Watch me!
Posted on 03/21/2024 4:09:50 AM PDT by Morgana
Hundreds of families have been left devastated after a Florida special needs non-profit lost over $100 million held in trusts for their disabled children.
Tampa-based Center for Special Needs Trust Administration (CSNTA) filed for Chapter 11 bankruptcy last month - two years after the eye-watering fortune used to aid disabled kids was discovered to be missing by its leadership.
According to the filing, the center found that its founders had loaned themselves the millions - intended for disabled children - over an 11-year span, and never repaid it.
While the missing cash has sent shockwaves through the community, one set of parents, Kimberly and Richard Muszynski, claimed to WFLA they alerted the FBI about the stolen funds over 10 years ago.
The Muszynski's said they received over $800,000 in a wrongful birth lawsuit in 2013 because of their daughter Abagalye was born with the terminal disease Aicardi syndrome.
She suffered from cerebral palsy, epilepsy and blindness, and tragically died last November aged 11.
After being granted the money in their lawsuit, which was intended solely for Abagayle's care, attorneys instructed them to move the money into a trust with the CSNTA.
But they said they realized something was wrong within a year, when they weren't 'getting tax paperwork, and we weren't getting any accounting as promised,' Richard said.
He said they struggled to receive any information from the center, leading them to alert authorities in Pinellas County.
'We had an internal audit done with a clerk and comptroller, and he pretty much triggered us there's a lot of money missing,' he said.
(Excerpt) Read more at dailymail.co.uk ...
Watch me!
Clintons say amateur!
Sounds like some people need to spend some time in the crossbar hotel.
Yes it can disappear. Look at the Social Security “trust fund”. Nobody seems to be accountable for that either.
What trust fund?
It’s ALWAYS been an accounting trick.
You pay SS taxes. It goes to Treasury.
Treasury issues special bonds , “trust fund”.
The money is used for general operation of government.
If the government has to redeem those bonds it will need current tax receipts.
There is no other way for the government to handle this process. They have no way of saving or investing money. If for example they “invested” the money in say stocks or real estate , you have actual Socislism, government ownership of property.
Another FBI success.
The FBI couldn’t get involved, they were busy spying on President Trump.!!!
That’s not enough deterrent
When they are convicted and quick appeals exhausted they should be executed promptly-every last one of them-that might send a message
The FBI either was too distracted chasing political enemies or the money was being stolen by Democrats.
Or both.
Very good point!
I’m sorry, but we are going to have to start hanging thieves.
They even steal from disabled people.
In this case, "trust" was an utter lie. Looking back, the tax-exempt entity has has more expenses than it should have, in addition to the transfer of funds in a shill game to Boston.
Older data, but the bottom line is that this "charitable" trax-exempt organization was paying a very large part of its income to salaries, benefits and expenses.
Then, there is this tidbit: "This allowed Govoni to place 'trusted individuals in key positions of authority,' including Caitlin Janicki, Govoni's daughter, who worked as a vice president at the nonprofit."
The founder of a St. Pete trust fund is accused of taking $100 million Tampa Bay Times, 20 February 2024.
And: "The Center stated in bankruptcy filings that it first became aware that the $100 million was missing in the wake of the April 2022 resignation of Caitlin Janicki, Govoni’s daughter, from her roles as head of case management and vice president of the trustee, the suit says. Following non-party Janicki’s resignation was the Center’s finding of an unsigned November 2021 letter in which Govoni sought to revise the terms of the note and line of credit agreement with the Center, even though the loan had matured years earlier, the case shares."
Class Action Alleges More Than $100M in Special Needs Trust Assets Misappropriated Over a Decade Class Action, 21 February 2024.
It's been a family-run RICO act, essentially.
The only question now is how will they pin this on DeSantis…
It’s probably the fibbies and DS actors doing the draining. That’s why the fibbies did nothing.
Where’s a beekeeper when you need one?
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