Could Be Worse - SSA

It seems to me from the latest letter that most of the effort is on focusing
the blame on the CFAO instead of the BoD. IMO, the core fault is on the
Board for not implementing the audits they were required to do, as quoted
here from a letter:
"Over the ensuing years, the Board decided not to spend funds on audits,
instead allocating money on other tasks felt necessary to grow the Society."

Therein is the core problem. Had they done the audit, this would not have
happened.


"Mike Schumann" wrote in message
ink.net...
The news also included a comment about referring the mater to the SSA's
attorneys and the Hobbs police dept, with no further details. It would
have been nice if they had shared more information on what was going on.

Mike Schumann

"Shawn Curry" scurryfifenynteam@comcastdotnet wrote in message
. ..
From the SSA e-news service, I assume this it's on the member web site
too:

"State of New Mexico authorities have already informed us that no
interest or penalties will be imposed. We are working diligently with
the IRS to mitigate federal penalties and interest."

Also, it sounds like the Society has endowed funds that may be able to
pull its (our) ass out of the fire -this time- at the cost of the
endowment and, no doubt, incurring the ire of those who've funded it.

Shawn