Posted on 09/28/2006 12:29:03 PM PDT by lowbridge
A Bronx charity will pay the city back $625,000 that had been intended for children and the elderly but was improperly lent to Air America Radio...
-snip
The state attorney general’s office is continuing to look into the misuse of the funds, and the case has been transferred from its charities bureau to the criminal prosecutions bureau, two people close to the investigation said yesterday.
City investigators found that the charity, based in Co-op City and formerly known as the Gloria Wise Boys and Girls Club, lent $875,000 to Air America Radio. At the city’s request, the network put the money into an escrow account while the investigation continued.
Now, $625,000 will be returned to the city and $250,000 will be turned over to the charity for its operations. The $625,000 recouped by the city includes $250,000 from the Department of Youth and Community Development and the Department for the Aging that the charity misused from 2001 to 2004 and $375,000 in overpayments from the Department of Education to a nursery and kindergarten run by the charity from 1997 to 2006.
“This is a somewhat shocking case,” said the commissioner of investigation, Rose Gill Hearn, who described the circumstances as “clearly unusual.” She said the recovery of the money was significant because “most of the time, people spend it and it’s dissipated.”
Ms. Gill Hearn said that the investigation into the charity involved “a copious analysis and forensic audit of their books and records.” In some instances, officials at the charity fabricated invoices for consulting services that never existed.
Until last year, Gloria Wise and an affiliated charity, Pathways for Youth, relied on the city for nearly 80 percent of their budgets. The city no longer has contracts with Gloria Wise.
(Excerpt) Read more at nytimes.com ...
Was this buried in the obits or the classifieds?
No didn't think so....
I rather doubt Eliott Spitzer will prosecute this matter in any meaningful way.
It's called EMBEZZLMENT. Who's going to jail over this?
Tsk Tsk Tsk...Mr. Franken...stealing from the Chlllllren.
So, Al Franken's and Randi Rhode's salaries were taking money from children, the sick, and the elderly?
Sounds about right. Liberals CAN'T do anything wrong because they want to know the difference between right and wrong.
Certainly not a bunch of Democrats. I mean, laws do not apply to them.
Maybe they can frog march some innocent Republican into jail for it.
Eliott Spitzer
Finally! There should be a healthy amount of interest involved too. Also, will this money go back to the people who originally ponied it up - the taxpayers - or will the gubermint treat it like a windfall and spend it? Silly question!
"the charity misused from 2001 to 2004 and $375,000 in overpayments from the Department of Education to a nursery and kindergarten run by the charity from 1997 to 2006."
This is a Federal offense.
Media Schadenfreude and Media Shenanigans PING
FEDERAL fraud. I want to know who's going to jail.
"It's called EMBEZZLMENT. Who's going to jail over this?"
NOBODY...
They are Democrats...
Promotions all around....
I'm surprised they even ran an article.
Amazing how embezzlement isn't a crime when liberals are doing it. Now NYC liberals are funneling money through charities to keep their demented ideology out there. Pathetic!
"I haven't been paid in weeks."
And, don't forget, they "meant well".
Sorry forgot my big SARCASM tag
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.