Friday, December 21, 2007
New College Unravels
Our source on the Dr. Linda James Myers PHLUTE scam at New College of California informs us that Pamela Gilmore was a pawn used by Myers, possibly because of her husband Keith Jackson's San Francisco city hall connections. The source stressed the fact that Gilmore is now known to have been manipulated by Myers, and probably set up to take the fall. We have no reason to think otherwise, and have modified our earlier posts to more accurately reflect the nature of the relationship between Myers and Gilmore.
Ms. Gilmore would undoubtedly like us to delete these posts all together, or at least remove her name from them. We believe that was the reason for the recent contact by our source on her behalf. We are reluctant to do this for two reasons: 1. Gilmore has repeatedly exercised poor judgment when it comes to selecting associates and following legal rules and procedures enacted to prevent fraud, and 2. Gilmore, like it or not, is part of the historical record of the New College fiasco.
Related to this drama, our source also informed us that Dr. Myers has resigned, possibly as a result of court depositions, and that Myers and her husband are no longer employed by New College.
On another subject we broached this summer, our source claims that the Arlene Francis Foundation (or some other bank account controlled by New College trustee Peter Gabel) was used for depositing New College federal funds, possibly for interest skimming. Allegedly, NC trustee James Sweeney and his wife Renee Stonework (NC financial aid office) were involved in moving this money around, and might have taken a payoff to keep quiet.
It is not known if any of this is under investigation.
It is also believed by attorneys involved that New College bankruptcy is being seriously considered, despite claims to the contrary.
Ms. Gilmore would undoubtedly like us to delete these posts all together, or at least remove her name from them. We believe that was the reason for the recent contact by our source on her behalf. We are reluctant to do this for two reasons: 1. Gilmore has repeatedly exercised poor judgment when it comes to selecting associates and following legal rules and procedures enacted to prevent fraud, and 2. Gilmore, like it or not, is part of the historical record of the New College fiasco.
Related to this drama, our source also informed us that Dr. Myers has resigned, possibly as a result of court depositions, and that Myers and her husband are no longer employed by New College.
On another subject we broached this summer, our source claims that the Arlene Francis Foundation (or some other bank account controlled by New College trustee Peter Gabel) was used for depositing New College federal funds, possibly for interest skimming. Allegedly, NC trustee James Sweeney and his wife Renee Stonework (NC financial aid office) were involved in moving this money around, and might have taken a payoff to keep quiet.
It is not known if any of this is under investigation.
It is also believed by attorneys involved that New College bankruptcy is being seriously considered, despite claims to the contrary.
