Stealing The Show: SAG's Misappropriation Investigation
The Screen Actors Guild has disclosed an investigation regarding "possible financial impropriety" over the alleged misappropriation of $200,000-$250,000 by a mid-level supervisor, according to a source close to the case, reports The Wrap.
According to the LA Times, the former manager was fired last month and "worked in a department that attempts to distribute unallocated residual payments to the estates of deceased SAG members or members who can no longer be found. At any one time, SAG has more than $10 million in such undistributed funds."
Deadline posted the alert early Sunday morning:
"Screen Actors Guild is actively investigating a possible financial impropriety by a manager previously employed by the Guild. When an internal review indicated a potential problem, the Guild moved immediately to investigate and take appropriate action against the employee involved. Once this investigation is complete, we will work with local and federal law enforcement agencies on further actions to be taken as appropriate.Senior Guild executives are overseeing the investigation of this matter and provided a thorough report to the National Board of Directors in October. It is important to note that the Guild’s insurance protects against any loss of this nature and would effectuate full reimbursement of such funds in the event of an actual loss. Our members may rest assured that member funds are not at risk.
We can say nothing more about this matter until we have completed our investigation and reviewed all legal and other options available to the Guild, and thus, will not further comment."