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Couldn’t this involve the IRS as well?


Yes, you can report it via Form 13909 (https://www.irs.gov/pub/irs-pdf/f13909.pdf).

What would be great is if someone at PIR turned whistleblower. Given the size of the transaction the reward money could be in the millions.


Great thought. Seems a clear case of a nonprofit being used for commercial gain.


Non-profits can operate commercially as long as that business is consistent with their charitable business. I ran a non-profit science fiction magazine. We sold magazines at a profit, or at least tried to. The problem here is that the leadership of PIR transferred their assets in a way that appears to enrich the same.


They can, so long as commercially means operating at a surplus (keeping the profit to use later) rather than distributing profits (giving out the profit).

(Details may be incorrect. IANAL.)




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