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Jan 15 - Wyclef pocketing Haiti money

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  • Jan 15 - Wyclef pocketing Haiti money

    Haiti 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 assure, "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.

    Rest of the papers found here
    http://www.thesmokinggun.com/archive...02wyclef1.html



    HEADSHOTS; NIGGA FUCK YO VEST

    www.***********.info

  • #2
    gtfoh... again this is why you're RB biggest clown for posting shit like this.. you're a moron dude

    Comment


    • #3
      Originally posted by ThaFuture View Post
      gtfoh... again this is why you're RB biggest clown for posting shit like this.. you're a moron dude
      Why do you feel like that?
      HEADSHOTS; NIGGA FUCK YO VEST

      www.***********.info

      Comment


      • #4
        lol

        Comment


        • #5
          Haiti lost
          Originally posted by SteWonYou
          sometimes you have to do what you have to do, and that might involve sucking dick
          Originally posted by Temerity
          understood that you don't fuck with Swizz
          Originally posted by Nianco
          Swizz...*Sighs*..I really hate you so much. I just want you to know that.

          Comment


          • #6
            too much to read, what happened?
            ..Watch The Throne

            Comment


            • #7
              i call bullshit...his reputation is on the line
              Think, Act, Make & Spend Money Like A True Business Individual A.K.A. A Baller.

              Business To Bling - The Realest Blog On Creating Wealth

              Gold Plated Executive Gifts

              Comment


              • #8
                o rly?

                http://www.therealestatebloggers.com...o-foreclosure/

                Another day another celebrity foreclosure. Singing star Wyclef Jean, former member of the Fugees and an independent artist, has had his Miami home foreclosed upon. The home, under construction, has a 2.4 million loan due to Home Equity Mortgage Corp.

                With the economic downturn, banks and lenders are not cutting any slack. Even celebrities which lenders in the past would give some leeway to are now being held to a higher standard.

                The $2.4 million waterfront mansion on Pine Tree Drive is now owned by a bank. The house is scheduled to be sold at the Miami-Dade Courthouse next month, along with a handful of liens by the construction crews, who never finished, and more than $100 thousand in unpaid taxes.

                Neighbors were surprised by the news. “I really think he’s a great musician and he’s come a long way and gone through a lot in terms of his history and his life,” said neighbor Sara Poses. “I don’t know what the circumstances are but I feel bad for him.” via cbs4.com
                HEADSHOTS; NIGGA FUCK YO VEST

                www.***********.info

                Comment


                • #9
                  expected something like this to occur

                  Comment


                  • #10
                    not really surprising.. but a dick move nonetheless
                    Everybody sound same; commercialize the game, reminiscing when it wasn’t all business.

                    If Hip Hop should die, we die together.

                    Comment


                    • #11
                      good thing most ppl this side of the ocean are donating through other charity organisations, I suppose
                      ..Friend of the People

                      Comment


                      • #12
                        BusaBusss

                        RT @wyclef: RT @lilmizzairforce: I ALREADY TEXTED 'YELE' TO 501501 SO PLZ EVRY1 D0 UR PART N [email protected] about 2 hours ago from UberTwitter


                        busta must be gettin a cut
                        "Why would I save a world, I no longer have any stake in?"

                        Comment


                        • #13
                          greedy bastard
                          Originally posted by CWCooper810
                          I can be called a "stan" or what not, I even have a backwards E tattooed on my back.

                          Comment


                          • #14
                            I texted yele to 501501 to give 5 bucks. Wyclef better not have taken my money.
                            GOD IS LOVE
                            I LOVE LTW
                            LOST=G.O.A.T.

                            Comment


                            • #15
                              i dont like wyclef, never did. something very off with this dude.
                              "It ends only once, everything before that , is progress"

                              Comment

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