Stolen from the taxpayers and the poor kids of New York.

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, a network known for its liberal programming and hosts like Al Franken.
The settlement, announced yesterday by the cityÂ’s Department of Investigation, is the latest but probably not the final chapter in an investigation that began last year.

The state attorney generalÂ’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 cityÂ’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.

Want to bet the moonbats won’t denounce this corporate misconduct – after all, it was serving the “higher purpose” of spreading socialism.

Maybe we can get a few indictments here. Paging Al Franken!

H/T Malkin

Posted by: Greg at 10:16 AM | No Comments | Add Comment
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