An end of Sorts for the Schwab Foundation Investigation
Attorney Richard Blaich, the director of the Schwab Foundation, a former Indiana charitable foundation that had recently pulled up stakes and booked to Nevada, has died:
An autopsy today determined Richard H. Blaich, 59, of Roanoke, died of carbon monoxide poisoning, according to the Allen County coroner’s office. The manner of death has not yet been established.Link (News-Sentinel)
The Foundation is facing a cooperative effort by the Nevada and Indiana attorneys general to freeze its remaining assets and determine if any wrongdoing was involved in the transfer of the foundation from its roots in Indiana to Nevada, where Blaich had purchased a $1.5 million dollar home, allegedly with the foundation’s assets:
In December the attorney general’s office sued directors of the $7.5 million Olin B. and Desta Schwab foundation for what it called an illegal merger of Indiana and Nevada foundations.
In January the state seized a $1.5 million home in Henderson, Nev., near Las Vegas, which Blaich, “publicly indicated was his residence,” Carter said in December.
Previously on Kemplog:
February 25th, 2006 11:59
Having been a former recipient of a grant from the Pursuits organization, I say GOD BLESS the AG’s office, and may this criminal who tried to destroy a fine organization rot in hell.