SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (64834)8/2/2005 2:05:33 PM
From: tontoRead Replies (1) | Respond to of 81568
 
You are blinded, so I know that you are dumb.

Corruption is rampant in the U.N.

Bolton is a jerk.

Maybe they deserve each other...the U.N. really does not do much anyways, so I could care less who is there.



To: American Spirit who wrote (64834)8/2/2005 2:20:13 PM
From: longnshortRespond to of 81568
 
Franken Unaware Of Ex-Colleague's Alleged Loans

BY DAVID LOMBINO - Special to the Sun
August 2, 2005

The comedian Al Franken, Air America Radio's most prominent host, said yesterday that he did not know whether the hundreds of thousands of dollars apparently lent to the radio network by a Bronx social-service organization had indeed been relayed to Air America by Evan Montvel Cohen. Mr. Cohen simultaneously served as director of the liberal network and development director of the nonprofit Gloria Wise Boys & Girls Club.

The Gloria Wise club, which serves 20,000 clients in Co-op City, has gotten millions of dollars a year in government funds. The city's Department of Investigation announced in June the suspension of Gloria Wise's city grants and contracts because of allegations of "inappropriate transactions."

Mr. Franken said he has learned details of the story only in the last week. He said Piquant LLC, current owner and operator of the radio network, found a record of the transfers while conducting a "forensic" investigation into the finances of the previous owner, Progress Media, which was run by Mr. Cohen. That internal probe was conducted before the city agency became involved, Mr. Franken said. Efforts by The New York Sun to reach Mr. Cohen for comment in recent days have been unsuccessful.

A Piquant spokesman said yesterday that Gloria Wise would be compensated regardless of the amount of money it transferred. Mr. Franken said he did not know if money from Gloria Wise had been absorbed by the network and used to finance its operations. He said Piquant's payments to Gloria Wise were scheduled to begin this month but were prevented from going through while the city investigation continued.

A spokesman for the Department of Investigation, Keith Schwam, said that if Air America discovered the transfers before the city probe began, "They neglected to tell anyone at DOI or in the city about it."

Mr. Franken said that around the time of Air America's launch in March 2004, Mr. Cohen said the radio network could survive for three years without making a profit." It turned out to be three weeks," Mr. Franken said. "We were all shocked." Mr. Franken said his most "charitable" interpretation of the Gloria Wise transfers to Air America was that Mr. Cohen had a "dream and tried to keep it going."

Members of the Gloria Wise executive committee described to the Sun transfers from the club to Mr. Cohen and to Air America that totaled $875,000. They said Sunday that one reason Mr. Cohen cited when asking for personal loans was that he needed money for chemotherapy because he suffered from brain cancer.

Mr. Franken said he did not know whether his former colleague had the disease, but he recalled that Mr. Cohen, a native of Guam who is 39, referred repeatedly to it. For example, Mr. Franken said, he'd complain to Mr. Cohen that studio equipment wasn't working, "and he'd say, 'You know, I have brain cancer.'"

... in part

nysun.com