Air America Scandel: Boys & Girls Club May Vote To Drop Bronx’s Gloria Wise Club Next Month

The New York Sun has the continuing story on the Air America Radio Scandel, Boys & Girls Club May Vote To Drop Bronx’s Gloria Wise Club Next Month.

The Boys & Girls Club of America, a federation of nearly 1,200 affiliates across the country, may drop the Gloria Wise Boys & Girls Club in the Bronx from its ranks at a vote next month.

Gloria Wise is under investigation by the city’s Department of Investigation for matters that include transferring $875,000 to Progress Media, former parent company of the Air America radio network, and to the club’s director of development, Evan Montvel Cohen, who headed Progress Media.

A recommendation to the national organization’s board of governors came out of a months-long investigation by the group, which a spokesman said was initiated before the city probe was announced in June. The spokesman, Evan McElroy, would not detail the findings of the federation’s investigation but said yesterday, “We do not drop an organization lightly. It’s very, very rare that it happens.”

A spokeswoman for Gloria Wise, Marta Rose of Rubenstein Public Relations, said the Bronx club’s board found out about the national group’s recommendation yesterday and will meet soon to discuss how to preserve its affiliation.

Piquant LLC, which acquired Air America from Mr. Cohen’s Progress Media in May 2004, has agreed to pay $875,000 to Gloria Wise, without interest, in installments over the next two years.

Why NO interest?

And why installments?

An employee of Air America, who requested anonymity, said yesterday that it received a letter from the city Department of Investigation recommending that the network set up an attorney-managed escrow account for the payments, rather than pay Gloria Wise directly or wait until the department’s investigation concludes. The employee said the network made its first payment, of an unknown amount, yesterday.

An official of the city agency, who asked not to be named, said later that the letter asked that the radio network put the entire $875,000 in an escrow account.

Right! And pledge all of Air America’s Corporate assets (Al Franken can personally gurantee them) to back the note, if installments or perhaps Franken can get a loan from the drug addict Rush Limbaugh that he so artfully (NOT!) trashed in his book, Rush Limbaugh Is a Big Fat Idiot.

Captain Ed has Air America: Losing Interest? (Updated)

Michelle Malkin has AIR ENRON: THE BLAME GAME and

AIR ENRON: QUESTIONS, QUESTIONS

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