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Friday, November 1, 2013

Creating Value For Investors

Hello everyone,

I hope you're having a great week so far!

We've talked a lot about Creating Value For Investors and you all know that I'm a big proponent of building up a value proposition with your project BEFORE approaching investors...right?

Well the next obvious question is this - assuming you've put in the work to build up real value in your project/package, what next? Where do you go to find these elusive investors to get the ball rolling?

Luckily there's the online platform Slated, that acts more or less like a matchmaking service between filmmakers and investors. But it's not as easy as you think! You still have to provide a real 'package' to these investors for them entertain getting involved. That's right - there are no shortcuts! 

The Slated platform is so exciting to me though because it acts as that 'missing piece' and assuming you've done the work on your end, there's a vetted pool of investors ready and willing to give your project a look. So of course I had to wrangle the Slated co-founders and have them give us the whole low down on how best to leverage this platform they've created.... and it turned out to be one of the most comprehensive interviews they've given yet.

So sit back and enjoy this week's lesson on Best Practices For Raising Private Equity Financing For Your Film:




How To Best Leverage AFM For Your Film

Today in a few hours I'll be doing a live Pre-Orientation for AFM and Open Q+A so you can ask me any questions you have before the big event kicks off next week. If you can't make it live, don't worry - we'll be recording it all for you.



This seminar is free for all Film Specific members. Not a member yet? No problem! Just go here to get started.



Alright everyone, that's it for today. I hope you have a fabulous day ahead and I'll speak to you again soon...

To your success,
Stacey
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Film Specific LLC., 14431 Ventura Boulevard #615, Sherman Oaks, CA 91423

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Embezzlements, Other Diversions Drain Millions From Nonprofits

News

Posted on October 29, 2013      print        

More than a thousand U.S. nonprofit organizations acknowledged
in public documents filed between 2008 and 2012 that theft, investment
fraud, embezzlement, or other unauthorized uses of funds had resulted
in a diversion of their assets, the Washington Post reports.

An analysis by the Post and GuideStar of organizations that checked
 a box on their Form 990 indicating they had discovered a
"significant diversion" of funds found that just ten of the largest
disclosures involved combined losses potentially totaling more
 than half a billion dollars. The question about diversions was
phased in by the IRS over three years starting in 2008 and
appears only on federal disclosure forms submitted by larger
nonprofits; private foundations and smaller groups submit alternative
 forms or none at all.

The Post also found that nonprofits routinely omitted important
details from their public filings, even though federal disclosure
 instructions direct them to explain the circumstances of such diversions.
Moreover, organizations are only required to report diversions of
 more than $250,000, or those that exceed 5 percent of an
organization's annual gross receipts or total assets, which suggests
 that many more incidents involving smaller amounts likely go unreported.

While investment fraud such as Bernard L. Madoff's Ponzi scheme was
blamed for some of the largest diversions or losses — including
$106 million at Yeshiva University and its affiliates, $26 million at
 New York University, and nearly $7 million at the
Alliance for Excellent Education — many cases involved embezzlement
 by employees. The American Legacy Foundation, for example,
suffered an estimated $3.4 million loss linked to phantom purchases
of computer equipment but waited nearly three years before calling in
 investigators. Youth Service America reported that it discovered a
diversion in 2009 of about $2 million that had been "misappropriated"
by a former employee; Columbia University disclosed in 2011 that it
had been defrauded of $5.2 million in "electronic payments," an incident
 in which a former accounting clerk and three associates were later
 convicted of redirecting $5.7 million meant for a hospital; and the
Louisville-based Woodcock Foundation disclosed that alleged fraud
 by a former chairman drained more than $1 million from its accounts,
 leaving the charity with assets totaling just $8.

According to the Post, a 2012 study by security firm
Marquet International concluded that nonprofits and religious
organizations accounted for one-sixth of major embezzlements
 in the U.S., second only to the financial-services industry. Christopher
T. Marquet, who heads the firm, told the Post that oversight at
nonprofits is often inadequate and that supervisors are too trusting.
 "The control structures in these organizations are much weaker,"
said Marquet.

"It's sadder when it happens to a nonprofit," said the Rev. Raymond
Moreland of the Maryland Bible Society of Baltimore, which was
victimized by a former secretary who falsified checks and misused
credit cards to steal $86,000 from the organization, then concocted
a series of fake audit reports to cover her trail. "You go out of your way
to trust a nonprofit. People give their money and expect integrity,"
said Moreland. "And when the integrity goes out the window, it just hurts
 everybody. It hurts the community, it hurts the organization, everything.
It's just tragic."

As part of the project, the Post has created a searchable public
database of nonprofits that have disclosed diversions.


Flaherty, Mary. Stephens, Joe. “Inside the Hidden World of 
Thefts, Scams and Phantom Purchases at the Nation's Nonprofits.” 
Washington Post 10/26/13.

Primary Subject: Philanthropy and Voluntarism
Location(s): National 

Ethan Nadelmann Drug War Discussion

Dear Supporters,

Please join us for the following drug policy reform events throughout the state!

Screening & Discussion of The House I Live In   

You’re invited to a free screening of the stunning drug war documentary The House I Live In this weekend in Asbury Park.  The House I Live In tells the stories of individuals on all sides of America’s war on drugs. From the people who sell drugs to the narcotics officer who busts them, from the people who are incarcerated to the federal judge who locks them up, the film offers a penetrating look inside America’s criminal justice system and reveals the profound human rights implications of U.S. drug policies.

Drug Policy Alliance has partnered with Mayor Campbell of the City of Asbury Park to host the following three events:
                                                                         
When:   Friday, November 1, 2013                                                                                               
Time:    Screening beings at 5:30 pm; Panel discussion to follow                                      
Where:  Barack Obama Administrative Building, 1300 Bangs Avenue, Asbury Park, NJ 07712

When:   Saturday, November 2, 2013                                                                                               
Time:    Screening beings at 11:00 am; Panel discussion to follow                                      
Where:  First United Methodist Church, 906 Grand Avenue, Asbury Park, NJ 07712

When:   Saturday, November 2, 2013                                                                                               
Time:    Screening beings at 2:00 pm; Panel discussion to follow                                      
Where:  Mt. Pisgah Baptist Church, 1301 Springwood Avenue, Asbury Park, NJ 07712

**For more information, please see the attached invitations**

Ethan Nadelmann Drug War Discussion

You’re invited to a free lecture sponsored by The Global Health Colloquium which features leading academics, theorists and practitioners speaking on various aspects of global healthEthan Nadelmann,  Executive Director and founder of the Drug Policy Alliance, will discuss the war on drugs and drug decriminalization. This event is co-sponsored by the Princeton-University of São Paulo Project, the Center for Health and Wellbeing, and the Woodrow Wilson School

When:   Friday, November 8, 2013                                                                                               
Time:    Lunch will be served at 11:45 am; Discussion 12:00 pm – 1:30 pm                                      
Where:  Princeton University, Bowl 1, Robertson Hall, Princeton, NJ 08544

**For more information, please see the attached invitation and/or visit the event website**

Please feel free to share the attached invites on social media and/or forward this email to your friends, family and colleagues.  Looking forward to seeing you soon!

Best,
Meagan

Meagan Glaser | Deputy State Director, New Jersey
Drug Policy Alliance
16 West Front Street, Suite 101A | Trenton, NJ 08608
Voice: 609.396.8613 | Fax: 609.396.9478

Think the drug war is doing more harm than good? Join us!

Department of Justice News 10/31/13



You are subscribed to Justice News for the U.S. Department of Justice. This information has recently been updated with the following: 
10/31/2013 05:51 PM EDT

The Justice Department announced a settlement today with the Warren County, N.C., Board of Education that resolves a lawsuit the department filed on behalf of Army Reserve soldier Dwayne Coffer under the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA).
10/31/2013 05:36 PM EDT

Assistant Attorney General for the Tax Division Kathryn Keneally and U.S. Attorney Melinda Haag for the Northern District of California announced that Noemi Rubio Baez, of Salinas, Calif., pleaded guilty to conspiracy to file false claims for tax refunds with the Internal Revenue Service (IRS) and to aggravated identity theft.
10/31/2013 05:31 PM EDT

Vernon Harrison, of Montgomery, Ala., was sentenced to serve 111 months in prison and three years supervised release, along with an order to pay $82,791 restitution, for his role in a stolen identity refund fraud scheme, announced Assistant Attorney General Kathryn Keneally of the Justice Department's Tax Division and U.S. Attorney for the Middle District of Alabama George L. Beck

 Co-founder of Liberty Reserve Pleads Guilty to Money Laundering in Manhattan Federal Court
10/31/2013 04:45 PM EDT

Vladimir Kats, 41, of Brooklyn, N.Y., pleaded guilty today in federal court before U.S. District Judge Denise L. Cote to money laundering and operating an unlicensed money transmitting business. The charges stem from his role in running Liberty Reserve, a company that operated one of the world’s most widely used digital currency services and allegedly laundered more than $6 billion in suspected proceeds of crimes.
10/31/2013 04:24 PM EDT

A federal jury in Houston has convicted Gwendolyn Climmons-Johnson, 53, of multiple counts of health care fraud for submitting false and fraudulent claims to Medicare for ambulance services.


10/31/2013 10:02 AM EDT

The United States has filed a lawsuit asking a federal district court in McAllen, Texas, to permanently bar Hector Rangel Jr. from preparing federal tax returns for others, the Justice Department announced today. 

Would you sell your soul to another woman? Gooooooooooooo #SCANDAL! #scandal abc #kerry washington #bellamy young #olivia pope #mellie grant #my gif #spoilers



1 hour ago • 168 notes
He needs you, Olivia. He is tired and broken and it isn’t the job … it’s doing the job without you. He’s not alive when you’re not here, he can’t breathe when you’re not here. He doesn’t have the will to run, much less win when you’re not here because you … you’re everything to him, Liv. 

The NSF EZone COMING SOON!

For those of you who don't quite understand it yet the E stands for "ENTREPRENEUR" and the EZone Initiative pushes into action all efforts of reducing MURDER, VIOLENCE & the INCARCERATION RATE AMONGST BLACK MEN especially THE YOUNG while INCREASING ECONOMIC OPPORTUNITY IN THE BLACK COMMUNITY!




So,
for the 411 and what NSF has in store.........You heard it here first....Your Girl....Coming at ya live.....
Philly's Own Gossip Girl
xoxo