It took me a second to figure out what you were referring to, but yeah, that’s a case in point.

Yes, and this lawsuit follows a whole series of other actions by the SEC. It may seem like a long time, but due process was followed.

I’m definitely not doing that. I’m pointing out that the commenter above is correct and you appear to have a misconception about what non-profit means.

You mean 501©, and distribution of excess profit would at minimum evoke an excise tax and might cause loss of 501© status.