Smilesavers' Legacy Stained ; Charitable Dental Agency Apparently Undermined by Mismanagement and Misconduct
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Summary
As the financial disintegration became acute at SmileSavers last summer, Director Larry Momo cut staff salaries and helped himself to a third personal loan.
By fall, employees of the charitable dental agency were rushing to cash their paychecks before they bounced. And when board members confronted Momo about rumors of red ink in September, he admitted SmileSavers was $150,000 in debt.See the full content of this document
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Smilesavers' Legacy Stained ; Charitable Dental Agency Apparently Undermined by Mismanagement and Misconduct
That estimate is quite low. Five months after 61-year-old Momo was fired, however, no one knows exactly how much money vanished under his tutelage.
There are plenty of tantalizing clues as to how it happened, according to past employees and state records. They include Momo leasing expensive cars, having SmileSavers cover his personal credit card expenses and treating himself to weekend getaways in Cannon Beach, Ore.There's Finance Manager Lisa Harms defying orders to write a check to the Internal Reve...See the full content of this document
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