re: Ok, who is the source for the OLOL rumors?

Delete

quote:

---

WOW. The OLOL story is the vehicle for the WW cheating and therefore the same.

---

You might want to read up a bit on the two situations and edit your response. As of now, they are two separate issues. Further, at this time, the OLOL story is exactly this: the OLOL Foundation CEO was arrested after it was discovered he was embezzling money from the foundation for unknown purposes. OLOL hired Deloitte to perform an audit and the audit report is being presented to the FMOL and OLOL boards today.

Please pay extra attention to where the OLOL story and the WW story intersect. Oh wait- never mind. They don’t. At least as far as anyone knows. I would suggest not being so quick to call someone out when you yourself don’t know the story.

quote:

---

I told you lucky guess. I just put 2 and 2 together based on common sense and what was in the press. Looks like I need to take these mad skills to Vegas.

---

You and Jerome Corsi would break their backs.

quote:

---

You might want to take you own advice. He has never been arrested, or even charged.

---

You are right. I misspoke. He was fired and is currently under investigation. He has not been arrested or charged with any criminal wrongdoing.

BATON ROUGE, LA – Our Lady of the Lake issued the following statement today:

“Working with a leading independent third-party financial audit firm, we have recently completed a comprehensive evaluation of fraudulent activities committed by Mr. John Paul Funes and the safeguards we have in place to protect our ministry and the funds we raise through our Foundation.

We’ve identified approximately $810,000 lost due to fraudulent activity committed by Mr. Funes, former president of the Foundation. We will complete replacement of those funds within the next 30 days and will seek restitution from Mr. Funes.

The work by the independent third-party firm has confirmed that Mr. Funes acted alone and was the only member of the organization involved. Over several years, he orchestrated a series of fraudulent transactions that involved the purchase and distribution of gift cards, charter flights and payments to individuals, including forged documents, invoices and signatures. He misled hundreds of people in and outside of our organization.

The forensic investigation also revealed two questionable issues that warranted we notify legal counsel for LSU. Since we are not involved and the outcome does not impact our operations, we will not have any further details or comments on this issue.

Although no system is foolproof, we will do everything we can to ensure this doesn’t happen again. Our donors’ contributions are safe and being used with integrity and responsible purpose. The work we’ve done with the third-party audit has given us a clear roadmap to address the vulnerabilities Mr. Funes exposed. We’ve already begun immediate changes including additional approvals for expenditures and more oversight on adherence to our policies and processes.

We continue to cooperate with law enforcement. We remain shocked and appalled by Mr. Funes’ fraudulent activities and are truly sorry for the harm that he has caused our community.”

Statement from Julio Melara, Chairman of the Our Lady of the Lake Foundation and Member of the Our Lady of the Lake Board - "The results of the third-party investigation have provided our ministry with the answers to how we fell victim to Mr. Funes' pattern of deception and offer a clear path forward to make sure this never happens again. Mr. Funes acted alone and abused the trust he had gained over nearly two decades.

We remain grateful for your continued prayers and devotion to our Foundation and the Sisters’ ministry in Louisiana.”

Statement from K. Scott Wester, Our Lady of the Lake President & CEO - “The situation that occurred in our Foundation has hurt so many people and we’ve been working to understand the details in order to put things right and move forward. My promise is integrity for everyone in the community and the organization to ensure the contributions to our ministry are protected and safe and going toward the good work that our donors trust and expect.”

I'm wondering if some heavy hitters in SELA are at risk from this and may be in the LSU administration's ear.

There is nothing surprising in that release by OLOL. Virtually all of it was common knowledge.

(no message)

quote:

---

Any chance CEO is making this up to try to account for missing money?

---

Ummm- not a chance in hell. You don’t bring in Deloitte with a made up story.

quote:

---

But then the truth gets in the way

---

Yes, the truth does get in the way. You disappeared after the report was released. It's a big nothingburger, just as I said all along.