XPost: alt.fan.rush-limbaugh, or.politics, alt.politics.media
XPost: sac.politics
A nonprofit festival founded by Dallas County Commissioner John
Wiley Price took in more than $1 million in 2009, but the
group’s tax return did not disclose where most of the money went.
FBI agents raided the offices and homes of Price and two of his
top aides on Monday.
The FBI has not commented on the focus of its investigation into
Price.
But a federal grand jury asked for detailed financial
information on the event, called Kwanzaafest, “months ago,”
Price’s attorney said Tuesday.
The attorney, Billy Ravkind, said he turned over the information
but couldn’t remember if it was subpoenaed or simply requested.
A copy of Kwanzaafest’s 2009 tax return -- the last year
publicly available -- shows the event brought in $1,047,764.
The return itemizes a few smaller expenses, including $33,829
for “advertising and promotion.”
But the bulk of the money -- $930,258 -- is listed under the
category “all other expenses.”
Ravkind said he never looked at Kwanzaafest’s financial records
and can’t explain why so much of the money was not categorized.
“It’s a nothing deal,” he said.
The attorney said he has instructed Price not to discuss
Kwanzaafest or anything else while the FBI is investigating.
“He’s not going to be talking to anybody,” Ravkind said.
Kwanzafest is a yearly festival at Fair Park that celebrates
black heritage.
Price’s longtime assistant, Daphne Fain, is listed as Kwanzaa’s
president. Price’s political consultant, Kathy Nealy, is
director.
Fain’s home and Nealy’s office were raided by the FBI Monday
morning at the same time agents searched Price’s house and
office.
Neither woman has commented publicly on the investigation.
Russell Baity, a certified public accountant who signed
Kwanzaafest’s tax return, did not return a phone call Tuesday.
NBC DFW sponsored Kwanzafest the past two years but has not been
involved in the group’s financing.
http://www.nbcdfw.com/news/politics/Prices-Festival-Doesnt- Explain-Where-930000-Went-124685934.html
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