How do people NOT get fired for this sort of incompetence?
Read this article, please, and tell me how the people associated with this part of it
In 1986, there was the fourth husband: Thomas Kaplan, a psychologist and son of a prominent financier and philanthropist. They filed for divorce in 1999. Their large home in the Riverdale section of the Bronx was lost in foreclosure, and Ms. King had to file for bankruptcy, both personally and for her business, King Administrators.
Some of the bankruptcy filings made note of several hundred thousand dollars in personal expenses from Ms. King’s business accounts, including tuition for her children at the Fieldston School in Riverdale and large payments to Neiman Marcus. The bankruptcy trustee, Yann Geron, passed the information in early 2000 to federal prosecutors in Manhattan, records show.
“She was using company funds to pay personal expenses,” Mr. Geron recalled in an interview. “I did see problems, and I made a referral.”
No criminal charges were brought against Ms. King, and she went on with her life. She moved to a large house on a quiet street in Irvington, and continued to operate her business under a new name, King Care.
How is it that every person involved at this juncture is not being prosecuted, fired or both? Is this not another Madoff like theft?
400 members, people who bust their asses at hard core blue collar jobs are possibly sitting on ZERO benefits and ZERO money at retirement? Who fixes this? How?