Due Diligence Massive Fail. AC Council and Former Mayor Gave Away 3 Million Large

langford
Langford

Seriously? A three million dollar check comes across the desk and your eyes glaze over? A group of Atlantic City Council members said they didn’t know who was getting the 3 mil.

Former Mayor Langford has yet to speak up and defend himself. Langford has kept mum on the situation. Can ya see why the State of NJ was forced to send in their emergency managers to slow the pillaging & mis-management?

From the Press of Atlantic City: Three million dollars may not be that much compared with the total financial hole the city finds itself in. But how city officials approved a $3 million loan fund in May 2013 is an example of how lack of basic oversight and due diligence can cost a city and its taxpayers.

Various council members said they supported the plan without having any financial details or knowing much if anything about ZeMurray or W. Wesley Drummon, a Bronx, New York, resident who headed the company. The referendum passed without discussion. “It wasn’t our priority to delve deeply into ZeMurray,” Councilman William Marsh said recently.