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Left-Wing Hate Group, ‘The SPLC’, to Lose Big Chunk of $500 Million Shekel Pile to Lawsuits
The let-wing hate machine known as the Southern Poverty Law Center has more than a half-billion dollars in the bank.
In other words, the latest financial data reported in the Washington Free Beacon show, the group doesn’t have much to do with poverty.
But it has a lot to do with smearing people it doesn’t like, which is how it raised the half-billion it has in the bank, about $121 million of which, the Free Beacon reported, is parked in offshore accounts.
Fighting “hate” is a lucrative endeavor.
Details on the $$$
Though SPLC “has not publicly posted its most recent financial statements on its website,” the Free Beacon reported, documents filed with California’s attorney general for 2018 show “reported total assets of $518 million from November 2017 to … Oct. 31, 2018, an increase of $41 million from the $477 million in total assets it reported on its previous year’s tax forms.”
The SPLC’s assets increased despite its total revenue falling by $15 million last year. The SPLC hauled in $136 million in total revenue throughout 2017. This number fell to $121 million in 2018. Its contributions and grants also fell by more than $20 million from 2017 to 2018, from $132 million to $111 million.
Despite the fall in revenue, the SPLC’s vast investment portfolio expanded in 2018, which included a drastic increase in the amount of money it has parked overseas. By the end of 2018, its non-U.S. equity funds rose to $121 million, an uptick of nearly $30 million from the $92 million it had parked in offshore investments throughout 2017.
The Free Beacon “discovered foreign forms from the group that showed a small fraction of its previous transactions to a number of entities located in the Cayman Islands.” The smear group also has “interests in Bermuda and the British Virgin Islands.”
SPLC also “reported $91 million in U.S. public equity funds. Its U.S. and non-U.S. equities include publicly traded stocks of domestic and international corporations. The $92 million the group had tied up in U.S. public equity funds last year was $16 million more than it had the year before.”
Added to that massive portfolio is another “$60 million in private equity funds, or investments in buyouts, venture capital, and distressed companies while another $24 million was in real asset funds, which include investments in real estate and natural resources such as oil, gas, and commodities, according to its forms.”
RICO and Defamation Lawsuits
And it might just come to pass that SPLC needs every penny in that big pile of coins.
The group that lays the “hate” or “racist” label on anyone with whom it disagrees, a label that led to a terror attack at the headquarters of the Family Research Council, faces at least three lawsuits alleging mail fraud, defamation, tortious interference, and violations of the Racketeering Influenced and Corrupt Organizations (RICO) Act.
The plaintiffs are all victims of the SPLC’s capricious labeling of those with whom it disagrees.
The latest plaintiff to file suit against the hard-left smear group is Gavin McInnes, founder of the Proud Boys, a drinking club that SPLC labeled a hate group. McInnes alleges defamation and tortious interference not only because he isn’t a racist, he says, but also because the SPLC’s smear was so thorough that he lost his job, can’t find another, and was “deplatformed” from social media, which prevents him from defending himself effectively. Neighbors have even harassed him and tried to drive McInnes and his family out of their home.
The Center for Immigration Studies sued SPLC in January. CIS accuses SPLC’s top two officials of an “ongoing conspiracy” to defame CIS with the “hate” label. That lawsuit alleges mail fraud and a violation of the RICO Act. By SPLC’s own criteria, the lawsuit argues, CIS is not a hate group.
Another SPLC victim is Glenn K. Allen, a lawyer who worked for Baltimore City until SPLC called him a “neo-Nazi” who had “infiltrated” the city’s legal department. Of course, the city fired him after SPLC leveled the false and defamatory claim. Like McInnes, Allen accuses SPLC of defamation and tortious interference. Like CIS, he alleges mail fraud and RICO violations. The lawsuit also attacks SPLC’s tax-exempt status.
[DONATE to help Glenn Allen take on the $PLC]
To defend that one, SPLC hired a top defamation attorney.
SPLC recently paid more than $3 million to Maajid Nawaz’s Quilliam Foundation after SPLC included them in its “Field Guide to Anti-Muslim Extremists.” That settlement included a humiliating video apology.
Source: The New American
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Our firm dedicates 100% of its efforts and resources to representing individuals and businesses all across the country in high stakes litigation and media sensitive situations. For over three decades, clients have called upon L. Lin Wood, P.C., to represent them in their time of greatest need, whether in a court of law or in the court of public opinion.
We are a dynamic litigation boutique, serving clients in a variety of practice areas as highlighted by the following representative experience:
- lead civil attorney for the late Richard Jewell in all matters arising out of reporting about Mr. Jewell in connection with the 1996 bombing of Centennial Olympic Park in Atlanta
- lead civil attorney in False Claim Act/Whistleblower cases alleging Medicare fraud against DaVita, Inc. in federal court in Atlanta and against Halifax Hospital Medical Center in federal court in Florida
- lead attorney for John and the late Patsy Ramsey and their son in matters relating to the 1996 murder of JonBenét Ramsey in Boulder, Colorado
- lead civil attorney for Jeff Greene in libel litigation against The St. Petersburg Times and The Miami Herald related to Mr. Greene’s 2010 campaign for the Democratic Nomination for the U.S. Senate from Florida
- attorney for Dr. Phil McGraw in connection with false and defamatory articles published by Newsweek, the Daily Beast and the National Enquirer
- attorney for Herman Cain, 2012 candidate for the Republican nomination for President of the United States
- attorney for Sheldon Adelson in defamation litigation in New York and Florida
- lead attorney for the victim in the Colorado civil case against NBA star Kobe Bryant
- lead civil attorney for Beth Holloway, mother of Natalee Holloway
- lead civil attorney for Howard K. Stern, lawyer and companion to the late Anna Nicole Smith in defamation litigation in Texas, Florida and New York
- lead trial counsel for the Estate of Anna Nicole Smith in federal action for misappropriation and theft of estate property
- lead counsel for The Estate of Martin Luther King, Jr., Inc. in connection with claims related to corporate governance
- lead counsel for SunTrust Bank in fiduciary litigation involving Coca Cola heirs
- lead civil attorney for former U.S. Congressman Gary Condit in defamation litigation against Dominick Dunne, American Media and National Enquirer related to false accusations related to Chandra Levy