BOMBSHELL: Did Turning Point USA Commit FRAUD? (Allegedly)

[00:00:00] Since the murder of Charlie Kirk, [00:00:01] there's been growing concern over [00:00:03] potential financial mismanagement at [00:00:05] TurningPoint USA. [00:00:07] I've been looking into this and have [00:00:09] discovered some shocking information. [00:00:11] We're going to explore the question, did [00:00:13] Turning Point USA commit fraud? I'm [00:00:17] Zach. I'm a certified public accountant [00:00:20] and you are watching Wolves Finance. [00:00:28] >> [music] [00:00:34] [music] [00:00:39] >> In this video, I am very critical of [00:00:42] TurningPoint USA. [00:00:44] Let me start off by saying that I [00:00:46] believe this is a good organization and [00:00:49] I hope that they succeed, but they are [00:00:51] not going to be able to continue Charlie [00:00:53] Kirk's legacy if they are employing [00:00:55] people who are stealing donations. The [00:00:58] reason that people are concerned about [00:01:00] Turning Point USA's finances is because [00:01:02] statements made by Charlie Kirk himself. [00:01:05] This is a memo written by Charlie Kirk [00:01:07] on September 2nd, 2025. That is only 8 [00:01:11] days before he was murdered. In this [00:01:13] memo, he promotes Justin Strife as the [00:01:15] new chief operating officer or COO and [00:01:18] announces a new Doge style audit. After [00:01:21] this memo was revealed, people obviously [00:01:24] wanted to know what were the results of [00:01:26] the Doge style audit. Why was Charlie [00:01:30] Kirk concerned with the finances of [00:01:31] Turning Point USA right before he was [00:01:34] murdered? Here's an exchange on X.com of [00:01:37] someone asking that question. Why was [00:01:39] Charlie about to audit the finances and [00:01:42] will it still be audited? This was [00:01:44] responded to by someone from [00:01:45] TurningPoint named Tyler Ber saying, "We [00:01:48] audit our finances every year. They were [00:01:51] just audited at the end of our fiscal [00:01:52] year in July." He then goes on to say, [00:01:55] "There is no scheming. Nonprofits have a [00:01:58] 990 where everything is outfront. No one [00:02:01] owns anything and our salaries are [00:02:03] transparent. If you'd like a quick [00:02:05] course on nonprofits, here is a good [00:02:07] start." And then he links the [00:02:09] accounting.org website where they talk [00:02:12] about the form90. [00:02:14] Okay, number one, that response by Tyler [00:02:17] Buer is a little bit snarky. And I'm [00:02:21] just showing you one of his posts. There [00:02:23] are many posts like this and they are [00:02:25] all just as snarky. [00:02:28] I would like to ask Tyler Ber if he can [00:02:30] lower the snarkiness because it is a [00:02:33] very legitimate question. A Doge style [00:02:36] audit is not the same thing as the [00:02:38] annual financial audit and everybody [00:02:41] knows that Charlie Kirk wanted a second [00:02:44] independent audit on top of the annual [00:02:47] financial audit. According to Tyler [00:02:49] Ber's post, Turning Point is not going [00:02:52] forward with Charlie Kirk's wishes. They [00:02:55] have cancelled the audit. The question [00:02:58] is why? Why did they decide not to [00:03:01] follow through with Charlie Kirk's final [00:03:04] wish? What is also interesting is that [00:03:07] Tyler Ber is the person who was replaced [00:03:10] by Justin Strife in Charlie Kirk's memo. [00:03:14] Tyler Boyer was the former COO of [00:03:16] Turning Point USA from 2017. [00:03:20] And then 8 days before Charlie Kirk was [00:03:22] murdered, he appoints a new person as [00:03:24] COO. Tyler Boyer steps away so he can [00:03:28] focus more on his job as COO of their [00:03:30] other organization, Turning Point [00:03:32] Action. [00:03:34] Isn't that a strange coincidence? Tyler [00:03:36] Ber was removed from his position in the [00:03:39] same memo that Charlie Kirk announces a [00:03:41] financial audit. Then after that, [00:03:44] Charlie Kirk is murdered and Tyler Boyer [00:03:47] is on X.com saying that no audit is [00:03:50] necessary. So here's what I think we [00:03:53] should do. We should follow Tyler [00:03:55] Boyer's snarky advice. Let's go look at [00:03:59] the 990 forms that Turning Point USA [00:04:02] submits to the IRS every year. [00:04:05] These contain their annual financial [00:04:07] statements. When you look at the forms, [00:04:10] there are some very strange anomalies. [00:04:13] Several of the 990 forms are missing. [00:04:18] Turning Point USA lists four related [00:04:20] entities. There is Turning Point USA, [00:04:23] Turning Point Endowment, Turning Point [00:04:25] Action, and America's Turning Point. All [00:04:28] different organizations do slightly [00:04:30] different things. The form 9990 for [00:04:32] fiscal year 2024 is posted for Turning [00:04:35] Point USA, but it is missing for all the [00:04:38] other three organizations. [00:04:41] It looks like it was never turned in. [00:04:45] This is a massive red flag. So Tyler Ber [00:04:50] is being snarky on X.com and telling [00:04:52] people to go look at the annual [00:04:54] financial audit, but the financial audit [00:04:56] is missing from last year for three of [00:04:59] the four organizations. [00:05:01] Just to show you how strange this is, if [00:05:04] we go back 2 years to fiscal year 2023 [00:05:07] where we have all the financial [00:05:08] statements, we can see that in fiscal [00:05:11] year 2023, all four statements were [00:05:14] filed on the same day on 515 2024. [00:05:18] That is what normally happens. On May [00:05:21] 15th, Turning Point would file all four [00:05:23] financial statements for their [00:05:25] organizations. But for fiscal year 2024, [00:05:28] only one financial statement was filed [00:05:31] for Turning Point USA on 515 2025. [00:05:35] The other three are missing. This [00:05:38] strange decision to hide their financial [00:05:40] statements happened 4 months before [00:05:42] Charlie Kirk was murdered. I will repeat [00:05:45] for clarity. [00:05:47] Someone at Turning Point decided not to [00:05:50] file three of the four of their annual [00:05:52] financial statements four months before [00:05:55] Charlie Kirk appointed a new COO, [00:05:57] requested a new audit, and was murdered. [00:06:01] Those three financial statements are [00:06:03] still missing. Let me give you just one [00:06:06] example of why this is problematic. [00:06:08] Let us look at the one financial [00:06:10] statement we do have for fiscal year [00:06:12] 2024 for Turning Point USA. [00:06:15] Schedule I shows grants and other [00:06:18] assistance to organizations, [00:06:19] governments, and individuals in the [00:06:20] United States. [00:06:22] This schedule shows you where Turning [00:06:24] Point is sending its money. We see that [00:06:27] a lot of money, $8,560,625, [00:06:32] is being sent to America's Turning [00:06:34] Point. They are sending it to their own [00:06:37] shell company. Now, this is not [00:06:40] necessarily illegal except for the fact [00:06:42] that the financial statement for the [00:06:44] other organization is missing. We cannot [00:06:48] see how this $8.6 million is being [00:06:51] spent. This is very important because [00:06:54] there are strange variances around this [00:06:56] money. I have pulled the last 5 years of [00:07:00] 990 forms for Turning Point USA. Here is [00:07:03] a table with contributions compared with [00:07:05] the largest expense which are the grants [00:07:08] from schedule I. You can immediately see [00:07:11] a strange dip between 2022 and 2023. [00:07:16] This dip happens because in prior years [00:07:18] they were sending money to Turning Point [00:07:20] Endowment. They were transferring [00:07:24] millions of dollars. This stopped in [00:07:26] 2021 and they started ramping up sending [00:07:29] money to America's Turning Point. Let's [00:07:32] break this down. First of all, I find it [00:07:35] really unethical that they were sending [00:07:38] millions of dollars to their own [00:07:40] endowment. [00:07:41] I know that a lot of nonprofits do this, [00:07:44] but I think it is unethical. [00:07:46] Do the donors know this is how Turning [00:07:49] Point is spending their money? Turning [00:07:51] Point USA is taking in donations and [00:07:54] then sending the money to their [00:07:55] endowment to invest in the stock market. [00:07:59] In my opinion, they should be spending [00:08:01] donations on operating their nonprofit, [00:08:04] not on buying investments. As of fiscal [00:08:07] year 2023, they had $61 million of [00:08:10] assets in the endowment, which was [00:08:12] generating $1.9 million a year of [00:08:15] investment income. [00:08:18] Personally, I think that's an unethical [00:08:20] way to run a nonprofit, but that's just [00:08:22] my opinion. But what is important here [00:08:25] is what happened to the missing $8.6 6 [00:08:27] million. The amount sent to America's [00:08:30] Turning Point in fiscal year 2024. The [00:08:33] amount of money sent to America's [00:08:35] Turning Point was getting larger and [00:08:36] larger. And because the financial [00:08:38] statements are missing, we cannot tell [00:08:41] how this money was spent. If we look at [00:08:43] the prior year, the majority of the [00:08:45] money was spent on other salaries and [00:08:48] wages. How is this possible when [00:08:50] America's Turning Point reports zero [00:08:53] employees? [00:08:55] Does anyone else think that sounds a [00:08:57] little suspicious? [00:08:59] Let me walk you through this. We have [00:09:01] the two organizations, the main company, [00:09:03] Turning Point USA, and America's Turning [00:09:06] Point. America's Turning Point has never [00:09:09] reported any employees. Turning Point [00:09:12] USA's number of employees has decreased [00:09:14] dramatically over the last 3 years. In [00:09:17] the last year alone, the number of [00:09:18] employees decreased by 33%. [00:09:22] That is a massive decrease in workforce. [00:09:26] But while they are laying people off, [00:09:28] their salary expense is skyrocketing for [00:09:31] both organizations. [00:09:34] None of this makes any sense. How is [00:09:37] America's Turning Point reporting [00:09:39] millions of dollars of salary expense [00:09:41] when they have no employees? How is [00:09:44] Turning Point USA salary expense [00:09:46] skyrocketing when the number of [00:09:48] employees is plummeting? [00:09:50] And why are the financial statements [00:09:52] missing? [00:09:54] What was the $8.6 million spent on? In [00:09:59] my opinion, what I think is happening is [00:10:01] I think there are fake people on the [00:10:04] payroll. I think that paychecks are [00:10:06] getting sent to people who do not really [00:10:08] exist. And that would explain why we [00:10:11] have a company with zero employees with [00:10:14] millions of dollars of salary expense. [00:10:17] What about Tyler Boyer's argument that [00:10:19] they have an annual financial audit [00:10:20] every year? If what I am saying is true, [00:10:24] why wouldn't their annual audit catch [00:10:27] these issues? [00:10:29] The annual financial audit for Turning [00:10:31] Point USA, Inc. and its affiliates was [00:10:33] performed by an accounting firm called [00:10:35] Baker Tilly. In the notes, they [00:10:37] explained that they audited Turning [00:10:39] Point USA, Turning Point Action, Turning [00:10:41] Point Endowment, America's Turning [00:10:42] Point, and TPUSA merch. That usually [00:10:45] means they audited all the shell [00:10:46] companies when they provided their [00:10:48] opinion that the statements present [00:10:50] fairly in all material respects. [00:10:53] That means it is a clean audit with no [00:10:55] problems. [00:10:58] I wonder if Baker Tilly will provide an [00:11:00] explanation why they can issue a [00:11:02] flawless audit report when three 990 [00:11:05] forms were never filed with the IRS. [00:11:08] And just to clarify, Baker Till's audit [00:11:11] opinion letter is signed after [00:11:14] TurningPoint missed the filing date with [00:11:17] the IRS. So there is no excuse for Baker [00:11:20] Tilly not to mention this in their audit [00:11:22] opinion. Just so you understand who [00:11:25] Baker Tilly is, let me show you a [00:11:28] lawsuit that was filed against them just [00:11:30] this year by a Catholic charity. In a [00:11:33] lawsuit filed Friday, Catholic Charities [00:11:35] claims they're out millions of dollars [00:11:37] after a former employee in their finance [00:11:39] department misused funds. And that's not [00:11:41] all. The local nonprofit is also going [00:11:43] after Baker Tilly, the firm that was [00:11:45] auditing their finances at the time. [00:11:48] Catholic Charities provides a number of [00:11:50] programs, including counseling, [00:11:51] adoption, and immigration services. [00:11:56] This 12-page lawsuit says the former [00:11:58] employee worked for Catholic Charities [00:12:00] for over 10 years, holding many [00:12:02] positions, including director of [00:12:04] finance. It says she abused her [00:12:06] authority and misappropriated millions [00:12:08] of dollars. The lawsuit claims she did [00:12:11] this in two schemes. The first alleges [00:12:13] paying false invoices. Catholic [00:12:16] Charities says the second scheme [00:12:18] involved a woman using company credit [00:12:20] cards for personal purchases like Amazon [00:12:22] Prime Video rentals, Uber rides, ticket [00:12:25] master purchases, and casino purchases [00:12:27] from MGM Grand. The lawsuit also states [00:12:31] that Baker Tilly failed to recognize [00:12:33] clearly fraudulent purchasing activity. [00:12:35] >> The lawsuit alleges that someone in [00:12:37] leadership at the highest levels of this [00:12:39] Catholic charity stole millions of [00:12:42] dollars. This was going on year after [00:12:45] year after year and Baker Tilly never [00:12:48] mentioned it in any of their audits. [00:12:52] It makes you wonder, are they even [00:12:54] looking at the financials? [00:12:57] This is the same accounting firm doing [00:12:59] the annual audits at Turning Point USA. [00:13:02] Erica Kirk assumed the role of CEO of [00:13:05] Turningpoint USA on September 18th, [00:13:07] 2025, 8 days after Charlie Kirk was [00:13:10] murdered. She has been the CEO for [00:13:12] almost two months. She needs to answer [00:13:16] these questions. [00:13:18] If someone has lied on the 990 form, [00:13:22] people go to jail for that. I want some [00:13:25] explanation of why Turning Point USA [00:13:28] sent $8.6 million to their shell company [00:13:31] and then did not file financial [00:13:33] statements. [00:13:35] and Erica. I don't know who does the [00:13:38] accounting at Turning Point, but if they [00:13:40] have not been telling you about any of [00:13:42] this, you need to fire your accountants [00:13:45] immediately. [00:13:46] This reminds me of what happened with [00:13:48] Warren Buffett. Warren Buffett is one of [00:13:51] the most famous investors in the world, [00:13:54] but a lot of people do not know that he [00:13:56] got in big trouble with the SEC. This [00:13:58] happened a long time ago in the 1970s. [00:14:02] He had a rapidly growing organization [00:14:04] consisting of all these different shell [00:14:06] companies. The companies were [00:14:08] transferring money back and forth. The [00:14:11] companies would own stocks of all the [00:14:13] other companies. [00:14:15] The SEC opened an investigation into [00:14:17] Warren Buffett for fraud. He talks about [00:14:21] this in his biography. [00:14:23] He describes a scene where he is sitting [00:14:25] with his lawyer Chuck Rickershouser. [00:14:27] Rickershauser had been studying a chart [00:14:29] that showed Buffett and Munger's complex [00:14:31] financial interests. The complex [00:14:34] crossoldings that Buffett had created [00:14:36] looked suspicious. [00:14:38] Rickershauser stared at the crazy [00:14:40] diagram and fredded. There's got to be [00:14:42] an indictment in there somewhere. Now, [00:14:46] do I think that Warren Buffett [00:14:47] intentionally committed fraud? No, I do [00:14:50] not. I think his company grew really [00:14:53] fast and things got out of control with [00:14:55] all of these shell companies. He fixed [00:14:57] it by restructuring the company and [00:14:59] paying a $115,000 fine. [00:15:03] I think something very similar is [00:15:05] happening at Turning Point. And let me [00:15:07] give you a specific example. In fiscal [00:15:10] year 2023, TurningPoint USA, which is [00:15:12] the main 501c3 nonprofit organization, [00:15:15] transferred $664,572 [00:15:18] to Turning Point Action, which is the [00:15:20] 501c4 nonprofit. [00:15:23] This transfer was reported as [00:15:25] reimbursement of event expenses. [00:15:28] Turning Point Action then turned around [00:15:31] and transferred almost the exact same [00:15:33] amount, $650,000, [00:15:35] to Turning Point Pack, which is another [00:15:38] shell company I haven't even talked [00:15:40] about yet. Now, this is not necessarily [00:15:43] illegal, but it looks really suspicious. [00:15:47] It looks like you are taking in tax [00:15:49] exempt donations at TurningPoint USA and [00:15:51] then funneling the money through your [00:15:53] shell companies to your pack that you [00:15:56] can then spend on political campaigns [00:15:58] because of less accounting restrictions. [00:16:01] Again, this is not necessarily illegal [00:16:04] if they structure their transactions [00:16:05] correctly and utilize campaign finance [00:16:07] loopholes, but it certainly looks [00:16:10] unethical. [00:16:12] Why is it that almost the exact same [00:16:14] dollar amount gets transferred between [00:16:16] the organizations? The difference [00:16:18] between Warren Buffett and Turning [00:16:20] Point, besides the obvious fact of the [00:16:22] difference between private companies and [00:16:23] nonprofits, is that at Turning Point, we [00:16:26] have missing financial statements and a [00:16:29] memo from Charlie Kirk saying that he [00:16:31] has concerns with the finances. [00:16:34] The problem with having multiple shell [00:16:36] companies like this is that it becomes [00:16:38] very easy for your employees to steal [00:16:41] from the organization. Now, just to [00:16:43] clarify, for legal reasons, I do not [00:16:45] have any evidence of a specific crime. [00:16:47] We would need an FBI investigation of [00:16:50] the books at Turning Point USA to [00:16:52] determine that for sure. What I have [00:16:54] presented are red flags and a lot of [00:16:56] questions that need to be answered. This [00:16:59] is all based on financial evidence that [00:17:01] Turning Point themselves has posted [00:17:03] online. Anyone can go and confirm [00:17:06] everything I am saying. [00:17:09] All these problems suggest financial [00:17:11] mismanagement at Turning Point USA. And [00:17:13] from Charlie Kirk's memo, we know that [00:17:16] he did not understand what was going on. [00:17:20] If someone was able to keep this hidden [00:17:22] from Charlie Kirk, that suggests that [00:17:24] the people involved are at the highest [00:17:26] levels of Turning Point USA. I will [00:17:29] repeat because I know that a lot of [00:17:31] people do not want to believe this. The [00:17:33] financial statement suggests that [00:17:35] someone at the highest levels of Turning [00:17:37] Point USA is stealing the donations. [00:17:41] I don't understand why no one is looking [00:17:44] into this. [00:17:46] Erica Kirk has been the CEO for two [00:17:49] months and she needs to start answering [00:17:51] questions. I keep coming back to the [00:17:53] statement from Warren Buffett's lawyer [00:17:56] when he was looking at the diagram of [00:17:57] all the shell companies. He said there's [00:18:00] got to be an indictment in there [00:18:02] somewhere. Now, I want to hear from you. [00:18:05] With everything that I've explained, do [00:18:07] you think that Turning Point USA is [00:18:10] doing something shady? Let me know in [00:18:12] the comments down below. And if you like [00:18:14] this video, don't forget to hit that [00:18:16] subscribe button so you don't miss out [00:18:17] on future videos. If you want to support [00:18:20] independent journalism like this [00:18:22] channel, consider signing up for a [00:18:23] membership on my website, wolves [00:18:25] &finance.com. [00:18:27] For $6 a month, your support helps me to [00:18:29] keep making these videos. Thank you to [00:18:32] everyone who has signed up. I'm Zach [00:18:34] from Wolves & Finance. Thank you for [00:18:37] watching. [00:18:39] [music] [00:18:40] Heat. [00:18:44] [music] [00:18:50] [music]