Forensic Audit Request: Conflict Of Interest

Forensic Audit Request: Conflict Of Interest
August 1, 2007
Despite Milt Johns’, General Manager of Professional Community Management (PCM) emphatic defense of his business practices, the Laguna Woods Village oversight committee continues to call for Johns’ removal, as well as a call for a forensic financial audit.
“The Laguna Woods Village Oversight Committee has lost trust and confidence in the ethics of Professional Community Management Management’s leadership. The Oversight Committee has researched documents, taken reports from former board directors, PCM (whistle-blowers) employees and have detailed inspection of Laguna Woods Village facilities. These findings have been recorded and presented to legal authorities via a DVD’, writes Paul Loughrey, Oversight Committee Chairman, in a document released to the media titled “Conflict of Interest”
The document alleged violations of 501(C)3 self-interest restrictions, and requests the board for immediate removal of his self-interest status: “ Mr. Johns has held closed meeting inviolation Davis-Stirling Act and has threatened board members with law suits. The community has documents that indicate Mr Johns has misused/misapplication of Laguna Woods Village assets and resources. We are asking the board for immediate removal of his “self interest” status”.
Further, the Laguna Woods Village oversight committee is requesting a forensic audit: “We enter this request for a forensic audit on August 1, 2007 and expect to have this request administered within 30 days of this writing. If PCM or Housing Mutual do not act upon this document then the community considers this a breach of fiduciary contract and expects 90 day termination as per PCM’s management contract”

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