CA AG’s Investigation of Dodger Dream Foundation Bolsters Case Against NaFFAA’s Exorbitant Consultants’ Fees |
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Sections - NaFFAAgate | |||
Written by Bobby M. Reyes | |||
Monday, 15 November 2010 15:36 | |||
California Attorney General’s Investigation of Dodger Dream Foundation Bolsters Case Against NaFFAA’s Exorbitant Consultants’ Fees As this writer has said for several years now, the diversion by the controlling clique of the National Federation of Filipino-American Associations (NaFFAA) of meager resources to “consultants’ fees” was highly immoral and irregular, if not illegal. The Los Angeles Times reported last Saturday, Like the Dodgers Dream Foundation, the NaFFAA is also a public-benefit entity. Both are 501 (C)3 not-for-profit corporations. As reported by this writer on May 8, 2008, which was just a reprint of a 2004 article in the www.pinoyonboard.com of New York City, the NaFFAA spent nearly 30% of its gross income for 2002 in paying seemingly-scandalous consultants’ fees: “This writer has exposed the financial abuses in the NaFFAA, like when it paid $132,878 in consultants’ fees in 2002. To read this charge of impropriety and other ‘sins’ of then NaFFAA national chairwoman, Loida Nicolas Lewis, please go to http://www.pinoyonboard.com/2004/0815_naffaa.html. The point of my contention was: How can a business that had gross revenue in 2002 of $445,783 spend $132,878 or 29.81% for consultants’ fees?” If the California Attorney General thinks that using 25% of a foundation’s expenditure for executive compensation might be illegal, how about the NaFFAA’s controlling clique’s use of nearly 30% of its gross income for consultants’ fees? To read the entire story about corruption in the NaFFAA, please click on this link, The “Embezzlement” Issues in the Menorgate/NaFFAAgate Scandals of San Jose To read the Los Angeles Times report about the Dodgers Dream Foundation, please click this hyperlink: http://www.latimes.com/sports/la-sp-newswire-20101113,0,7831907.story QUOTE. BASEBALL
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