"The explosive 390-page report documents in exhaustive detail [former general manager] Fuelberg's authoritarian management style, a complacent board that rubber-stamped his decisions and a lack of budget controls. It also details a systemic pattern of questionable payments, transactions and business ventures that drained the co-op of tens of millions of dollars with little to no transparency and put the co-op at risk, Navigant said.
The report is the result of Navigant's eight-month probe zeroing in on ten years' worth of practices and expenditures at Pedernales from 1998 to 2007. The probe encompassed interviews with 80 witnesses and the review of more than 1.3 million pages of co-op documents. Navigant said the co-op's staff, now under the direction of general manager Juan Garza, cooperated fully."
Read the full story: Report on PEC: Documents destroyed, $510,000 in payments unexplained.
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