Chapter 16 - THE FOUNDATION FILE
An independent audit began.
Slow.
Boring.
Essential.
Sarah’s forged resignation mattered because she had been the strongest voice demanding lower executive fees and stricter conflict rules.
Once she disappeared, Warren gained more control.
Thomas gained fees.
Several investments shifted.
Were they stealing $38 million?
No.
That would have made everything simpler.
Most foundation assets remained intact.
Charitable grants were real.
Investments generally performed.
But approximately $3.1 million in fees and related-party contracts had been approved under governance structures that would likely have faced Sarah’s opposition.
Warren’s firm received $1.2 million.
Thomas’s companies approximately $1.5 million.
Other related parties the rest.
Their motive was not to drain the foundation.
It was to remove the person who asked expensive questions.
Marcus wanted Sarah’s private trust.
Warren wanted Sarah gone from governance.
Their interests aligned.
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One helped isolate.
The other paid.
