Originally posted September 27, 2014
Berkeley-The financial shenanigans at Pacifica Radio, which former ED Summer Reese referred to in this April 1 interview, have impacted one of the foundation’s two employee retirement plans as $92,415 has potentially flown the coop. An outside audit by Helin Donovan, required by the pension plan’s 3rd party administrator, revealed 2012 deposits (due 9-30-2012) were never made, despite an affirmation by Pacifica’s auditor Armanino that the 2012 payments *were* made. The $200,101 amount Armanino states was paid into the network’s two retirement plans matches the records in the CFO’s financial statements (Lines K112-113) exactly. Continue reading Pension Fund Cover-Up