Sunday, December 18, 2005

How corrupt is Bill Frist?

The answer is very:

Senate Majority Leader Bill Frist's AIDS charity paid nearly a half-million dollars in consulting fees to members of his political inner circle, according to tax returns providing the first financial accounting of the presidential hopeful's nonprofit.

The returns for World of Hope Inc., obtained by The Associated Press, also show the charity raised the lion's share of its $4.4 million from just 18 sources. They gave between $97,950 and $267,735 each to help fund Frist's efforts to fight AIDS...

The donors included several corporations with frequent business before Congress, such as insurer Blue Cross/Blue Shield, manufacturer 3M, drug maker Eli Lilly and the Goldman Sachs investment firm.

World of Hope gave $3 million it raised to charitable AIDS causes, such as Africare and evangelical Christian groups with ties to Republicans — Franklin Graham's Samaritan Purse and the Rev. Luis Cortes' Esperanza USA, for example.

The rest of the money went to overhead. That included $456,125 in consulting fees to two firms run by Frist's longtime political fundraiser, Linus Catignani. One is jointly run by Linda Bond, the wife of Sen. Christopher "Kit" Bond, R-Mo.

The charity also hired the law firm of [Frist's lawyer Alex] Vogel's wife, Jill Holtzman Vogel, and Frist's Tennessee accountant, Deborah Kolarich.

Of course, fighting AIDS is a worthy cause and at least Frist is doing something. But that something involves:

-- taking huge sums of money from corporations that have a financial interest in Congressional business and in what he can do for them; and
-- giving huge sums of money to his own friends and associates.

Nice, huh?

And this man is the Senate Majority Leader?

(I've got more on the crooked Frist here and here.)

Bookmark and Share

5 Comments:

Post a Comment

<< Home