Monday, July 21, 2008
Wednesday, July 16, 2008
Giving Back to the Community
Mayor Kwame Kilpatrick’s legal defense fund will return $4,500 to two contributors. In one case $1,500 is being returned to Livonia-based Advanced Air Services. The Reason? Company President Ross Bates had been told the money would go to a youth group, not Kilpatrick, whom he does not support. have any other funds been misappropriated?
The remaining $3,000 is being returned to S.A. Restaurants Inc. . S.A. Restaurants is the location of the Penthouse Club in Detroit. In 2001 the location housed another strip club called City Heat. One of its operators, the son of a reputed organized crime figure, was gunned down in the middle of 8 Mile Road.
On another note,the defense fund's IRS filing noted that Donald Davis, president of First Independence National Bank, donated $50,000. He claims that he has only donated $25,000 and has no further involvement in the fund. Kilpatrick wants First Independence to be an investment manager for his proposed stimulus bond sale. Davis also stands to make $4.5 million over 5 years by leasing computer software to the city through another company he runs if a separate contract is approved.
Is this an example of shoddy bookkeeping by the defense fund or are they trying to shield $25,000 worth of contributions from other sources? Will all of this sloppy accounting draw the attention of the IRS? We can only hope.
The remaining $3,000 is being returned to S.A. Restaurants Inc. . S.A. Restaurants is the location of the Penthouse Club in Detroit. In 2001 the location housed another strip club called City Heat. One of its operators, the son of a reputed organized crime figure, was gunned down in the middle of 8 Mile Road.
On another note,the defense fund's IRS filing noted that Donald Davis, president of First Independence National Bank, donated $50,000. He claims that he has only donated $25,000 and has no further involvement in the fund. Kilpatrick wants First Independence to be an investment manager for his proposed stimulus bond sale. Davis also stands to make $4.5 million over 5 years by leasing computer software to the city through another company he runs if a separate contract is approved.
Is this an example of shoddy bookkeeping by the defense fund or are they trying to shield $25,000 worth of contributions from other sources? Will all of this sloppy accounting draw the attention of the IRS? We can only hope.
Tuesday, July 15, 2008
Is the Well Running Dry?
Today's Detroit Free Press is reporting that almost all of the $185,600 raised since Mayor Kwame Kilpatrick’s legal defense fund was formed in April has been spent.
Click here to see the filings with the IRS. It contains the list of contributers as well expenditures.
Click here to see the filings with the IRS. It contains the list of contributers as well expenditures.
Sunday, July 13, 2008
Postponed
The 100th running the Gold Cup has been postponed until 2009 due to high winds. During the first elimination heat for the Unlimited Hydroplane Class, Mike Allen in the flipped his boat. No further completion took place.
Sunday, July 06, 2008
Homer, Michigan
I made a visit to Homer Michigan this past spring to attend a book signing. Homer's High School baseball team set a national record for consecutive wins at 75. This one stoplight town is near Marshall.