
Brown’s office, working with the Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Institutions, recovered both the principal and the interest-totaling over $650,000-owed to the Trust. In the settlement, Harrison agreed to a lifetime ban from serving as a charitable trustee or officer of a public benefit corporation.
“Harrison looted college scholarship funds intended to help women graduating from high school achieve their dreams,” Brown said. “Today’s agreement makes sure that he is never in a position to steal from a non-profit again.”
Full Article and Source:
Brown Recovers College Scholarship Funds Raided by Trustee
4 comments:
No jail time?
Thank you Edmund Brown! This is an important step. Rarely are funds ever recovered.
Perhaps jail time will follow?
Thank you, AG Brown.
Post a Comment