A new review of the University of Maryland Medical System’s finances uncovered more financial dealings between board members and their organizations than previously known ― revealing nearly $115 million in payments to more than two dozen board members and their related businesses in recent years.
The state’s Office of Legislative Audits, which conducted the probe after a corruption scandal rocked the hospital network in 2019, sent the findings of the 100-page review Friday to key lawmakers in Annapolis. The auditors did not identify board members by name ― and said they could not definitively determine any transactions were “improper” ― but did include a detailed list of payments made to board members they called “vendors.”
“We identified approximately $114.9 million in payments made by UMMS to 27 Board members or their associated businesses between January 1, 2016 and April 18, 2019,” the auditors reported. “Approximately 94 percent ($108.2 million) of these payments were made either directly to a Board member or to an entity with which the Board member (or immediate family member) had a direct financial relationship.”
See the fully story at: https://www.baltimoresun.com/politics/bs-md-pol-umms-audit-20200314-vmt2y6e3kbbaheeon6vs6ckafi-story.html