Man, this kind of stuff is pretty rancid. Not a Florida thing, but sounds like something I have read about happening over and over again.
Lax regulation of Non profits, a useless board ignoring red flags. "We had No Idea". Yeah, when the founder is on the board, controls the accounting company doing 'audits', and the companies providing other services...
And a bunch of special needs people whose future was supposed to be taken care of, now at the mercy of bankruptcy court. Interestingly though the trust fund operated as a loophole in medicaid rules about means testing.
#Fraud #KleptoCEO
The founder of a St. Pete trust fund is accused of taking $100 million