American Tax Officer

"Notify the foundation manager to come see me immediately, and also, send our lawyers to the scene at once to find out what ground he stands on!"

"Understood!"

...

Opposite the New York Stock Exchange.

The news about the investigation into the foundation was too explosive, so after recovering, the media kept asking David, what was the basis for the investigation?

While David was seriously explaining the basis for the investigation, suddenly several voices interrupted him.

"Excuse me, I'm the legal advisor for JP Foundation. I just heard that the Internal Revenue Service is preparing to investigate our foundation, and I have a few questions to ask."

"I am the legal advisor for WK Foundation, and I would like to ask Inspector David the same regarding our foundation being investigated."

"I am from AQM Foundation..."

David was not very surprised at their arrival; he said, "Since you gentlemen have questions, why not come here and ask them face to face?"

The special service agents cleared a path, and the three men glanced at each other before calmly walking up to David.

"Gentlemen, how should I address you?"

"My name is Pryce."

"I am Harts."

"My name is Komodov."

"Alright gentlemen, you mentioned you have questions regarding your respective foundations, you may ask them now!"

Pryce was the first to speak, "According to the law, our foundation is not subject to oversight by any agency, including your Tax Bureau; therefore, your investigation has no legal basis!"

"Yes, according to the law, that is indeed the case, but I need you to understand something first, Mr. Pryce. The law states that foundations are not regulated by any agency, but this is predicated on the assumption that such foundations, like yours, use their funds for charitable operations. However, if there's money laundering, insider trading, or funds flowing into certain beneficial transactions, then not only could the Tax Bureau but potentially even the FBI intervene, correct?"

Upon hearing this, the three men glanced nervously at each other, being the legal advisors for their respective foundations, they knew very well David was not talking nonsense.

"I acknowledge there is some sense in what you say, but Inspector David, our foundation's use of funds doesn't need to be disclosed to you or any agency; of course, since our foundation focuses on charity, naturally the funds would be used for charitable activities, and this is beyond doubt!"

Harts said this, the underlying meaning being that even if David suspected their foundation funds had other purposes, he had no right to demand any data.

If he just insisted that the funds were used for charity, what could David possibly do?

David merely smiled slightly, then waved over to Manson who was not far away; he immediately opened his briefcase, took out three documents, and handed them over.

After receiving them, David turned to the three men and said, "Gentlemen, you're indeed not required to disclose anything to me, but I think you should also take a look at this document!"

The men furrowed their brows, as from David's expression, it wasn't hard to discern that the three documents might be detrimental to them.

Without further pondering, they took the documents and started to read through them.

As the contents became apparent, although they knew they were in a public setting, they couldn't help but become visibly alarmed.

For, in their hands, were the secret data of their respective foundations—the one thing they couldn't understand was how David had gotten his hands on it?

"What's going on, why have the lawyers from these three foundations become so flustered?"

"Isn't it that the foundations are not regulated by any institution and don't need to disclose data to any institution? What is it that Inspector David is showing them that has them so panicked?"

"It seems now that this seemingly impregnable foundation system isn't so impervious in front of Inspector David."

Since the event was being broadcast live, not only the media journalists present there, but even the audience watching through the live broadcast could see the anomaly.

Morgan Bank headquarters.

Joshua wasn't blind, he naturally noticed the unsettling expression on the face of his foundation's legal advisor, which made his mood even heavier.

Could it be that his foundation really had some leverage that had fallen into David's hands?

If it really was the case, then it was doomed.

You see, this foundation wasn't just for operating mid-term election funds, it was also the Morgan Family's family foundation.

To avoid paying high inheritance taxes for future generations inheriting the family estate, he had gradually injected his properties into this foundation years ago.

Once something truly happened, if this foundation were to be frozen or seized, the loss encountered by their family would probably be greater than the off-shore tax evasion act!

Apart from Joshua himself, many from The Big Three Groups were also getting nervous at this moment.

Inheritance taxes in America were too high, so any major family would inevitably choose to establish a foundation, allowing heirs to bypass inheritance taxes and inherit the family estate.

And now David was clearly targeting the foundations, if he really succeeded, then the major families would have to pay a heavy price, similar to after the off-shore tax evasion act!

...

"How about it gentlemen, do we have the right to investigate your foundations now?"

Hearing David's inquiry, the three of them realized they had lost composure and quickly tried to regain their calm, with Harts responding, "Inspector David, I don't know where this data comes from, but I must deny that it is purely fabricated, we firmly deny it!"

"Indeed, our JP Foundation should also deny this data!"

"We have already stated before, our foundation is for charitable causes, so this data is indeed not accurate!"

The three of them knew all too well that the document in hand was indeed their foundation's top-secret data, but if they admitted it outright, they were definitely doomed.

By denying it, with the foundation's lack of regulation and no requirement to disclose data, there was still a chance to escape.

"Is that so? Well, if I publish this document and request charity organizations nationwide to list a detailed report, and ask the banks for financial details, what do you think will happen?"

David seemed to have anticipated their answer, he asked calmly.

On hearing this, the color drained from their faces again, then Harts responded, "You publishing this document is your prerogative, we have no right to oppose, but asking charitable organizations and banks nationwide to provide details, that we cannot agree to as per legal regulations, we don't need to cooperate with you!"

David smiled, looking at them as if they were fools, "I don't need your cooperation, I only need the cooperation of charity organizations nationwide and the banks."

"You... you can't do that."

This time, the three were truly panicked; they indeed did not need to cooperate with David, but if David required the banks and the charity organizations they dealt with to cooperate, which would make the details match the document currently on hand, their foundation could be caught without a leg to stand on!

"I can or cannot is not for you to decide, well, I am limited on time, gentlemen, we will meet again!"

David couldn't bother to argue with them any longer and stepped down from the podium, leaving under the escort of security agents.