Air America Could Be In Big Trouble
NY Daily News - A Bronx congressman yesterday praised the smooth takeover of dozens of programs serving thousands of youngsters and seniors across the borough after the city yanked funding from two sponsoring agencies that have come under a cloud.
The nonprofit Gloria Wise Boys & Girls Club and its affiliate Pathways for Youth found their city contracts, running into the millions of dollars, abruptly ended last month by the city Department of Investigation. . . .
In its initial announcement, the DOI said it was probing allegations that program officials "approved significant inappropriate transactions and falsified documents that were submitted to various city agencies."
According to published reports, the allegations involve Charles Rosen, the founder of Gloria Wise who has stepped down as executive director, investing city contract funds in Air America Radio, the liberal talk radio network.
Evan Cohen, Air America's former chairman, had served as Gloria Wise's director of development.
Seems pretty fish to me.
More:
Bronx News - 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 city’s 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 Investigation’s ongoing probe of the Gloria Wise Club’s reported transfer of funds to Air America...
I can't find any comment on this from anyone at Air America yet.
The fact that the money was allegedly a loan that has not been paid back would seem to indicate that the radio station is having serious money problems.
I wonder if the loan took place back around the time Air America was having problems paying for its air time. If so it would appear as though Air America only managed to stay on the air by taking money from the poor and underprivileged. Something the demagogues who regularly broadcast on Air America's shows routinely accuse the Republicans of.
Keep an eye on Michelle Malkin's post on this subject for more.












