Financial Analyst / Investigator (31:33)
In fact, this has been one of their largest contractors for the last three years. These are all the payments and they total $1,456,261 over the last three years. That's almost $1.5 million. The description they provide is social digital media ad placement. Now there is also an address for this company. So I thought let's take a trip and go check this company out. If Turningpoint is paying them $1.5 million, they must be doing something really great. I am on location in Queen Creek, Arizona. And if you don't know, Queen Creek is a suburb of Phoenix. So I'm at the address that was listed on the 990 form. And this is strange. This is a strip mall. So I'm going to get out. I'm going to take a walk around and see if I can find the business 110 LLC. Okay. I've walked past all the suites, I've checked all the doors. The business 110 LLC as far as I can tell is not here. What is going on? So Turningpoint is putting on their IRS form that they are sending $1.5 million to this parking lot. Well, I'm sitting here in the parking lot. The business is not here as far as I can tell. What is going on. I mean, maybe they didn't think that anyone was going to actually drive out here and check it out. But as far as I can tell, the business is not here. So my question is, do the Turning Point donors know this is how their money is being spent? That turning point is writing on their IRS forms that they're sending $1.5 million to this parking lot. I did some additional checking. Another thing that is strange is that there is no website for 110 LLC. How do you run a business without a website? That's pretty strange. And I thought maybe they moved, maybe there's a different location. But if you look it up on Google Maps, there is no location for 110 LLC. So there's no website, there's no location, there's no. Does this company actually exist? Well, we do have records that it is owned by someone named Jake Hoffman, who is actually the former communications director for Turning Point usa. He is now a Republican state senator in Arizona. Now, just to give you some context, Jake Hoffman is a really powerful person in Arizona, which may be why no one has talked about this before. In his financial disclosure statement, he lists that he is the owner of 110 LLC at the same address in Queen Creek. What is also curious is that on the financial disclosure form, he lists out eight different businesses that are all operating out of that same strip mall. But what is even more strange is that on the financial disclosure form, he actually lists out the suite numbers. He claims that he is operating his business out of suites 105 to 503. Excuse me, that is every suite in the strip mall. How does that make sense? Is he operating out of the grocery store? Is he operating out of Panda Express? Is he operating his business out of the pet dental clinic? Now, if you watch my channel, you can tell that I'm a conservative, but I do not have a problem calling out a Republican if I see something that looks shady. And this is all allegedly. I don't know if anything illegal is happening for sure. Maybe there is an innocent explanation for all of this. I have never met Jake Hoffman, so I cannot speak to whether he's an ethical person or not. All I can speak to is what these people are writing in their financial forms. You have to admit that it looks pretty strange. It looks like TurningPoint is sending $1.5 million to a parking lot to get picked up by a politician. If you remember, Baker Tilly is the accounting firm that did the annual financial audit. So they are the ones that signed off on Turning Point. They gave it a clean audit. They said there's no problems at Turning Point. Well, Baker Tilly, did you look at the largest contract? They're supposed to do an audit procedure to make sure that it's an actual company. Well, I'm sitting here in the parking lot, I'm looking around, and I don't see a company called 110 LLC. So, Baker Tilly, I want to know the specific audit procedure that you did to ensure that this was a legitimate company and not an illegal payment to a politician. In a few weeks, Turningpoint is hosting their biggest event of the year, America Fest. All of your favorite content creators will be showing up in Phoenix, Arizona to give speeches. I wonder if any of these people have a problem with turning point sending $1.5 million to a parking lot. Are any of them going to address in their speech any of the financial concerns at Turning Point? Patrick bet David has one of the largest business podcasts in the world, and he's been a major contributor to America Fest. He is the business guy. Can he explain this to us? I would like to hear Patrick bet David give us some kind of business scenario which explains why TurningPoint would send $1.5 million to a parking lot. Now, I've noticed a lot of comments suggesting that it is inappropriate for me to criticize the finances of TurningPoint USA. Let me explain this for people who may not understand. Turning Point receives a tax subsidy. That is what a 501C3 is. You are paying more in taxes, so that Turning Point is tax exempt. And in general, this is a good thing because we want nonprofits out in the world doing good things, so we give them this tax benefit. But if Turningpoint is not doing good in the world, if they have problems in their financials, if their tax forms are missing, maybe they should not get tax exempt status. The rich and powerful people who run Turning Point are raising hundreds of millions of dollars and they don't have to pay tax on any of it because you watching this video are footing the bill. So every American has the right to ask questions about Turning Point's financials. If you think they look shady, you are absolutely justified in demanding answers. The other thing I mentioned in my last video was missing $8.6 million that was transferred from Turning Point USA to America's Turning Point.