WhatGoesAroundComesAround_DavisRob

William Aramony, the high-living ex-chief of United Way, was
sentenced to seven years in prison Thursday for looting the coffers
of the nation’s largest charity network. Aramony’s lawyer asked for
leniency saying his client, 68, suffers from a degenerative brain
disease and other medical problems. But U.S. District Judge Claude
Hilton gave Aramony all but one of the eight years he faced under
federal sentencing guidelines. “This is a tough, hard sentence that
certainly sends a message to anyone responsible for stewardship of
charitable accounts,” said Assistant U. S. Attorney Randy Bellows.
Aramony headed the United Way for 22 years before allegations of
financial impropriety forced him to resign in 1992. During the trial,
prosecutors portrayed Aramony as a corrupt womanizer who spent
hundreds of thousands of dollars of the charity’s money to finance
flings with young women and trips to Egypt, London, Paris and Las
Vegas. Bellows put the final tally in the amount Aramony defrauded
United Way at $1.2 million.
On April 28 and June 29, 1995, the Wall Street Journal contained the
three following stories. They were extraordinary in that they all
involved people who were not only in positions of trust, but who also
knew from firsthand experience the utter foolishness of the very
activities in which they engaged.
Headline – Citron Pleads Guilty in Probe of Orange County Loss
Former Orange County Treasurer, Robert L. Citron, responsible for
the biggest municipal bankruptcy ever, pleaded guilty to six felony
charges of misleading investors and misrepresenting interest
earnings from the county’s doomed investment fund. Under a
surprise plea, the county’s 69-year old deposed top financial officer
admitted making false entries and misappropriating public funds.