Audit of Amistad Months Overdue
July 7, 2014
TheDay.com: Seven months after it was supposed to be finished, a firm hired by [Connecticut] continues to work on its audit of how Amistad America spent $8 million in state funding under its former president and CEO Greg Belanger.
Gian-Carl Casa, the undersecretary for legislative affairs at the state Office of Policy and Management, confirmed Tuesday [July 1, 2014] that the auditors are now looking at how the financially troubled organization spent a $280,000 loan it received from TD Bank. The bank placed a lien on the ship for nonpayment in July 2010 but filed a satisfaction of the lien seven months later, according to Coast Guard records.
Read more about the audit of the Amistad.