Fake News: Obama Tax Audit DID NOT Turn Up Millions In Offshore Accounts

Fact Check

  • by: Maarten Schenk

Satirical fake news website The Resistance: The Last Line of Defense published another hoax article titled: "BREAKING: Obama Tax Audit Turns Up MILLIONS In Offshore Accounts Stolen From Taxpayers". The article opens:

Liberals are always on Donald Trump's case about his tax returns. They don't seem to get that our president doesn't feel the need to rush to get his tax returns out because he has nothing to hide. Making them squirm and speculate is just fun. If I were Trump I'd release my tax returns promptly...on January 21st, 2025.

That's not the case, however with former president Barry Soetoro. Using the alias he has denied is his many times, Obama was just nabbed with more than $400 million in taxpayer money sitting in accounts in the Cayman Islands, Ireland and Caledonia. The deposits, all made directly from the national treasury, are listed as "royalty payments" for Obamacare.

It claims a hidden provision in the Affordable Health Care act was used to funnel money to Obama's secret account under the guise of royalties for using the 'Obama' name in the word 'Obamacare':

Few people know it, but when the liberal congress of 2010 passed the Obamacare bill without reading it, a percentage of the proceeds was automatically routed to the bill's author, Barack Obama, to cover "expenses and royalties associated with naming the bill."

All of this is nonsense, of course. How do we know this? The Resistance: The Last Line of Defense is a fake news website that carries following disclaimer on its about page:

DISCLAIMER: The Resistance may include information from sources that may or may not be reliable and facts that don't necessarily exist. All articles should be considered satirical and any and all quotes attributed to actual people complete and total baloney. Pictures that represent actual people should be considered altered and not in any way real.

The site also tends to include nonsensical phrases or insults hints in the list of "categories" under the article titles:

idiotagain.jpg

According to Buzzfeed the site was originally meant to troll conservatives with over the top satirical articles but now appears to be used as a 'source' by a large network of actual fake news sites (not related to the original creator) that all repost the same articles mentioning it as the source but not acknowlediging the satire disclaimer. This causes many people to believe the fake stories especially when they are being shared on social media where all context is removed and only the title, image and description remain. Sites in the network appear to include:

The original fake story from The Resistance: The Last Line of Defense certainly got some traction as you can see in the Trendolizer graph at the end of this article. But if you scroll a bit further down to the 'Related Articles' section you will see many other fake sites getting even more likes and shares out of it. If you notice anyone spreading the hoax around you can help by pointing them here because nobody likes being made a fool of fake news.

About Us

International Fact-Checking Organization Meta Third-Party Fact Checker

Lead Stories is a fact checking website that is always looking for the latest false, misleading, deceptive or inaccurate stories, videos or images going viral on the internet.
Spotted something? Let us know!.

Lead Stories is a:


@leadstories

Subscribe to our newsletter

* indicates required

Please select all the ways you would like to hear from Lead Stories LLC:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

Most Read

Most Recent

Share your opinion