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.