Liberal Foundation Distributed Money from Bermuda to Liberal Nonprofits

The Washington Free Beacon reports:

A major left-wing foundation has received tens of millions of dollars from a shadowy Bermudan company with ties to wealthy American hedge fund managers and distributed those funds to prominent liberal nonprofit groups. A sizable portion of the Sea Change Foundation’s revenue since 2011 has come from a single company, incorporated in Bermuda, called Klein Ltd. The company’s only officers are employees of a Bermuda law firm, and neither provided information on what Klein actually does. Documents filed with the Bermudan government suggest that the company exists only on paper.