#financial-mismanagement

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#diocese-of-brooklyn

Brooklyn Diocese Demotes Monsignor After $1.9M Financial Scandal

The Diocese of Brooklyn demoted Monsignor Gigantiello after an investigation found he mismanaged $1.9 million in church funds.
Gigantiello allowed a music video shoot inside the church, triggering a compliance review.

Monsignor at Brooklyn church in federal subpoena replaced over $1.9M transfers, card use: Diocese

Monsignor Jamie Gigantiello mishandled $2 million in church funds and was removed amidst corruption investigations linking him to political figures.

Brooklyn Diocese Demotes Monsignor After $1.9M Financial Scandal

The Diocese of Brooklyn demoted Monsignor Gigantiello after an investigation found he mismanaged $1.9 million in church funds.
Gigantiello allowed a music video shoot inside the church, triggering a compliance review.

Monsignor at Brooklyn church in federal subpoena replaced over $1.9M transfers, card use: Diocese

Monsignor Jamie Gigantiello mishandled $2 million in church funds and was removed amidst corruption investigations linking him to political figures.
morediocese-of-brooklyn
#new-york-city

NYC priest who allowed Sabrina Carpenter to shoot a music video in church further stripped of duties

Monsignor Gigantiello was removed from his position due to serious mismanagement and financial misconduct related to church operations.

Owner of Kellogg's Diner Is Being Sued for $10 Million Over Alleged Misuse of Funds

Chef Julian Medina is suing Luis Skibar for allegedly diverting over $10 million into other projects, including Kellogg's Diner.

NYC priest who allowed Sabrina Carpenter to shoot a music video in church further stripped of duties

Monsignor Gigantiello was removed from his position due to serious mismanagement and financial misconduct related to church operations.

Owner of Kellogg's Diner Is Being Sued for $10 Million Over Alleged Misuse of Funds

Chef Julian Medina is suing Luis Skibar for allegedly diverting over $10 million into other projects, including Kellogg's Diner.
morenew-york-city
#lyon

Lyon handed provisional relegation and transfer ban

Lyon faces severe sanctions for financial mismanagement, risking relegation and facing a transfer ban unless financial stability is achieved.

Lyon handed provisional relegation, transfer ban

Lyon banned from transfers and provisionally relegated due to financial mismanagement, needing improved economic outlook to avoid second-tier football.

Lyon handed provisional relegation and transfer ban

Lyon faces severe sanctions for financial mismanagement, risking relegation and facing a transfer ban unless financial stability is achieved.

Lyon handed provisional relegation, transfer ban

Lyon banned from transfers and provisionally relegated due to financial mismanagement, needing improved economic outlook to avoid second-tier football.
morelyon

Thurrock plans to sue other councils over finances

Thurrock Council blames APSE for inflated asset valuations, considering legal action against over 20 councils to recover losses.

National school parents' group stripped of charity status after rows over state finance and representation

NPCPP lost funding and recognition due to governance concerns, leading to its liquidation after failing to comply with reporting requirements.
#corporate-governance

The shocking rise and fall of elite cybersecurity firm IronNet

IronNet collapsed after overpromising on cybersecurity solutions and failing to produce results, leaving investors and employees disillusioned.

ADM's multiple accounting errors and SEC probe are 'highly concerning' to investors

ADM has postponed its Q3 earnings call due to financial mismanagement and misclassified transactions, illustrating ongoing concerns over its accounting practices.

Fluid Truck files for Chapter 11 bankruptcy and pursues sale after leadership shakeup | TechCrunch

Fluid Truck filed for Chapter 11 bankruptcy due to financial mismanagement and loss of executive leadership, with significant implications for stakeholders.

The shocking rise and fall of elite cybersecurity firm IronNet

IronNet collapsed after overpromising on cybersecurity solutions and failing to produce results, leaving investors and employees disillusioned.

ADM's multiple accounting errors and SEC probe are 'highly concerning' to investors

ADM has postponed its Q3 earnings call due to financial mismanagement and misclassified transactions, illustrating ongoing concerns over its accounting practices.

Fluid Truck files for Chapter 11 bankruptcy and pursues sale after leadership shakeup | TechCrunch

Fluid Truck filed for Chapter 11 bankruptcy due to financial mismanagement and loss of executive leadership, with significant implications for stakeholders.
morecorporate-governance
#governance-issues

Numerous Peter McVerry Trust transactions conducted without knowledge of board, report finds

A charity mismanaged funds and obscured transactions, leading to significant governance failures.

Horseracing regulator used charity funds to pay staff wages

The IHRB unlawfully used funds from the Jockey's Emergency Fund, breaching the Charities Act, to cover operational cash shortfalls.

Numerous Peter McVerry Trust transactions conducted without knowledge of board, report finds

A charity mismanaged funds and obscured transactions, leading to significant governance failures.

Horseracing regulator used charity funds to pay staff wages

The IHRB unlawfully used funds from the Jockey's Emergency Fund, breaching the Charities Act, to cover operational cash shortfalls.
moregovernance-issues

Trans-affirming non-profit in engulfed in financial scandal - LGBTQ Nation

Allegations against Queer Works involve significant financial mismanagement, raising concerns over the misuse of grants intended for supporting TGI+ individuals.

International arrest warrant issued for former Wallabies star Rocky Elsom

Rocky Elsom sentenced to five years for corporate asset misuse as Narbonne president.
International warrant issued due to serious financial mismanagement claims.
Narbonne club dissolved after years of financial troubles attributed to poor leadership.
#wealth-management

From failed inheritances to bad investments: Millionaires who lost a fortune

Having wealth does not always ensure smart financial decisions or success.

Lucky Loser review how Donald Trump squandered his wealth

Trump squandered an estimated potential fortune of $80bn, managing only $2.5bn by 2017 due to poor business practices.

From the Hermes heir to Nicolas Cage: Millionaires who went bankrupt

Wealth does not ensure economic success, as poor decisions can lead to significant financial losses.

From failed inheritances to bad investments: Millionaires who lost a fortune

Having wealth does not always ensure smart financial decisions or success.

Lucky Loser review how Donald Trump squandered his wealth

Trump squandered an estimated potential fortune of $80bn, managing only $2.5bn by 2017 due to poor business practices.

From the Hermes heir to Nicolas Cage: Millionaires who went bankrupt

Wealth does not ensure economic success, as poor decisions can lead to significant financial losses.
morewealth-management
#naomi-campbell

Naomi Campbell banned from being charity trustee

Naomi Campbell was banned from charity trustee role due to financial misconduct in the Fashion For Relief charity.

Naomi Campbell barred as charity trustee in England, Wales after funds spent on spa, cigarettes

Naomi Campbell is barred from being a charity trustee for five years due to poor governance and financial mismanagement of her charity.

Naomi Campbell banned from being charity trustee

Naomi Campbell was banned from charity trustee role due to financial misconduct in the Fashion For Relief charity.

Naomi Campbell barred as charity trustee in England, Wales after funds spent on spa, cigarettes

Naomi Campbell is barred from being a charity trustee for five years due to poor governance and financial mismanagement of her charity.
morenaomi-campbell
from Boston.com
1 month ago

Senate approves criminal contempt resolution against Steward Health Care CEO

Senate moves to hold CEO Ralph de la Torre in contempt for failing to testify about hospital conditions and financial mismanagement.

Memory Loss Isn't the Only Sign of Dementia

Financial mismanagement can signal early brain changes related to dementia, particularly in frontotemporal dementia patients who exhibit altered judgment.
#bankruptcy

Trustee seeks to throw out Nir Meir's bankruptcy

Nir Meir's bankruptcy could be dismissed as he faces serious criminal charges, including grand larceny and tax fraud, while being unable to attend legal hearings.

Three months after shutting down, Philadelphia's University of the Arts files for bankruptcy

The University of the Arts filed for bankruptcy after closing due to financial mismanagement and low enrollment, with significant assets and liabilities involved.

Birmingham's going bankrupt. Here's why everything you've heard about that is wrong | James Brackley

Birmingham city council's bankruptcy is primarily rooted in misinformation about equal pay liabilities and a series of financial mismanagement issues.

Yoel Goldman inflated financials at All Year, restructuring officer alleges

Yoel Goldman significantly mismanaged All Year Holdings, inflating its financial status and accumulating unsustainable debt before its bankruptcy filing.

Debt-ridden UK council accuses tycoon of misusing 150m of its investments

Thurrock council alleges misuse of £150m investments by a businessman during its financial crisis, leading to bankruptcy.

Trustee seeks to throw out Nir Meir's bankruptcy

Nir Meir's bankruptcy could be dismissed as he faces serious criminal charges, including grand larceny and tax fraud, while being unable to attend legal hearings.

Three months after shutting down, Philadelphia's University of the Arts files for bankruptcy

The University of the Arts filed for bankruptcy after closing due to financial mismanagement and low enrollment, with significant assets and liabilities involved.

Birmingham's going bankrupt. Here's why everything you've heard about that is wrong | James Brackley

Birmingham city council's bankruptcy is primarily rooted in misinformation about equal pay liabilities and a series of financial mismanagement issues.

Yoel Goldman inflated financials at All Year, restructuring officer alleges

Yoel Goldman significantly mismanaged All Year Holdings, inflating its financial status and accumulating unsustainable debt before its bankruptcy filing.

Debt-ridden UK council accuses tycoon of misusing 150m of its investments

Thurrock council alleges misuse of £150m investments by a businessman during its financial crisis, leading to bankruptcy.
morebankruptcy
from www.90min.com
2 months ago

Aymeric Laporte reveals Man City's message to players as 115 charges trial begins

Manchester City is confident they will prove their innocence in the upcoming financial mismanagement hearing.
from sfist.com
2 months ago

Yet Another Improper Spending Scandal Rocks SF City Hall, Commission Director Hastily Goes On Leave

Sheryl Davis's financial misconduct leads to scrutiny of oversight practices at San Francisco's Human Rights Commission.

Osom Products, the phone company founded by ex-Essential employees, is shutting down

Osom Products, Inc. is closing down after financial mismanagement allegations, despite only launching a single privacy-focused smartphone shortly after its inception.

'I've just heard my grandad left us all money - but my uncle spent it all. What can I do?'

Inheritors were denied their rightful legacy due to misappropriation by the estate's executor during a personal crisis.

Investment app Gather collapses after failing to repay government loan

Gather, an investment app, collapsed into administration after misunderstanding government loan terms, resulting in significant losses for taxpayers.
#nra

At the N.R.A., a Battle Between the Old Guard and the New

The National Rifle Association is facing internal leadership conflict despite external challenges.

Letitia James's Trial Balloon Trial Against the NRA

The NRA's trial over alleged financial mismanagement reveals political pressure from state leadership
New York Attorney General Letitia James campaigned against the NRA's non-profit status based on its political views

At the N.R.A., a Battle Between the Old Guard and the New

The National Rifle Association is facing internal leadership conflict despite external challenges.

Letitia James's Trial Balloon Trial Against the NRA

The NRA's trial over alleged financial mismanagement reveals political pressure from state leadership
New York Attorney General Letitia James campaigned against the NRA's non-profit status based on its political views
morenra

Rabbi to return 2.35m to charities after investigation by National Crime Agency

Rabbi Barry Marcus returned 2.35m to charities held in personal accounts without explanation.
Funds were raised for Dalaid and the Schwarzschild Foundation, aimed at poverty relief and education for Orthodox Jewish women and girls.

Stability AI reportedly ran out of cash to pay its AWS bills

Massive GPU clusters for AI model drained Stability AI's finances.
Stability AI overpaid for infrastructure without matching revenue, leading to financial downfall.
#sf-safe

'We got blindsided': SF SAFE workers allege pay violations, hostile work culture

Long-term employees of scandal-ridden nonprofit SF SAFE felt shock and betrayal after its implosion.
Former SF SAFE workers are filing complaints about unpaid wages and benefits, seeking justice and compensation.

SF SAFE workers file labor complaint against imploded nonprofit

Former employees of SF SAFE filed a complaint for unpaid wages and benefits but left disheartened.
SF SAFE facing financial mismanagement and investigations for labor violations.

SF SAFE Scandal Gets Way Bigger, With Allegations of Check Forgery, and Millions of Dollars Missing

SFPD-funded nonprofit SF SAFE is under investigation for financial mismanagement and alleged check forgery.
The organization has fired its executive director and temporarily halted operations.

Scandal-Plagued SFPD Partner Nonprofit SF SAFE Now Accused of Stiffing Local Florist Out of $17k

Allegations of financial mismanagement at SFPD-affiliated nonprofit SF SAFE, including a $17,000 unpaid bill at a florist.
Concerns of lavish spending on Tahoe trips, limo rides, and gift boxes by the nonprofit SF SAFE leading to a local scandal.

'We got blindsided': SF SAFE workers allege pay violations, hostile work culture

Long-term employees of scandal-ridden nonprofit SF SAFE felt shock and betrayal after its implosion.
Former SF SAFE workers are filing complaints about unpaid wages and benefits, seeking justice and compensation.

SF SAFE workers file labor complaint against imploded nonprofit

Former employees of SF SAFE filed a complaint for unpaid wages and benefits but left disheartened.
SF SAFE facing financial mismanagement and investigations for labor violations.

SF SAFE Scandal Gets Way Bigger, With Allegations of Check Forgery, and Millions of Dollars Missing

SFPD-funded nonprofit SF SAFE is under investigation for financial mismanagement and alleged check forgery.
The organization has fired its executive director and temporarily halted operations.

Scandal-Plagued SFPD Partner Nonprofit SF SAFE Now Accused of Stiffing Local Florist Out of $17k

Allegations of financial mismanagement at SFPD-affiliated nonprofit SF SAFE, including a $17,000 unpaid bill at a florist.
Concerns of lavish spending on Tahoe trips, limo rides, and gift boxes by the nonprofit SF SAFE leading to a local scandal.
moresf-safe

Morning Docket: 02.26.24

Law firms are financially strong overall, highlighting the contrast with those laying off staff.
IPO market heavily relied on cornerstone investors in the past year.

Guns and Goodies: How LaPierre Spent the N.R.A.'s Money

The case against the National Rifle Association revealed lavish spending by its executives on personal luxuries like clothes, food, travel, and gifts.
Wayne LaPierre, the NRA leader, justified extravagant spending as necessary for his public image despite facing allegations of misusing funds.

What Zombie Vice Will Try to Do Next

Vice ceased publishing on its website, emphasizing a shift to social channels
Ineptitude and financial mismanagement led to layoffs and a halted website

Eiffel Tower Is Closed for 4th Day as Its Workers Strike

Labor strike at Eiffel Tower affecting tourists
Workers striking over financial mismanagement for essential renovation

Golden Gate University Sued By Students And Alumni Over Poor Management

Students filed a complaint accusing Golden Gate University President of causing JD program closure by taking out loans for untested programs.
Allegations include poor management, lack of transparency, and financial irresponsibility in decisions leading to program closure.

Financial Fair Play: What is it, how does it work and who's in trouble?

Financial Fair Play (FFP) has changed the way football clubs operate by limiting their spending.
Clubs that break FFP rules can face sanctions such as point deductions and financial penalties.

Media startup The Messenger disintegrates, leaving staff nothing | TechCrunch

Media startup The Messenger is shutting down after only nine months of operation, leaving staff without severance or healthcare coverage.
The publication had lost $38 million of its startup capital and failed to raise additional funding.

A Philadelphia arts college closes abruptly, leaving students reeling

The sudden closure of the University of the Arts in Philadelphia raised concerns about higher education challenges and financial mismanagement.

Worker embezzled $750K, spent it on 'lavish' family vacations, California officials say

A woman embezzled $750,000 for lavish expenses and was sentenced to prison, demonstrating the consequence of financial fraud.

Husband Throws Wife Under The Bus When Their Law Firm Is At The Center Of Millions In Missing Client Funds

The Canadian attorneys' firm's trust account had missing funds leading to license suspensions, firm closure, lawsuits, and police investigation, impacting their personal and professional lives.

What drove Pittsburgh Technical College to close?

Financial mismanagement allegations led to Pittsburgh Technical College's closure, amid declining enrollment and internal conflicts.
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