{"id":2056775,"date":"2023-10-05T15:58:02","date_gmt":"2023-10-05T19:58:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-venture-fund-attorneys-order-group-to-prepare-records-for-dc-attorney-general-probe-internal-documents-show\/"},"modified":"2023-10-05T15:59:48","modified_gmt":"2023-10-05T19:59:48","slug":"new-venture-fund-attorneys-order-group-to-prepare-records-for-dc-attorney-general-probe-internal-documents-show","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-venture-fund-attorneys-order-group-to-prepare-records-for-dc-attorney-general-probe-internal-documents-show\/","title":{"rendered":"New Venture Fund Lawyers Instructed to Ready Records for DC Attorney General Investigation, Internal Docs Reveal."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnew-venture-fund-attorneys-order-group-to-prepare-records-for-dc-attorney-general-probe-internal-documents-show%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2056775&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Attorney General Investigates Dark Money Network<\/h2>\n<div>\n<figure><figcaption>\n<h3>D.C. attorney \u2062general Brian \u200cSchwalb (@attorneygeneralbrianschwalb75 YouTube)<\/h3>\n<\/figcaption><\/figure>\n<\/div>\n<div>\n<p>Attorneys for the\u200b New Venture Fund have\u2063 been ordered to preserve records about \u200bits internal operations \u200din\u2062 response to a subpoena \u200bfrom the attorney general of the District of Columbia, according to documents obtained by the <em>Washington Free Beacon<\/em>.<\/p>\n<p>The \u2064investigation is far-reaching, as revealed in a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-investigator-says-home-republicans-have-hunter-bidens-laptop\/\" title=\"GOP Investigator Says Home Republicans Have Hunter Biden\u2019s Laptop\">document preservation request<\/a> sent to New\u2064 Venture \u2063Fund. The attorney general is looking into whether the New Venture Fund and other groups under the \u200dumbrella of \u200bArabella Advisors, a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/philly-da-enjoyed-european-excursion-as-homicides-spiked\/\" title=\"Philly DA Enjoyed European Excursion as Homicides Spiked\">liberal <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dark-money-groups-fund-liberal-push-to-pass-infrastructure-without-republicans\/\" title=\"Dark Money Groups Fund Liberal Push To Pass Infrastructure Without Republicans\">dark money behemoth<\/a><\/a>, are misusing their tax-exempt status\u200c for political purposes. This unexpected scrutiny from \u2062a Democratic attorney general is unprecedented.<\/p>\n<p>If Arabella&#8217;s\u200d funds were stripped of their \u200dnonprofit status, it would be a major blow\u2062 to the dark money behemoth and \u2063disrupt \u200dArabella&#8217;s business model.<\/p>\n<p>The subpoenas, sent on September 22, seek information on \u200cthe finances\u2062 and operations of Arabella\u200c Advisors&#8217; <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hollywood-celebs-rage-in-defeat-after-barrett-confirmation-revolting-disgraceful-unconscionable\/\" title=\"Hollywood Celebs Rage in Defeat After Barrett Confirmation: 'Revolting. Disgraceful. Unconscionable'\">left-wing<\/a> dark money network and all the nonprofit funds under its control, including New Venture Fund.<\/p>\n<p><a title=\"View New Venture Fund Document Preservation Notice Redacted on Scribd\" href=\"https:\/\/www.scribd.com\/document\/675633028\/New-Venture-Fund-Document-Preservation-Notice-Redacted#from_embed\">New Venture Fund Document \u200cPreservation Notice<\/a> by <em><a title=\"View Washington Free Beacon's profile on Scribd\" href=\"https:\/\/www.scribd.com\/publisher\/247263517\/Washington-Free-Beacon#from_embed\">Washington Free \u2062Beacon<\/a><\/em><\/p>\n<p>The New Venture Fund&#8217;s attorneys have also ordered the charity to preserve records related to its former employee Sarah Walker, who claims she\u2062 was wrongfully terminated after exposing the charity&#8217;s illegal direction of partisan political activities. These records include any fund transfers that \u2063could jeopardize the tax-exempt status\u200c of the New Venture Fund and\u200c other associated funds.<\/p>\n<p>New Venture Fund shut down the voting rights group Secure Democracy shortly after Walker&#8217;s allegations \u2062came to light. This move was directly linked to \u200cher claims.<\/p>\n<p>The subpoena, first \u200breported by the <em>Free Beacon<\/em>, adds to Arabella Advisors&#8217; troubles. The firm has faced financial difficulties, including \u200blayoffs and a CEO replacement. Arabella Advisors&#8217; left-wing advocacy groups raised a staggering $3.3 billion in 2020 and\u2063 2021.<\/p>\n<p>The New Venture Fund&#8217;s \u2064attorneys have also requested documents regarding the financial \u200brelationship between the charity and Arabella Advisors, including contracts and records\u2062 of services provided.<\/p>\n<p>In August, a\u200c watchdog group \u2064alleged that\u200c Arabella and its founder, Eric Kessler, deceived the IRS to gain \u200ccontrol \u200dof dark money funds. These funds have paid \u2063the consultancy $230 million in management fees since 2006. The New Venture Fund&#8217;s records could shed light on the purpose of monetary transfers\u200d between Arabella&#8217;s \u200dfunds.<\/p>\n<p>Spokespeople for the New Venture Fund, the Sixteen \u200bThirty Fund, and Arabella Advisors have expressed their willingness to cooperate with the investigation.<\/p>\n<\/div>\n<p> <\/p>\n<h2> How does the\u2063 investigation into Arabella Advisors and its affiliated nonprofits potentially impact the world\u2062 of dark money and political spending?<\/h2>\n<p><span>  Nture Fund&#8217;s Preservation Request.pdf.&#8221; href=&#8221;https:\/\/freebeacon.com\/wp-content\/uploads\/2021\/09\/PDF-DRAFT-DFF-AF-Arabella-Advisors-New-Venture-Fund-AG-Records-Preservation-Request.pdf&#8221; \u2063target=&#8221;_blank&#8221; rel=&#8221;noopener \u2062noreferrer&#8221;>[PDF of preservation request]<\/a><\/p>\n<p>The investigation comes at a time \u2064when dark\u200d money groups have\u200b faced increased scrutiny from both sides of the\u2062 political spectrum. Dark money refers\u200d to \u2063funds used to \u2063influence political campaigns without disclosing \u2062the donors.\u2064 While these groups can operate \u2064legally, they have often\u200c been\u200b criticized for their lack of\u2063 transparency and potential for undue influence in \u200bthe political process.<\/p>\n<p>Arabella Advisors, founded in 2005, has become a\u2063 major player in the world of dark \u2062money. The organization manages\u2063 a network of nonprofits that have funneled hundreds \u2063of millions of dollars into left-wing causes. \u2063With numerous groups under its\u200b umbrella, Arabella Advisors has been able to maximize its influence and \u2062impact in the political arena.<\/p>\n<p>The New Venture Fund, one of the \u2064nonprofits under Arabella Advisors&#8217; control, has been \u2063particularly active in political advocacy. The organization has supported progressive causes such as climate change, gun control, and\u200b healthcare \u2062reform. Its extensive funding network has allowed it to make \u200bsignificant contributions to\u200d campaigns and initiatives across the country.<\/p>\n<p>However, questions have been raised about the \u2063extent to which these nonprofits are engaging in political activity while maintaining their tax-exempt status. Internal documents obtained by the Washington Free Beacon \u2063show that the investigation is focusing\u200b on whether the \u2063New Venture Fund and other Arabella-affiliated \u2064nonprofits are using their tax-exempt status for political \u200cpurposes.<\/p>\n<p>It is\u2064 unclear at this time\u2062 what\u2063 specific actions or activities are being investigated, but the attorney general&#8217;s\u200d subpoena suggests a \u200bcomprehensive examination of the finances and operations of Arabella Advisors and\u200c its affiliated nonprofits. If any wrongdoing is found, it could have\u2064 significant legal and financial consequences for the organization\u200b and\u200d its \u2063donors.<\/p>\n<p>While \u2064the investigation is\u200c still \u2063ongoing, the \u200cscrutiny faced by Arabella Advisors and other dark money groups is indicative \u200bof\u200d a broader push for transparency in\u200d political spending. With increasing concerns about \u200bthe influence of money in politics, many are calling\u2062 for stricter regulations and greater \u200bdisclosure requirements for organizations that engage in political \u200badvocacy.<\/p>\n<p>The outcome \u2064of the \u200cinvestigation \u2063into Arabella Advisors and\u2064 the New Venture Fund could \u2064have far-reaching implications for \u200bthe\u200b world of dark money. If the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-venture-fund-attorneys-order-group-to-prepare-records-for-dc-attorney-general-probe-internal-documents-show\/\" title=\"New Venture Fund Lawyers Instructed to Ready Records for DC Attorney General Investigation, Internal Docs Reveal.\">attorney general finds evidence<\/a> of wrongdoing, it could set \u2063a precedent for\u2062 future investigations\u2063 into similar organizations and potentially lead to greater accountability and transparency\u200b in political spending.<\/p>\n<p>As the investigation continues, it\u200d is important \u2062to remember\u200c that the\u2063 role of the attorney general is to uphold the law and ensure that organizations are operating within the bounds of\u2062 the law. By shining a light \u2063on \u2063potentially questionable practices, investigations like these contribute to a healthier and more transparent political \u200dsystem.<\/p>\n<p>In the case of Arabella Advisors and the New Venture Fund, the attorney\u2062 general&#8217;s investigation could mark a turning point in the fight against dark money and its potential influence on our \u2062democracy.<\/p>\n<\/div>\n<p>**Word count**: 518<\/p>\n","protected":false},"excerpt":{"rendered":"<p>D.C. attorney general Brian Schwalb has instructed the New Venture Fund to retain records regarding its internal operations in response to a subpoena. The investigation, led by the attorney general of the District of Columbia, is extensive. Documents obtained by the Washington Free Beacon confirm this development.<\/p>\n","protected":false},"author":108,"featured_media":2056776,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2056775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2056775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/108"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2056775"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2056775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2056776"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2056775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2056775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2056775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}