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Al Sharpton is making headlines again, but it's not for one of his crusades. Instead, Sharpton, his National Action Network (NAN), and several major corporations that have donated to NAN have been subpoenaed in recent months by federal investigators.

While Sharpton's attorneys reported Tuesday that the criminal probe over millions allegedly owed in taxes by Sharpton and NAN has been dropped in lieu of civil action by the IRS, federal authorities remain tight-lipped over the status of any investigations.

Critics have long accused Sharpton of obtaining corporate contributions by threatening racial boycotts.

Sharpton denies this, saying "That's the old shakedown theory that the anti-civil-rights forces have used against us forever."

But there's plenty to wonder about. In November 2003, according to the New York Post, Sharpton picketed a DaimlerChrysler air show, threatening a boycott. After the company began sponsoring NAN's annual conference in 2004, however, Sharpton bestowed an award on it for corporate excellence. General Motors and American Honda also began giving to the group after similar threats.

Sharpton's not alone. Critics of Jesse Jackson claim he has perfected the art of the shakedown. Suspicions persist, for instance, about motives behind repeated generous contributions from mortgage giant Freddie Mac to Jackson's Rainbow/PUSH Coalition. As the National Legal and Policy Center has reported, "Jesse Jackson's relationship with Freddie Mac began in 1998 when Jackson accused Freddie Mac of racial discrimination and encouraged major shareholders to sell their stock. Freddie Mac began financial support for Jackson's organizations and his criticism of Freddie Mac stopped."

Freddie Mac donated $150,000 to a Rainbow/PUSH conference earlier this month, even as Congress was debating a bailout of the struggling firm and Fannie Mae, a bailout that the Congressional Budget Office says might cost taxpayers as much as $100 billion.

A 16-year crusade against Anheuser-Busch for not having enough minority beer distributors ended with Jackson's sons being awarded a lucrative Chicago distributorship. Businesses that Jackson has criticized, including Toyota and NASCAR, have become sponsors of his annual Wall Street Conference.

At this year's annual shareholder meeting of the JPMorgan Chase & Company financial services firm, I observed Jackson in action. During the meeting's question-and-answer session, Jackson pressed JPMorgan CEO Jamie Dimon about the company's commitment to diversity. Jackson asked Dimon how much of the $750 million spent on a recent merger went to minority contractors. As Jackson bluntly put it: "How much of that was done by black and brown lawyers?"

While Dimon could not specify a dollar amount, he emphasized that JPMorgan's support of minority contractors has increased, as has the percentage of minorities in senior management positions.

Dimon could have not been surprised to see Jackson. This February, Jackson called Dimon about JPMorgan's role in the then-upcoming initial public offering (IPO) of credit card giant Visa Inc.

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