Tuesday, July 31, 2007

Your Money Was Not Stolen

An AP story appearing in today’s Boston.com reports that during the last 3 years $1.3M has been embezzled from the Crotched Mountain rehab center in Greenfield, NH. Regulators and donors should not fear, however, for the center’s CEO Daniel Shumway assures the reporter:

Shumway said…None of the missing funds were from any government-funded program. "I also want to assure our supporters that none of the funds were taken from any charitable accounts intended for specific programs or projects,"

Spoken like a truly terminal accountant.

Somehow the center’s money is not fungible?

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