| Hospitality association audit shows $400000 missing An independent audit of the South Carolina Hospitality Association has revealed nearly $400,000 missing from the association's accounts, according to a source close to the investigation. The source says the hospitality association was run "like a one-man show," with Sponseller handling education, lobbying and administrative duties by himself. In the note, Sponseller reportedly said Duncan "had become like a daughter" to him. The Secret Service monitors offshore wire transfers and became involved in the investigation because several of the missing money was used for gambling on overseas web sites, our source says. in Columbia. Sponseller's handwritten suicide note mentioned his disappointment and embarrassment at the hundreds of thousands of dollars missing from the organization he helped found. The investigation into the missing money led to the suicide of the association's CEO, Tom Sponseller, last month. Secret Service investigation into the missing funds, though she has never been charged. The board is scheduled in order to meet Thursday to discuss the findings of the audit and other matters. The reason for the news conference has not been disclosed. |
Friday, 9 March 2012
Hospitality association audit shows $400000 missing
