Wednesday, May 15, 2013

Executives Take $15 Million From San Francisco Schools


by Gary Snyder

Six current and former San Francisco school district employees are facing charges that they embezzled some $15 million in grant money from the district. District Attorney George Gascon and Schools Superintendent Richard Carranza announced the felony grand theft and embezzlement charges. 

Prosecutors say the six diverted the federal and state grant money into hidden slush fund accounts through several nonprofits over a 10-year period. Among those facing charges are a former associate superintendent and two former senior executives. (source)
Gascon says about $4.7 million of the grant money has been recovered so far. The investigation is continuing.




Nonprofit Imperative gathers its information principally from public documents...some of which are directly quoted. Virtually all cited are in some phase of criminal proceedings; some have not been charged, however. Cites in various media: Featured in print, broadcast, and online media outlets, including: Vermont Public Radio, Miami Herald, National Public Radio, Huffington Post, The Sun News, Atlanta Journal Constitution, Wall Street Journal (Profile, News and Photos), FOX2, ABC Spotlight on the News, WWJ Radio, Ethics World, Aspen Philanthropy Newsletter, Harvard Business Review, Current Affairs, The Chronicle of Philanthropy, St. Petersburg Times, B, USA Today Topics, Newsweek.com, Responsive Philanthropy Magazine, New York Times...and many more Nonprofits: On the Brink (2006) Silence: The Impending Threat to the Charitable Sector (2011)
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