NFL fans left infuriated by Tom Brady's troubling charity report - "Isn’t this a version of money laundering?"

Tom Brady is one of the most polarizing players in the NFL. Fans either love or hate the quarterback. However, most were taken aback at the news of the three-time NFL MVP and his charity, the TB12 Foundation. The TB12 Foundation has doubled its earnings in recent years with contributions from just a few backers. The charity's tax records showed that TB12, Inc. paid Tom Brady's 'body coach' Alex Guerrero $497,461 and former TB12 CEO John Burns $630,846 in July 2021.Many NFL fans took to Twitter to share their thoughts on the seven-time Super Bowl winner and the report regarding his charity.Carla Miller@CarlaMills541@thedailybeast Isn’t this a version of money laundering?542@thedailybeast Isn’t this a version of money laundering?Miss Yankee Universe@missyankeeu@thedailybeast Shocker /s. All these rich people having “charities” are just participating in legal money laundering.3@thedailybeast Shocker /s. All these rich people having “charities” are just participating in legal money laundering. https://t.co/vqiNSoVxZYWoman, Interrupted@NYwonk347@thedailybeast Shocker. Another rich guy avoiding taxes.40@thedailybeast Shocker. Another rich guy avoiding taxes.Sleepy3@SleepyWorker3@thedailybeast Sadly most charities do this@thedailybeast Sadly most charities do thisA few fans compared Brady to Brett Favre, who is still involved in the biggest welfare fraud scandal in the history of Mississippi:Adam Best@adamcbestTom Brady doing some serious Brett Favre-ing twitter.com/thedailybeast/…The Daily Beast@thedailybeastEXCLU: Tom Brady, the star quarterback, has given paltry amounts to his own charity, but the foundation gives big to his for-profit company.trib.al/zfD9oHm5618EXCLU: Tom Brady, the star quarterback, has given paltry amounts to his own charity, but the foundation gives big to his for-profit company.trib.al/zfD9oHmTom Brady doing some serious Brett Favre-ing twitter.com/thedailybeast/…Motti Breen@Jmpr12LPLooking at Tom Brady’s charitable activity it appears he’s right up there with Brett Favre. Nice look.Looking at Tom Brady’s charitable activity it appears he’s right up there with Brett Favre. Nice look.Other fans simply say that Tom Brady isn't a great person:Joe Merchant@skink300@thedailybeast Tom Brady has always been a giant POS@thedailybeast Tom Brady has always been a giant POSMutant Prime@MutantPrime@thedailybeast Yeah, he's a pos1@thedailybeast Yeah, he's a posTony Hack@TonyHackPhotoI’ve never liked Tom Brady. NOW I know why. Ht @AnandWrites twitter.com/thedailybeast/…The Daily Beast@thedailybeastEXCLU: Tom Brady, the star quarterback, has given paltry amounts to his own charity, but the foundation gives big to his for-profit company.trib.al/zfD9oHm341193EXCLU: Tom Brady, the star quarterback, has given paltry amounts to his own charity, but the foundation gives big to his for-profit company.trib.al/zfD9oHmI’ve never liked Tom Brady. NOW I know why. Ht @AnandWrites twitter.com/thedailybeast/…Elon Musk Hates Puppies@jotseaJust when you thought he couldn’t be more of a douche. twitter.com/thedailybeast/…The Daily Beast@thedailybeastEXCLU: Tom Brady, the star quarterback, has given paltry amounts to his own charity, but the foundation gives big to his for-profit company.trib.al/zfD9oHm1193EXCLU: Tom Brady, the star quarterback, has given paltry amounts to his own charity, but the foundation gives big to his for-profit company.trib.al/zfD9oHmJust when you thought he couldn’t be more of a douche. twitter.com/thedailybeast/…Let's look at the 45-year-old quarterback, his company, and their roles in the charity report.Role of Tom Brady's company TB12 in the charity reportTom Brady and his for-profit company is the lone supplier of 'sports therapy' sessions for the TB12 Foundation. Since the TB12 Foundation was started in 2015, it has paid Brady’s company a total of over $1.6 million for its work. It’s the only company listed as an 'independent contractor' for such treatments.It remains unknown how TB12, Inc. ended up with a possible $7 million debt back in 2020. Asked for comment, a representative for TB12 would only state that the company’s possessions do not have a direct effect on its charitable foundation. Laurie Styron, executive director of independent non-profit group Charity Watch, shared her thoughts on charity and legal entities.“When a charity has a related for-profit legal entity, it can turn into an accountability black hole.”Styron added:“If the charity is granting or reimbursing funds to the for-profit entity, and the for-profit is then paying money to other companies or individuals, there is a danger that charitable dollars are indirectly subsidizing the expenses of the for-profit. Money is fungible.”The foundation informed The Daily Beast that donations do not cover any expenses or salaries for TB12, Inc.Prior to the reported negative balance, the Tampa Bay Buccaneers quarterback took some heat during the COVID-19 pandemic. It was made known that TB12, Inc. got almost $1 million in loans from the federal government's Small Business Administration’s Paycheck Protection Program (PPP).We'll see if this latest news about TB12, Inc. and the TB12 Foundation impacts the greatest quarterback in NFL history.

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