Monday, March 1, 2010

Grand jury looks at 'substantial misuse of funds' at Show-Me Institute

Posted by Scott Wilson on Mon, Mar 1, 2010 at 4:18 PM

click to enlarge Rex Sinquefield
  • Rex Sinquefield

Update: Daily RFT confirms that the Show-Me Institute is closing its Columbia office. Crosby Kemper III says the closing isn't related to the grand-jury probe. Speaking of probes (or, one hopes, not), Kemper tells the RFT this about the investigation: "Let's just say a lot of things were

happening that don't usually occur at a think tank."

The news blog at The Pitch's sister paper in St. Louis, Riverfront Times, reports that a grand jury is investigating a financial problem at the Show-Me Institute, the libertarian think tank founded by St. Louis gazillionaire Rex Sinquefield.

Daily RFT's Chad Garrison writes:

Crosby Kemper III, chairman of the think tank, acknowledges that the Show-Me Institute is

suffering a "substantial misuse of funds" that he categorizes as

"almost certainly fraud."

Kemper has been working the phones in recent days. Besides answering the RFT's questions, in an interview published today he told The Pitch that his being chairman of Show-Me has nothing to do with petitions for Sinquefield's ballot initiative to repeal the earnings tax showing up in library lobbies. (Kemper is director of the Kansas City Public Library.)

Read the RFT's full story here, and stay tuned for David Martin's look at Sinquefield and the earnings tax in the March 4 issue of The Pitch.

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That's funny that at the Show-Me Institute's website, it says, "Show-Me: The Spending." Well, sorta funny, sorta not.

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Posted by robwired on 03/01/2010 at 10:58 PM
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