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: Mon 3rd March 2008, 10:12am

[Kato]

Kelly Martin is now asking the question: Who do you trust on the matter of Jimbo's financial antics?

On the one hand you have Sue Gardiner saying one thing, then Florence saying another.

http://nonbovine-ruminations.blogspot.com/...-you-trust.html

this is interesting:

"It may have been a mistake Jimbo, but you originally actually asked the Foundation to pay for that dinner. I find tiring to see how you are constantly trying to rewrite the past. Get a grip ! You asked the Foundation. Michael told you "no". Then you asked Wikia. And for whatever reason (I do not know), you ended up paying yourself."

Kelly also questions Jimbo's real financial status compared to the oft-stated facts

http://nonbovine-ruminations.blogspot.com/...immy-house.html

Who do you trust?

[WhispersOfWisdom]

Kelly Martin is now asking the question: Who do you trust on the matter of Jimbo's financial irregularities?

Kelly also questions Jimbo's real financial status compared to the oft-stated facts

http://nonbovine-ruminations.blogspot.com/...immy-house.html

So much for public scrutiny...who would ever want it...really?

1.) As for the house and the sale and the taxes, there is an exemption in the U.S. up to and including a large amount for couples and individuals. No tax would be due.

2.) Good financial planning and trusts and land trusts will make finding assets and proof thereof, nearly impossible to find and / or establish (i.e., who has any money that Jimbo may or may not have made, or is making.)

***
Frankly, the amount of money he has or doesn't have is meaningless to me. What does matter is that if he is not truthful or cannot lead as a beacon of strong morals and act as a man of integrity, the WMF will surely fail to attract the necessary funds to survive.

The WMF does not have the funds to compete in the internet world...long term. The Foundation should consider a corporation merger soon. Wikia is not making it.

If Jimmy has a problem with honesty, he will fail as a leader, husband, partner, and as a person.