From the Daily Caller by Andrew Kerr:
House Oversight Chairman Elijah Cummings’s wife has funneled hundreds of thousands of dollars from her charity to her private for-profit organization, according to a previously undisclosed cost-sharing arrangement that multiple experts said raises red flags.
Maya Rockeymoore Cummings’s charity, the Center for Global Policy Solutions (CGPS), paid her for-profit venture, Global Policy Solutions LLC, over $250,000 in “management fees” between 2013 and 2015, according to the charity’s audited financial statements covering those years. The management fees were paid in addition to a cost-sharing agreement where the charity pays for its share of equipment, personnel and other expenditures.
Rockeymoore Cummings’s charity is funded by companies with interests before her husband’s congressional committee, according to the Washington Examiner.
“It’s self-dealing. It’s taking the charity’s resources and turning them into personal profits,” National Legal and Policy Center (NLPC) investigator Tom Anderson told The Daily Caller News Foundation. “IRS law doesn’t allow a charity for this purpose. This isn’t for the public interest, this is for her personal interest. You can’t do that.”
Cummings, a Maryland Democrat, listed his wife’s LLC on his most recent financial disclosure reports as an asset worth between $250,001 and $500,000.