Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Freetrade looks to shake up the mutual funds market
    • Why These 2 Crypto ETFs Could Soar After the Sell-Off
    • Llandrindod Wells groups which may have land available for tree planting will be told of potential funds
    • 6 Ways To Identify the Right Investments Early, According to Experts
    • Deborah Roberts on the ‘Unbreakable Bonds’ With Our Sisters, Co-Anchoring ’20/20′ and What Kind of Husband Al Roker Is [Exclusive]
    • Reps move to protect private investments from ‘adversarial unionism’ after Dangote Refinery strike
    • Investors pull cash from CLO ETFs in biggest outflow since April
    • Dynamic announces October 2025 cash distributions for Dynamic Active ETFs and ETF Series
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Report on Dolton’s finances show misused funds, significant debt – NBC Chicago
    Funds

    Report on Dolton’s finances show misused funds, significant debt – NBC Chicago

    August 10, 2024


    Findings from an investigation into Dolton’s finances led by former Chicago mayor Lori Lightfoot were revealed in part Thursday night, showing a widespread of pattern of misused funds and significant debt.

    The probe examined the village’s finances and spending habits of Mayor Tiffany Henyard’s administration, which is the subject of multiple lawsuits and complaints.

    “It was an eye opener to us, but also to the residents to see the wrongdoing on paper,” Dolton trustee Tammy Brown said.

    Trustees hired Lightfoot to look into spending by Henyard and her administration. The probe found that the village has not had annual reports or audits since 2021.

    Lightfoot’s investigation also uncovered that the village’s general fund, which had a multi-million dollar surplus earlier this decade, is now in the red by $3.6 million.

    The probe also found that the village police department’s expenditures have increased by 21%, with two officers receiving more money in overtime pay than in regular pay. Dolton’s Deputy Police Chief has received more than $200,000 in overtime pay.

    Additionally, Lightfoot found that nearly 600 checks worth more than $6 million were approved but not sent to vendors. The probe found that the village uses six different credit cards, though receipts are rarely provided.

    Strikingly, Lightfoot revealed that over $40,000 in credit card charges were made on the same day on Amazon.

    “Who would make a one-day purchase from Amazon for more than $40,000, and what is it? What did they buy?” Trustee Brown said.

    Fellow Trustee Kiana Belcher said the report made her sick to her stomach, adding that it was disheartening to see the findings revealed against someone who is supposed to “be the leader of the town.”

    The findings are far from the only thing happening in Dolton this week, with eight village employees being laid off earlier in the week and more layoffs, in addition to a hiring freeze, expected to be announced at the next Village Board meeting.

    Additionally, Dolton’s Deputy Police Chief, Lewis Lacey, was fired for insubordination, just days after being placed on administrative leave.

    NBC Chicago reached out to Henyard’s administration on the findings and other developments in Dolton this week and has yet to hear back.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Llandrindod Wells groups which may have land available for tree planting will be told of potential funds

    October 21, 2025

    Special Situation Funds rise as India’s next growth driver, turning stressed assets into opportunity

    October 21, 2025

    Aterian Raises New Funds to Support Mining Projects in Africa

    October 20, 2025
    Leave A Reply Cancel Reply

    Top Posts

    6 Ways To Identify the Right Investments Early, According to Experts

    October 21, 2025

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Freetrade looks to shake up the mutual funds market

    October 21, 2025

    Thursday 02 October 2025 8:00 am  |  Updated:  Thursday 02 October 2025 8:09 am Share Facebook…

    Why These 2 Crypto ETFs Could Soar After the Sell-Off

    October 21, 2025

    Llandrindod Wells groups which may have land available for tree planting will be told of potential funds

    October 21, 2025

    6 Ways To Identify the Right Investments Early, According to Experts

    October 21, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    These 2 Bond Funds Are Holding Up Amid US Treasury Volatility

    August 12, 2025

    Metaphor: ReFantazio – Best Bonds To Prioritize First, Ranked

    October 18, 2024

    Things to know before you invest in equity funds

    October 10, 2025
    Our Picks

    Freetrade looks to shake up the mutual funds market

    October 21, 2025

    Why These 2 Crypto ETFs Could Soar After the Sell-Off

    October 21, 2025

    Llandrindod Wells groups which may have land available for tree planting will be told of potential funds

    October 21, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.