S&P 500   4,574.79
DOW   35,756.88
QQQ   379.12
S&P 500   4,574.79
DOW   35,756.88
QQQ   379.12
S&P 500   4,574.79
DOW   35,756.88
QQQ   379.12
S&P 500   4,574.79
DOW   35,756.88
QQQ   379.12

Review: Former Columbus Zoo executives misspent $630K

Friday, August 20, 2021 | Julie Carr Smyth, Associated Press

COLUMBUS, Ohio (AP) — Trustees of the Columbus Zoo and Aquarium said Friday that financial abuses by four former executives cost the institution more than $630,000, a new detail in the scandal that has marred the reputation of one of the nation’s largest zoos.

A forensic analysis ordered by the zoo’s board of trustees showed money collected through a zoo levy that pays for animal care not was involved, however.

The review was ordered after a Columbus Dispatch investigation showed apparent improprieties by the zoo’s then-chief executive and chief financial officers, including misuse of zoo properties and sports tickets.

The review ordered by trustees found a former marketing vice president and purchasing director also were involved.

The full review, conducted by Plante Moran and overseen by Porter Wright Morris & Arthur, was delivered to key state, county and city officials and to the Ohio Ethics Commission on Friday. It will be released to the public Saturday.

In highlights released Friday, the zoo said former president and CEO Tom Stalf was responsible for $423,000 of the losses, while former CFO Greg Bell was responsible for $139,000. Peter Fingerhut, then-vice president of marketing, was responsible for $57,000, while former director of purchasing Tracy Murname was responsible for $13,000.

“We trusted these individuals with the privilege to lead this singularly outstanding organization, and they shattered that trust,” board chairman Keith Shumate said in a statement.

He said the board and new leadership team will take immediate action to restore public trust. Trustees are reviewing recommendations made as part of the review.

Should you invest $1,000 in Z right now?

Before you consider Z, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Z wasn't on the list.

While Z currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.