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Wisconsin Audits Newcap’s State Funds | Green Bay News
Wisconsin is launching a sweeping audit into how state funds flowed through shuttered nonprofit Newcap and its parent network WISCAP, following alarming signs of financial mismanagement—including a former CEO’s controversial bonus tied to incoming cash and record profits followed by steep losses. The investigation will scrutinize oversight across three state agencies and assess whether internal controls were adequate, amid questions about leadership decisions that ultimately led to Newcap’s collapse and bankruptcy. Listen in comfort:Get a discount on a Soli Pillow…
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