We want to buy the screenplay rights because you simply cannot make this stuff up. Rye City let the cat out of the bag Wednesday afternoon, releasing the results of the Rye Golf Club investigation concerning rampant mismanagement and financial malfeasance (read pages 14 to 32).
We'll figure our how to serialize the report, because it reads like a gritty crime novel (but is unfortunately non fiction).
Thirty minutes after the release of the report, Rye Mayor Doug French released a statement saying "What the investigation shows is that at the very outset, an individual was able to manipulate a system that transcended over 6 years and across many, many roles and individuals. It is the City's Madoff moment where wrong-doing went unnoticed, and where there wasn't one break in the chain, but several. While we will pursue all avenues for restitution, we will also work to restructure our enterprise fund models and restore credibility."
Here is the final summary of the report:
"CONCLUSION
Based on these factual findings, the Council has concluded that the former General Manager of the RGC Scott Yandrasevich had a significant and undisclosed conflict of interest with respect to two RGC vendors, RM Staffing and Studio Y, in violation of Section 15.2 of the City of Rye Code of Ethics. The Council has further determined that Mr. Yandrasevich controlled RM Staffing, and that, over a six-year period, he used RM Staffing and its affiliated business Studio Y to steal many hundreds of thousands of dollars from the City of Rye.
To date, the investigation has not uncovered evidence that any current or former City of Rye employee other than Mr. Yandrasevich received improper financial benefits in connection with RGC’s relationship with RM Staffing and Studio Y.
The City Council has referred this matter to the Westchester District Attorney’s Office. The City Council will continue to consider additional appropriate remedial measures, including but not limited to implementing enhanced financial controls and procedures, pursuing civil claims and seeking to recover on the City’s employee theft insurance policy."
Recent Comments