Posted BY: Teresa | NwoReport
The Project Veritas Board of Directors has released a statement after ousting founder James O’Keefe and losing over 100,000 followers on Twitter.
Project Veritas’ follower count dropped by over 130,000 people in the hours following the news that O’Keefe had been removed from the company.
Early reports had indicated that O’Keefe resigned, but in a speech before the staff, he explained that he had been removed by the board.
“Today, James O’Keefe decided to remove his belongings from Project Veritas headquarters,” the board said in the statement. “The Board and Management made numerous attempts in the last 14 days to have a conversation with James, but he ignored our outreach and decided to instead leak private information to others, either by doing so himself or by proxy.”
The board claimed that “although PV Leadership has not concluded looking into the full scale of financial issues over the years, a preliminary review at this time indicates that James has spent an excessive amount of donor funds in the last three years on personal luxuries. More is still being uncovered during the ongoing review at this time. Contrary to many reports from today, James was suspended indefinitely pending the resolution of a fulsome investigation and clarity which will need to be provided by a third-party investigative audit report.”
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The board listed several financial concerns, including the cost of using black cars.
“James also left us no choice but to suspend him in the last few weeks when he unilaterally fired the CFO, who can only be fired with Board approval,” the statement continued. “That is a violation of our non-profit’s bylaws. James went as far as to say that a Board member had approved this firing to others, but it was later discovered that it was not the case. That member did not approve of the firing. The Board approved James’ suspension so it would have time to properly investigate these internal infractions.”