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mrspanstreppon Profile picture
@mrspanstreppon
Mar 13, 2022 • 15 tweets • 7 min read • Read on X
Scrolly
NY Daily News reporters, @graham_rayman & @rparascandola on Vallelong, Capotosto, Ostermann & Ashton being targets of the FBI investigation into SBA funds stolen from members...
nydailynews.com/new-york/nyc-c…
...The NYDN confirms the $1M+ "allegedly" misappropriated by Ed Mullins came from the Sergeants Benevolent Association Inc. Per the IRS Charity database...
apps.irs.gov/app/eos/detail…
...As a retired CPA/auditor, the notion that Dennis Ostermann, SBA controller & the only officer w a finance degree didn't notice anything amiss seems ridiculous. If he didn't notice anything amiss, he should be fired for incompetence... Image
....OTOH, SBA mouthpiece, Andrew Quinn, is paid handsomely to deny anyone else beside Mullins is targeted. Per the SBA 990 for year ended June 30 2019, his firm was paid $1.3M... Image
...Looking at the Quinn Law Firm site, the SBA is, by far, its biggest client...
quinnlawny.com/our-attorneys
...Financial data extracted from the SBA 990s per a database I subscribe to. 2015 & 2016 are not available. I'd put the data into a standard P&L format but there's only so much I'm doing w/o compensation & its not my money that was ripped off... ImageImage
...SBA balance sheets w/o 2015 & 2016.... Image
...Per the SBA 990 for YE June 30 2019, the SBA had 7 voting members & a TOTAL number of employees of 8. I assume the employees are the 7 trustees & executive assistant listed on the same 990... ImageImage
...Total number of employees, trustee compensation & total compensation expense don't match. There may very well be a reasonable explanation but I don't know what it is... ImageImage
...Per the NYDN, the SBA uses QuickBooks accounting software. I can't emphasize this enough - Capotosto may have signed Mullins' expense reimbursement checks but it was Ostermann who cut the checks...
...I reviewed expenses below the compensation line as reported on the SBA Inc (EIN 13-6121923) 990s for YE June 30 2014, 2017, 2018 & 2019 & they are all over the map...🚩🚩🚩 ImageImageImageImage
...Names of trustee & 990 preparer who signed the SBA Inc (EIN 13-6121923) 990s for for YE June 30 2014, 2017, 2018 & 2019... ImageImageImageImage
...Note the dates the 990s were signed & the due dates per the IRS. I don't have the SBA 990s for fiscal 2015 & 2016 but I do have the Widows & Childrens Fund 990s for those years & they were signed in 2018... ImageImage
...Analytic review is a standard auditing procedure which compares account balances from one period to another which is why the SBA may have reclassified so many expense line items from year to year...
...Time out to prepare an illustration of what I mean...

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More from @mrspanstreppon

mrspanstreppon Profile picture
Sep 3
I want to walk thru what happened late last night re the secret Frum fundraiser for Trump, scheduled to be held at Trump Tower on Sept 5. At 1 pm yesterday, @TheBelaaz posted about the fundraiser...
At 8:30 last night, Sheya Landa tweeted that Team Trump told him to keep the fundraiser secret & was upset about the Belaaz News scoop. Landa is an advisor to Nassau County Exec Bruce Blakeman & his father, Ben, was slated to attend... Image
Three minutes later, Sheya Landa tweeted that the fundraiser was cancelled. At 11 pm, Belaaz News confirmed the event was cancelled...
Read 9 tweets
mrspanstreppon Profile picture
Sep 1
Speaking of Chicago, who is Onisim "Nick" Dorfneau & why he is on the board of Trump Org?
Image
Image
Per LinkedIn, Onisim Dorneau has an educational background in computer forensics, criminal justice & policing, nuclear power technician & counterterrorism training... Image
Onisim Dorneau apparently is one of three founders of Moogle Pharma, a Romanian company registered in 2020 that aims "to become one of the main international distributors of medicines"...
mooglepharma.com/#home
Read 7 tweets
mrspanstreppon Profile picture
Aug 31
Congrats @DanFoganholi on yr appointment by Gov DeSantis to the State Board of Ed. Re yr position w New Generations Children’s Ministry - its IRS tax exempt status was revoked after filing a single 990-N in 2014.... Image
The New Generations Children’s Ministry website is now inactive. Per the internet archive, it looks the website was reactivated in 2022 after being inactive for several years... Image
Per Gov DeSantis' press release, you also are the Director of Strategic Partnerships for the Brazilian American Coalition which, according to , hasn't existed since Sept 2023 & never filed for a FEIN.... sunbiz.orgImage
Image
Read 5 tweets
mrspanstreppon Profile picture
Aug 20
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... Image
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).... Image
Read 7 tweets
mrspanstreppon Profile picture
Jul 29
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: Image
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…
Image
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…
Image
Read 4 tweets
mrspanstreppon Profile picture
Jul 7
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)... Image
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....
Read 5 tweets

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