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Newcap Collapse Sparks State Audit | Milwaukee News
A nonprofit that served ten counties and relied on state and federal grants has collapsed into bankruptcy, leaving over $4 million in debts and sparking urgent calls for a statewide audit of similar anti-poverty agencies. Lawmakers are demanding answers after the former CEO was placed on leave during a financial review, and court documents reveal grant money may have been diverted to keep homeless shelters open — violating program rules. The state is now racing to recover assets, including grant-funded vehicles, as officials scramble to ensure taxpayer dollars aren’t mismanaged again. Listen…
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