October 18, 2007
Former Head Ordered to Repay Millions to His Family's Fund
A California court has ordered a former foundation executive and his associates to repay $35-million to a grant maker after losing millions of dollars of its money in shaky investments and creating bogus religious organizations to hide improper dealings.
A lawsuit filed by the Schlinger Foundation claimed that Evert I. Schlinger Sr., who was president of the foundation, as well as his son and three of their advisers, mismanaged and defrauded the family foundation, which has granted
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