney General which would have been Eric Schneiderman at the time...
...The SBA WCF may not have submitted the
2014-2018 CHAR500s bc both the 990s & financial statements were req'd which would put the CPA firm on the hook, much like Mazars was w Trump...
..IF the SBA 990s for 2015-2017 were amended, it would indicate (1) there was a problem w the originals & (2) the FBI/DOJ notified the SBA in advance of Armao's arrest to clean up its act...
...IF the FBI/DOJ tipped off Mullins & the SBA board about the Armao/Fazzolari investigation & knew the SBA filed amended returns, it would indicate the Feds knew in 2018 there was a problem w the SBA's finances...
...Enter the CPA firm of Fitzsimmons Abrams. David Fitzsimmons, managing partner, signed the SBA WCF for the year ended 2018. That was also the year there was a line item in Other expenses, Paul Tuozzolo Expense - $300k...
...I'm struggling w the SBA WCF 2018-19 990s & financial statements. I admit to not knowing what a modified cash basis is per the review opinion. Fitzsimmons Abrams is very clear it doesn't know what's in the numbers...
...I'm pressed for time at the moment so I'll just post the income statement, balance sheet & statement of cash flow from the 2018/2019 SBA WCF financials for now...
...SBA WCF 2019 990 schedules of related tax exempt & taxable organizations. Per the FEC, the SBA PAC was never active...
...What exactly is SBA Controller Dennis Ostermann being paid $215k to do? Normally, there is some degree of fiduciary responsibility attached to the title. Ostermann's been w the SBA for 20 years & has an MBA in accounting from Baruch so he's no dope...
...What exactly did Gary DeRosa do as SBA financial secretary from 2002 to 2019? Now he's a disability consultant, police emergency fund trustee, NYC pension fund trustee & recipient of a $10k PPP SBA loan? Seriously?...
..I don't know why a couple of tweets didn't attach to this thread which is becoming unwieldy. First...
Not enough attention has been paid to Santos campaign finance director Lianna Farnesi. After college, she was trained by the Heritage Foundation, worked for the Trump campaign & then Templar Baker where she was assigned to the Santos campaign....
Funny how Elise Stefanik knew right off the bat Farnesi wasn't involved in covering up Santos' malfeasance even though she was intimately involved in the Santos campaign inner workings. Same tel # for this RSVP...
Oh. Lianna Farnesi has been on the NRCC's payroll since Jan 2023. Which means the NRCC, not Elise Stefanik, is paying Farnesi to work on Stefanik's campaign. Also footing her legal bills? (ty @jgmac1106)....
Trump's elaborate plan to keep his romance w Melania secret & apply for the Einstein visa has to be seen in the context of his pre-nup & divorce from Marla Maples. Per NYS Supreme Court:
Per Gabriel Sherman for Vanity Fair, Trump would only have to pay Marla Maples $1M if they separated within five years of their marriage on Dec 20 1993... vanityfair.com/news/2019/06/m…
The whole stupid made up story about meeting Melania for the first time in Sept 1998 could have been avoided if Trump didn't have a giant inflated ego... vanityfair.com/news/2019/01/t…
In a blunt editorial yesterday, Newsday called for Gov Hochul to take over NUMC yesterday & for NUMC Chair Matthew Bruderman to step down. Bruderman, appointed by Bruce Blakeman, bought the chairmanship. (ty @BrockWolf6)...
Matthew Bruderman & his family only began making substantial state & federal donations in 2021, the year Bruce Blakeman ran for Nassau County Executive. Bet 2021 & 2022, those donations totaled $1.25M...
In Feb 2022, one month before Blakeman appointed him NUMC chair, Bruderman held a fundraiser for Lee Zeldinn at his Oyster Bay home that was attended by VP Mike Pence....
7 Nod Hill LLC, 354 Nod Hill LLC & Special Proj LLC were registered in Delaware on June 22 2020 & are directly linked to Steven Bannon & Miles Guo. Given the timing, they may be linked to the Hunter Biden laptop hard drive October Surprise...
Rudy Giuliani's lawyer, Robert Costello, was prob telling the truth when he told Snopes that he received a copy of the HB hard drive in Sept 2020 but as we now know, Steve Bannon had a copy well before then... snopes.com/news/2020/10/1…
Until I read both the federal & state indictments of Steve Bannon, I didn't realize he seized absolute control over WeBuildTheWall's operations in Jan 2019 & was chairman of the WBTW advisory committee...
Bannon's 501c4, Citizens of the American Republic, is labeled "Non-Profit-1" in the fed indictment & "Unindicted Co-Conspirator Entity 1” in the state one. COAR was registered in Dec 2017 & filed a 2018 990...
Until I read the indictments, I also didn't realize Bannon's co-conspirator, Andrew Badolato, was involved w both WBTW & Citizens of the American Republic. Badolato, now 59, is incarcerated in FCI Edgefield & scheduled for release in Oct 2025... cnn.com/2020/08/21/pol…
In the two year period before the 2020 election, Steve Bannon was directly & indirectly involved w three major criminal enterprises. The first was Miles Guo's fraudulent investment scheme. Second was the We Build The Wall scam...
Third is the Epoch Times money laundering scheme. As I noted in a previous thread, Bannon signed on w Weidong "Bill" Guan's production of the film, Red Claws of the Dragon, less than six months before Guan's $67M laundering scheme commenced... cbc.ca/news/politics/…
This September 12 2019 Globe & Mail article about Bannon's involvement in the Red Claws film is very informative. The name of the actual production company is New Realm Studios & NTD (US) owned the distribution rights.... theglobeandmail.com/arts/film/arti…