“I can do that.”
The investigation lasted months.
The results were worse than we had initially feared.
The independent forensic accountants identified additional improper payments connected to Caroline’s private business interests.
Some invoices had been disguised as consulting fees.
Others had been described as redevelopment expenses.
The Blue Cypress account had received funds that should have remained available for shelter operations.
Caroline’s attorney initially argued that the transfers were temporary financing arrangements.
But the records told a different story.
There were no properly approved loans.
No authorized investment agreements.
And no legitimate reason for charitable funds to have been used to support her private property venture.
The proposed sale of Vale House was abandoned.
