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“The event cost Morven Park money, which would have been fine if it were for an actual charity,' Muldoon said of the initial America's Cups. “It wasn’t, and the accounting that the board asked for. the accounting that Loudoun County, who also put up some money, asked for was so...shoddy...that there was no way to tell who, if anyone, had been paid.”
Or what, if any, donations had been made to the purported beneficiaries.
In May, the Virginia Department of Agriculture and Consumer Services issued a statement warning potential donors that Journey for the Cure, which ostensibly supports research into lymphoma and multiple sclerosis, was not registered with the commonwealth, as charitable organizations are required to do.
According to Elaine Lidholm, YDACS director of communications, Journey for the Cure is now registered to raise money for charity, the paperwork having been completed just weeks ago, on Nov. 15.
There are apparently different types of registration. Journey for the Cure’s is for an organization that raises $25,000 or less for charity annually.
The Times-Democrat has filled a freedom of information request to obtain copies of the financial reports in support of the registration.
In terms of registration, she could not comment on the status of America’s Cup Polo, Lidholm said, it is the subject of an ongoing investigation.
When it comes to support of charities, the Salahis, Muldoon concluded, “are all hat and no cattle.
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