The Boston Finance Commission's recent investigation into the Jamaica Plain-based Three Squares Main Street program revealed potential misuse of federal funds, including altered bank statements showing discrepancies of tens of thousands. The program, part of Boston's initiative to support local businesses, had received $145,000 through three federal grants, two linked to pandemic relief. Discrepancies were noted in the bank statements provided to the city. Executive Director Matthew Cahill highlighted significant alterations in the statements, prompting the investigation.
Several of the altered statements appeared to change not only the payee but also greatly increased the payments, Matthew Cahill, executive director of the Finance Commission, wrote in the report.
The organization is one of 20 that works to support local businesses, create jobs, and overall revitalize each of Boston's neighborhood commercial districts.
The investigation, conducted by the Boston Finance Commission, looked into the finances of the Jamaica Plain-based Three Squares Main Street program.
Three Squares received three federal grants, including two that utilized pandemic-relief funds allocated to local governments through the American Rescue Plan Act in 2021.
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