Posted on 09/07/2005 12:22:43 AM PDT by ajolympian2004
Inside Air America: Al Franken's Lying Lies
Part of an ongoing investigative blog series
by Brian Maloney and Michelle Malkin
Sept. 7, 2005
(Part II of this installment is at The Radio Equalizer)
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Take a close look at this signature.
It belongs to Air America host and crusader for truth Al Franken. It is contained in a legal document we have obtained that exposes the Grand Canyon-sized chasm between what Al Franken says and what Al Franken does.
On July 27, our blogs first reported on a shady loan scheme between Air America Radio and the Gloria Wise Boys & Girls Club (which is now under investigation by both NYC's Department of Investigation and NYS Attorney General Eliot Spitzer). National mainstream media outlets have failed to give the deal--and Air America's continued money-flow crisis--the scrutiny they deserve.
Air America has yet to formally offer to pay back the loan in full, and knowledgeable sources tell us the liberal radio network is contemplating how to stem the lingering bad publicity. Anticipating further negative press, the company is apparently poised to "settle" the matter very soon.
Along with the network's current management and shell-game-playing owners, Al Franken has gotten a pass, even from some conservative commentators who have claimed that it's unfair to blame the liberal radio network's financial and legal entanglements on its on-air talent.
Those claims are wrong.
According to a November 2004 settlement agreement between former Air American head honchos Evan Cohen and Rex Sorensen and Air America's current owners and investors at Piquant LLC, Al Franken was smack dab in the middle of negotiations over the debts owed by the liberal radio network--including the Gloria Wise loan. The agreement was signed to clear the decks in advance of the questionable asset transfer from Air America's old owners, Progress Media and Radio Free America, to Piquant. (This is the transfer being challenged by Multicultural Radio Broadcasting Inc. as a "fraudulent conveyance," which we first reported exclusively in the first installment in our investigative blog series, "A Trail of Debts.")
Far from being an innocent party with no knowledge of Air America's money woes, Franken was a signatory to the agreement. The document, published here for the first time, exposes how Franken misled his listeners and the press about his knowledge of the charity loan.
Let's flash back to what Al Franken claimed he knew and didn't know about the dubious loan deal in his August 8, 2005, Air America radio monologue:
FRANKEN: Anyway, so here's the deal. So the first guy who was the chairman of the board of of Air America, a guy named Evan Cohen, was a crook, it turns out. I guess that's the only way to put it (laughter) and, but, he got a job.... (interruption)
THE TRUTH: Although Franken claims that Cohen “was a crook,” Cohen has neither been charged nor convicted of embezzling any of the Gloria Wise Boys & Girls Club money. Franken himself acknowledges just a few moments later (see below) that he believes the money was probably used “for [Air America] operations,” including Franken’s salary. Thus, Franken’s insinuation that Cohen stole the money is unsubstantiated.
In a phone interview from Hawaii this week, Cohen (who we reached through a relative) told us: "Was what I did stupid? Yes. Illegal? No." He emphasized that "not a dime" of the $875,000 in question went to him. Apparently, Franken got at least one thing right.
Franken continues:
FRANKEN: Ok, it turns out he was on the board, or worked for, this Gloria Wise Boys and Girls Club in the Bronx or something.
"Or something." Make a note of that.
And he uh, borrowed (laughter) $875,000 from, I don't know why they did it, and I don't know where the money went, I don't know if it was used for operations (softer, especially fast), which I imagine it was. I think he was robbing Peter to pay Paul.
THE TRUTH: Again, if the money was borrowed from Gloria Wise to cover Air America’s operating costs, as Franken imagines and Cohen alleges, then there is no basis for Franken’s insinuation that Cohen stole the $875,000 in question.
Now, for a Burger King whopper:
FRANKEN: And about three weeks into the life of Air America, I became an involuntary investor. I stopped being paid.
So now, we started to make arrangements, and I didn't know anything about this until late last week...
THE TRUTH: Franken signed the settlement agreement, which includes detailed information about the Gloria Wise loan, on November 22, 2004. (See signature above.) The document shows that the signatories knew about the Gloria Wise scheme and other liabilities...
...likely since at least May 2004:
In other words, Franken claimed on the air he knew nothing of the Gloria Wise "or something" fiasco nine months after he signed a legal agreement that specifically outlined the loans to Gloria Wise and required Air America to pay them back.
Cohen told us: "Al Franken calling me a crook is a little like the pot calling the kettle black."
Indeed.
Another Frankenlie:
FRANKEN: So, um, we had to do, forensic, or not we, but the guys who run the thing, the new management, did forensic accounting, and discovered this big loan from this Boys and Girls Club, and Rob Glaser, the new guy, who is the head of this new company Piquant, said OK, we don't legally have to pay it back, because we're a different company I guess, but we morally do, so they start making arrangements to pay it back.
THE TRUTH: Franken suggests that Piquant had no legal obligation to repay the Gloria Wise loan. This is patently false. The settlement agreement, which is legally binding, requires Piquant to pay back the loan. Franken signed that agreement (see above) and unless he has an evil twin, he knew exactly what he was doing and what was in the agreement--and signed it knowingly and freely:
Yet another Franken untruth:
And just as that was happening, the Gloria Wise Boys and Girls Club went belly up, and started being investigated by the state, or the city, or something, and so this all halted that.
THE TRUTH: Franken suggests that Piquant’s decision to repay the loan in May 2004 occurred at the same time that the city’s investigation began. The New York Sun, however, has reported that the city began its probe 19 months ago--5 months before Piquant LLC agreed to pay back the loan in May 2004. If the Sun’s reporting is accurate, it directly contradicts Franken’s timeline.
Also false: Franken’s claim that “the Gloria Wise Boys and Girls Club went belly up.” The Club is still operative.
Another big whopper (buried in an ad hominem attack):
Now the Washington Times started making a big deal out of it, and the New York Post, and a woman named Michelle Malkin, (laughter)...
GUEST: So you're getting pretty close to the bottom of the barrel. (laughter)
FRANKEN: Yes, the bottom of the barrel, now and I don't get it because in the Post, they just put my picture up, not only that, they show pictures of the last article they did too, you know how they do that in the Post? (laughter)
So they show a picture of me and a picture of me (laughter)....
So I'm trying to be as responsible as I can, to know as much as I can about this, but I really have nothing to do with it. (laughter)
THE TRUTH: Franken’s signature is on the settlement agreement in which Piquant LLC agreed to repay the loan. (See above.) This directly contradicts Franken’s statement that he had “nothing to do with it.”
As for Cohen, the man Franken publicly distanced himself from as a "crook," the settlement agreement that Franken and his colleagues signed secures "continuing assistance" from Cohen and his former Air America officer/business partner Rex Sorensen in any controversy or legal matter involving Piquant and provides for reimbursing them for their consulting services:
By his own word and hand, Al Franken is a man who has done and will do business with a "crook." Ain't that the truth, Al?
In his August 8, 2005 radio monologue (now we know why he sounded so nervous), Franken concluded:
So that's that. If anyone wants to know more about it, we'll talk about it again.
We've been all ears, but Air America has not returned phone calls seeking comment on our reports. Perhaps Franken is saving it up for his new book, scheduled for release in October.
Our exposé of Franken, Air America, Sheldon Drobny, and Piquant's lies continues over at The Radio Equalizer. Don't miss it.
***
Related:
Denver Post critic Joanne Ostrow gets it: "Air America's shame aired."
***
Previous:
Inside Air America: The Sheldon Drobny Files
Wednesday scandal updates
New York Post: The Money Pit
Inside Air America: The Lizz Winstead case
Fraudulent Conveyance 101
Multicultural Radio says Air America owes it $1.5 million
Inside Air America: An investigative blog report (Part II)
Air Enron: Morning update
Inside Air America: An investigative blog report (Part I)
Air Enron: Al Franken needs help
Air Enron updates
Air Enron: The dam bursts
Air Enron: NYTimes corrects
Air Enron: MSM errs and lags
Air Enron: The NYTimes speaks! (or rather, whispers)
Air Enron: Heads roll, victims shafted
Air Enron: No letting up
Air Enron: Franken speaks again
Air Enron: Elite media blackout contd.
Air Enron: quotes of the day
Air Enron: Spitzer steps in
Air Enron: questions, questions
Air Enron: the blame game
Air Enron: thumb-twiddling MSM
Silence of the race hustlers
Air Enron: Al Franken speaks
Air Deadbeat: the saga continues
The Air America loophole
Air America is scrambling
Air America: Don't blame us
Air America: Stealing from poor kids?!
Yep, and it may be more likely than anyone thinks.
Spitzers got the case in NY. There are obviously (ham-handed) scammers involved in the loss of the Gloria Wise money. Franken is a signatory to the scam documents, and he's lied about his involvement. Yoo-hoo, Mr. Spitzer!
Instead of Sen Franken, it's likely to be: Franken, A. #123456
"Al Franken SO needs a perp walk."
Would that be before or after the bitch slap?
His next book: "Loans" and the lying "borrowers" who borrow them.
A question for Al: is getting accidentally hooked on painkillers better or worse than conciously and deliberately stealing from orphans, underprivileged children and Alzheimer's victims to prop up a failing radio program and your own hubris?
Great stuff.
I sure hope I don't ever get on this woman's bad side. lol
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Anyone who would sign such a document is a FOOL......for they KNEW that this would be "controversial" (what a euphemism THAT was).
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And look how the New York Times, Newsweek, LA Times and Washington Post are holding his feet to the fire because of it.
NOT!
mark
Great info. I am surprised these people are still broadcasting.
I knew all those rich liberals just would not part with their own money to support Air America. They are always ready to spend someone else's money. This time, it's money that was intended for inner city youth.
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