Mexican Investigators locate Brazos Abiertos bank account
Brazos Abiertos, Inc. was founded in 2006 in Houston, Texas. It is a legitimate organization in the United States.
Brazos Abiertos, Inc., however, never secured permission, or incorporated an affiliate in Mexico, as required by Mexican law in order to conduct any activities in Mexico. Every fundraising event Brazos Abiertos, Inc. held in Mexico in 2006, 2007, 2008 and 2009 was unlawful.
Mexico’s IRS, known as Hacienda, is investigating Brazos Abiertos, Inc. for fraud, tax evasion and money laundering.
It was only after questions began to emerge and complaints were filed by Mexican contributors to Brazos Abiertos, Inc. events that Brazos Abiertos, Inc. sought to defuse the situation by forming a Mexican subsidiary.
In April 2009, Jose Solis and John Truax formed “Fundacion BAI, A.C.” – as seen in this image.
At that same time, John Truax granted full administrative privileges to Carlos A. Cabrera to open a bank account in the name of “Fundacion BAI, A.C.” Mexican investigators have now identified HSBC as the bank where Carlos Cabrera opened a bank account on behalf of Fundacion BAI, A.C. in order to manage some of the funds raised by Brazos Abiertos, Inc. in Mexico. Fundacion BAI, A.C. has never met the requirements established by Hacienda to be a bona fide nonprofit organization authorized to solicit donations from the public and issue tax-deductible receipts.
The location of this bank account represents a major breakthrough in forensic accounting by Mexico’s Hacienda and the ongoing investigation by the IRS in the United States.
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