Mood:
surprisedTopic: Lib Loser Stories
Youth funds diverted to liberal radio station
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.
Most of the Gloria Wise Club’s 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 city’s 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 Rosen’s sole motive, even if it was a bit na?ve, was to benefit the Gloria Wise Club with the interest that Air America would pay for its loan from the local club.
The city’s 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 Alzheimer’s patients and their caregivers and the other for the community’s NORC program for senior citizens. The grant for the program for Alzheimer’s 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.
Bronx News - Gotham Community Gazette ~ Michael Horowitz ** Youth funds diverted to liberal radio station
Hat tip to Michelle Malkin, who has links to other information about the story...Michelle Malkin.com ** AIR AMERICA: STEALING FROM POOR KIDS?! Front Page Magazine.com ~ Michelle Malkin ** AIR AMERICA: STEALING FROM POOR KIDS?!
Posted by uhyw
at 9:07 AM EDT
Updated: Wednesday, July 27, 2005 9:17 AM EDT
