#financial-mismanagement

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sf-safe
Mission Local
2 months ago
Mission District

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. [ more ]
Mission Local
2 months ago
Mission District

'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. [ more ]
sfist.com
2 months ago
SF food

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. [ more ]
sfist.com
3 months ago
SF food

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. [ more ]
moresf-safe
www.theguardian.com
1 month ago
London

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. [ more ]
Theregister
1 month ago
Artificial intelligence

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. [ more ]
Above the Law
2 months ago
Law

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. [ more ]
www.nytimes.com
2 months ago
New York City

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. [ more ]
Slate Magazine
2 months ago
Media industry

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 [ more ]
TechCrunch
3 months ago
Media industry

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. [ more ]
www.nytimes.com
2 months ago
Europe news

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 [ more ]
Above the Law
2 months ago
Education

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. [ more ]
The American Conservative
3 months ago
Right-wing politics

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 [ more ]
FootballFanCast
3 months ago
Chelsea

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. [ more ]
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