Jimbo's financial irregularities?, merged with "WMF finances" Options

[dogbiscuit]

In amongst the tittle-tattle, there have been some bits and pieces popping out about how Jimbo has been misusing WMF funds and failing to keep proper account of his spending. It is rather reminiscent of that felon employee and the "no money is missing, but if it is, I'll pay it back myself" approach.

It would be a shame to have the proper exposure of these serious, potentially criminal activities covered up by Jimbo's mid-life crisis. What do we have courtesy of Danny?

• WMF funding private expenses of Jimbo without any apparent control of his expenditure in advance.
• Jimbo reimbursing inappropriate expenditure via a donation rather than a direct payment.
• The suggestion that the reimbursement value was negotiated, rather than properly backed up by receipts. If this is the case, was the WMF in reality properly reimbursed?
• If there have been substantial amounts ($30,000) owning for several months, then surely a charity should be reimbursed for the interest lost due to offering unauthorised free loans. These are not trivial amounts of money, and Jimbo should be repaying several thousand dollars for this.
• We are also aware that Wikia Inc activities have been performed while Jimbo is on tour financed by WMF. How has Wikia Inc. reimbursed the WMF for its proportion of the costs?
• I'm not sure of his point, but Danny seems to suggest that some payments that Jimbo took (honorariums), rightly belonged to the WMF - the "gold washing machine".

I think if I was the auditor of the WMF, I'd be rather nervous of my professional standing. We are told, by Jimbo, that all these indiscretions are in the past, but as the auditing process did not make these issues public, did not qualify the accounts or bring these to the attention of the public, we simply wonder what other issues are lurking to be found out. Jimbo does not have any moral concerns about abusing the charity status of the WMF, as he does not generally seem to be troubled by morals.

I should think Jimbo will have a busy couple of days getting his expense claims squeaky clean. once he has finished dealing with his other dirty laundry.

I'm pretty sure that in the UK the charity commission would be breathing all over him by now. Time for Jimbo to step down from WMF.

This post has been edited by dogbiscuit:

[Somey]

I'm pretty sure that in the UK the charity commission would be breathing all over him by now.

I'm not sure there's an analogue to the UK Charity Commission in the United States - rather, the IRS, and to a lesser extent state-government tax agencies, handle almost all issues regarding use and misuse of charitable contributions, and whether or not an organization qualifies for charitable status. And generally speaking, their definition of what's acceptable seems to be a lot broader than the UK's definition. That inevitably leads to more scandals, but I guess the theory is that it's better to have scandals than to destroy people's faith in the system.

As for the auditor(s) themselves, I doubt they have anything to worry about - at least as long as they can plausibly claim that they weren't lying on the WMF's behalf, and I can't imagine the WMF managing to get a reputable auditor to do that for them. (That doesn't mean the WMF didn't try to mislead the auditors in some way, of course - and it's not like they could expected to conduct some sort of heroic super-sleuth investigation of their own client in order to bring them into disrepute... that's certainly not what they're hired for, obviously.)

So if anything is going to happen to the foundation's charitable status (which I personally have always considered rather bogus), it's going to require not only a lot of number-crunching with a limited set of figures (basically their public financial reports and tax returns only), but also a US-based person or group willing to go to the trouble and expense of registering a formal complaint with the IRS. I don't see the IRS initiating something like that on their own, unless the number of sex scandals reaches some completely unreasonable number, whatever that might be. Ten? Twenty?

What would be involved in registering such a complaint, anyway? I mean, if it's just a matter of filling out the appropriate forms... (IMG:smilys0b23ax56/default/unsure.gif)