Skip to comments.Youth funds diverted to liberal radio station.. (What else..ERR AMERICA)
Posted on 07/26/2005 11:36:57 PM PDT by carlo3b
Youth funds diverted to liberal radio station
by Michael Horowitz
July 5, 2005
The Bronx News has learned, through informed sources, that the diversion of hundreds of thousands of dollars from the Gloria Wise Boys & Girls Club in Co-op City to the liberal Air America Radio is at the center of the citys probe of corruption at the local club.
The money, which was reportedly paid to Air America as a loan, was supposed to be paid back with interest, two unidentified informed sources told the News. One source added that Air America officials, led by an official of the Gloria Wise Club, agreed to help the local club by publicizing its activities.
To date, no indictments have been handed down in the New York City Department of Investigations ongoing probe of the Gloria Wise Clubs reported transfer of funds to Air America.
Most of the Gloria Wise Clubs programs are for the Co-op City community, but the club also runs after-school programs in the Baychester/Edenwald and Soundview areas.
At the center of the investigation, in addition to Charles Rosen, the charismatic leader of the local club for the last 15 years, is Evan Cohen, who resigned, under fire, as chairman of Air America Radio shortly after its start as an alternative to conservative talk radio.
Cohen, at the time the alleged transfers of funds from the Gloria Wise Club to Air America took place, was also the director of Development for the local boys and girls club, the News has learned.
One source told the News that $480,000 in funds from the Gloria Wise Club is involved in the citys investigation of illegal transfer of funds from the local club.
A second unidentified source stressed that Rosen never sought to profit personally from the reported loan that the Gloria Wise Club gave to Air America. The source emphasized that Rosens sole motive, even if it was a bit naïve, was to benefit the Gloria Wise Club with the interest that Air America would pay for its loan from the local club.
The citys DOI is pursuing the probe because the Gloria Wise Club depends heavily on city funding for its operations. These funds are subject to extensive audits, as are funds received through the state and federal governments.
The Co-op City-based club, which Rosen has built into an empire in the Co-op City community, reportedly has 19 contracts and at least one grant with the city, worth a total of $9.7 million.
Over the last year, Rep. Joseph Crowley has secured two major federal grants for the Gloria Wise Club, one for a day-care program for Alzheimers patients and their caregivers and the other for the communitys NORC program for senior citizens. The grant for the program for Alzheimers patients and their caregivers was for $250,000, while the grant for the NORC program was for $99,410.
In 2003, Crowley secured a $218,500 grant for a mentoring program that the Gloria Wise Club runs.
Cohen, who is reportedly at the center of the Gloria Wise probe, is a Guam-based investors who was reportedly a key principal in the start-up of Air America, which has been billed as the liberals answer to conservative talk-show hosts like Rush Limbaugh, Shaun Hannity, Bob Grant, Michael Savage, and G. Gordon Liddy.
I just got this on an email, did a FR search and of course FReepers are already right on top of the story.
It would be mildly funny (ironically speaking) if it wasn't stealing from people who need the resources. I think I'll send this out to my email list.
Are we going to see RICO charges against Stuart Smalley?
BTW, What did Al Franken know and When did he know it?!
Thanks for the ping.
Would this be a big story if Rush was stealing from children? Can someone at the New York Times tell me the ethical difference between a liberal stealing money from kids and a conservative doing it? Because I damn sure will bet the farm that the New York Times would cover this big time if Rush had done this...
At worst: A scheme to skim interest from illegal loans to float a floundering network.
Thanks for the ping!
Thanks for posting this! It's going out to everyone I know.
Libs just can't do anything without cheating....Grrrrrrr.
It's GW's and Rove's fault. So many of the big time donors to the rats went to jail like Martha did. Their rat donations went to legal fees, and their income flow was devasted.
We "ain't" seen nothing yet. The split of the labor unions will result in less union thug money for the rats.
The rats become more dependent on George $oreA$$'s money each day. Each day $oreA$$'s buys more control of the Rats.
Maybe it is an effort to secure funds for Her Heinous' "Clinton Youth"..
This organization is a 501(c)(3) Public Charity and is required to file an IRS Form 990 (Return of Organization Exempt from Income Tax). To view these documents go to www.guidestar.org. Unfortunately, the latest return is for fiscal year ending 6/30/2003 and may predate this corruption.
I don't know about Spitzer but I bet Neil Cavuto is all over this today.
Rush is out until next week. In fact, there's another thread speculating that because Dagyn (from CNN) is also out, they may be off getting hitched!
What about the "Rush is gay" rumor?