Rick Snyder Will Shut Down Secret Michigan NERD Fund, Still Hasn't Revealed Donors
Source: Huffington Post
Rick Snyder Will Shut Down Secret Michigan NERD Fund, Still Hasn't Revealed Donors
Posted: 10/21/2013 5:52 pm EDT | Updated: 10/21/2013 5:52 pm EDT
Gov. Rick Snyder (R-Michigan) will shut down a secret fund that paid salaries to his trusted advisors, living expenses for Detroit's emergency manager, and new furniture and security for the Governor's residences, one of his spokepersons confirmed to The Huffington Post.
The "NERD" fund, an acronym for "New Energy to Reinvent and Diversify Fund," is a nonprofit, but all the donors' names have been kept anonymous from the public. Gov. Snyder testified in bankruptcy court last week that he did not know any of their identities.
“There’s an independent board that does that work," Snyder said under oath, according to the Detroit News.
In 2011, the secretive fund raised more than $1.3 million. But there's been a sharp drop-off in donations for 2012, with only $368,000 being raised, according to a copy of the 2012 IRS return obtained by the Detroit Free Press.
Read more: http://www.huffingtonpost.com/2013/10/21/rick-snyder-nerd-fund_n_4137639.html
= new reply since forum marked as read
And I'm just cryin' a river, believe you me!
