CARLHAYDEN
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« on: September 10, 2005, 12:22:11 PM » |
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Err America
The New York City Department of Investigation announced yesterday that Air America, the progressive talk- radio network, has made a full reimbursement of $875,000 to a charity from which it borrowed the money last year.
Both the agency and New York State Attorney General Eliot Spitzer are probing loans made by the Gloria Wise Boys and Girls Club to the network, deeming them "inappropriate transactions," given that Gloria Wise is supposed to finance programs for needy children and senior citizens.
What's more, Evan M. Cohen, who headed the network when the loans were made, simultaneously held a $74,000 job with Gloria Wise.
Meanwhile, Piquant LLC, owners of Air America, argued that it did not have to repay the loans because they were obtained by Mr. Cohen, who is no longer with the network. Nevertheless, officials agreed to repay the loan. That has been done, New York officials said in their stateme
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