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CHARITY BOOTS KIDS' CLUB OVER AIR AMERICA SCANDAL
NY Post ^ | 9-21-05 | TOM TOPOUSIS

Posted on 09/21/2005 5:54:03 AM PDT by Pharmboy

September 21, 2005 -- The embattled Gloria Wise Boys & Girls Club in The Bronx — under investigation for taking $875,000 from programs for kids to help fund the start-up of Air America radio — was booted yesterday from the Boys & Girls Clubs of America. The national board of the Boys & Girls Clubs voted to yank Gloria Wise's charter, barring them from using the much-heralded organization's symbols and fund-raising clout because of a breach of ethical standards and failing to file audits.

Evan McElroy, a spokesman for the national organization, said officers at Gloria Wise had ignored repeated requests to file annual financial reports. "We gave them plenty of chances," he said.

"Our clubs are run according to ethical business practices that were, in the view of our board, breached," McElroy said of the Gloria Wise club based in Co-op City

(Excerpt) Read more at nypost.com ...


TOPICS: Crime/Corruption; Culture/Society; Extended News; News/Current Events; US: New York
KEYWORDS: airamerica; alfranken; boysandgirlsclub; boysclub; bronx; corruption; johnkerry; liberals; newyork; newyorkcity; ny; nyc; rushlimbaugh; thebronx; xmsatelliteradio
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To: Pharmboy
I guess Al Franken is going to have to include himself in his revised version of "Lies and the Lying Liars Who Tell Them: A Fair and Balanced Look at the Right"

(the reviews of this book are pretty entertaining)
21 posted on 09/21/2005 9:06:37 AM PDT by Eagle of Liberty (11, 175, 77, 93 - In Memory Always)
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To: BamaGirl

Several additional points:

-Earlier news reports indicate the $875,000 was earmarked money from the City of New York that was to be spent on programs for underprivileged children and Alzheimer's victims. Hence, it's really a lot worse than if they just had the money lying around.

-Your point about there probably being a giant UN style, rat's nest there is well taken. According to the posted article, one of the reasons the Gloria Wise charter was revoked was Gloria Wise's repeated failure to comply with the National Boys and Girls Clubs audit rules. That means there has to be a great deal more than just this $875,000 embezzlement.

-As I've said in other posts, the idea that the $875,000 was a loan is ludicrous. Any organization, be it a bank, nonprofit economic development organization, or government agency, that makes a proper loan in the ordinary course of business generates a number of documents supporting the loan, which usually include a promissory note at a certain rate of interest, security agreements, a loan application, and personal guarantees of the loan by the principals of the borrower. Not a single article on this whole scandal has indicated that any of the foregoing documents was contemporaneously created and executed. Hence, the inescapable conclusion is that Evan Cohen, Air America's chairman and Gloria Wise's development director and Rosen, one of the leading officials of Gloria Wise, conspired to embezzle the $875,000 from Gloria Wise and transfer it to Air America. All the later characterizations of the transaction as a "loan" are simply an effort to conceal the crime that occurred.

-If Gloria Wise goes bankrupt, as it should, its trustee in bankruptcy should sue Air America, Piquant, LLC, and their principals for a lot more than just the $875,000. The amounts legitimately claimed could well include interest on the $875,000, compensatory damages for Gloria Wise due to the damage caused to it and its "business" by the embezzlement conspiracy, and punitive damages. A reasonably imaginative lawyer could probably come up with a lot more.


22 posted on 09/21/2005 9:10:52 AM PDT by libstripper
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To: Pharmboy
Eliot Spitzer is his name. Great point...

He's a Dem politician. Think he is going to bite the hand that feeds him? Not hardly.

23 posted on 09/21/2005 9:11:13 AM PDT by MNJohnnie ("Don't get stuck on stupid, reporters.")
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To: libstripper

Thanks again for the data and analysis. Given that both Air America and this Gloria Wise "charity" are probably both liberal nests of corruption, it will be fun to see them cannibalize each other!

But then this is assuming that anyone in the charity has the balls/stupidity to go to war. More likely than not they will brush it under the rug as it will expose them too much, and hurt their collective image.


24 posted on 09/21/2005 9:20:02 AM PDT by BamaGirl
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To: BamaGirl

I'll go you one farther; while you predict an IRS audit, I predict a back office fire, kind of like Al Sharpton around campaign time.


25 posted on 09/21/2005 9:33:37 AM PDT by printhead
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To: Pharmboy

Kind of a "Blame the Victim" slant to this article. Air America is the one that approached them for the money.


26 posted on 09/21/2005 9:34:08 AM PDT by keat (Posting code without previewing since 2004)
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To: printhead

Yeah you are right. We should be selling contracts on this on tradesports.com . I would love to be able to make money on the liberals' stupidity/predictability.


27 posted on 09/21/2005 9:35:50 AM PDT by BamaGirl
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To: Pharmboy; wardaddy; Joe Brower; Cannoneer No. 4; Criminal Number 18F; Dan from Michigan; Eaker; ...
Pharmboy, thanks for the ping. Where's Eliot Spitzer, the NY Attorney General, and the uncontested candidate for being the dem nominee as governor in NY State in 2006 with the Airhead America scandal?

Rush is on a roll today. He had the following story about Clinton and found John Tierney's OpEd online, giving the new title. I went looking on Google for Tierney in syndication, but I couldn't find it.

Clinton: Why high oil prices are good thing

Democratic Underground - Clinton: Why High Oil Prices Are Good Thing Apparently, that's the rest of the article. Now go was your hands, mouse and keyboard.

Let Wal-Mart take over emergency management

From time to time, I’ll ping on noteworthy articles about politics, foreign and military affairs. FReepmail me if you want on or off my list.

28 posted on 09/21/2005 12:03:15 PM PDT by neverdem (May you be in heaven a half hour before the devil knows that you're dead.)
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To: libstripper

Isn't it the case that any person can walk into the home office of a 501(c)(3) and request to see their financial records?


29 posted on 09/21/2005 12:25:20 PM PDT by Arizona Carolyn
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To: FreePaul
Isn't there some hotshot DA in New York who is always prosecuting companies? Where is he? This would be another good place to get his name in print.

You may be referring to Elliot Spitzer, he is the NYS Attorney General, the DA you might also be referring to is Morgenthou, but he won't be touching this.

30 posted on 09/21/2005 12:28:45 PM PDT by Sonny M ("oderint dum metuant")
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To: Pharmboy

Air America continues to be a loss leader in talk radio around the nation with the latest data.


http://radioequalizer.blogspot.com/2005/09/summer-ratings-trends-released-for-key.html


31 posted on 09/21/2005 12:32:36 PM PDT by Grampa Dave (Jamie Gorelick is responsible for more dead Americans(9-11) than those killed in Iraq.)
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To: Grampa Dave

Thanks for the link. It looks like the end of Al Frankenstein and Janeane Gawdawfullo.


32 posted on 09/21/2005 12:56:45 PM PDT by Pharmboy (There is no positive correlation between the ability to write, act, sing or dance and being right)
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To: Labyrinthos

That just makes for a double helping of schadenfreude then, doesn't it?

I love the smell of schadenfreude in the afternoon.


33 posted on 09/21/2005 1:09:58 PM PDT by FreedomPoster (Guns themselves are fairly robust; their chief enemies are rust and politicians) (NRA)
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To: Pharmboy
voted to yank Gloria Wise's charter >>

they're going to have to, very quickly, pick a new board, reincorporate and get another tax exemption, if they ever want to stay in business. Will they prosecute those who funneled the money I wonder.
34 posted on 09/21/2005 1:48:04 PM PDT by Coleus (Roe v. Wade and Endangered Species Act both passed in 1973, Murder Babies/save trees, birds, algae)
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To: Pharmboy

They will be around for a long time as the MSM will never tell the truth about them.

Nor will the rat NY AG Spitzball file charges against them.

Amazing that Bloomberg takes a strong stand against Judge Roberts and has ignored this stealing from the NY's poor children.


35 posted on 09/21/2005 2:02:40 PM PDT by Grampa Dave (Jamie Gorelick is responsible for more dead Americans(9-11) than those killed in Iraq.)
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Comment #36 Removed by Moderator

To: Pharmboy
Hmmm...the Times didn't cover this today.

Checked again just now. This is still news to the New York Times.

It's not bias, though... after all, I'm sure that if Rush Limbaugh got caught stealing nearly a million dollars from poor inner city kids, the NYT would have spiked that story too.

37 posted on 09/23/2005 8:38:01 PM PDT by Starve The Beast (I used to be disgusted, but now I try to be amused)
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