The outgoing Minneapolis NAACP branch executive committee pulled out of the Hollman lawsuit early this year. The branch received money from the federal government to monitor implementation of the Hollman agreement. Some of that money was deposited in 2 noninterest bearing investment accounts (initially through piper jafrey, then US Bank), both having balances of about $80,000 each. That Hollman monitoring money was recently transferred to the branch's checking account and spent for other purposes, including money spent by Brett Buckner on several projects without proper authorization by the branch.
The new branch leadership, especially the treasurer and president, will need to see that the financial books are audited, and that all of the Hollman money is accounted for. All of the Hollman money should have been segregated from funds derived from other sources and used only to pay for monitoring of the Hollman agreement. If the money from the Piper-Jaffrey / US Bank accounts came from the federal government as part of the Hollman settlement, but was not used to monitor the Hollman agreement, then the money should have been returned to the federal government. The old leadership may be in contempt of court if Hollman money was diverted to pay for other projects, which appear to be the case. The new leadership will be in the same vat of legal hot water as the old executive committee if it does not immediately take steps to determine whether and how Hollman money was misappropriated, and take steps to recover and refund to the federal government any misspent funds. -Doug Mann, King Field REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
