Audit exposes financial noncompliance at prominent Los Angeles venue

The results of an audit recently released by the office of Los Angeles City Controller Wendy Greuel exposed insufficient controls and financial noncompliance within the beleaguered L.A. Memorial Coliseum, The Los Angeles Times reports.

The Coliseum's former general manager, Patrick Lynch, was one of six people charged with 29 counts of bribery, embezzlement and conspiracy last month. The audit report substantiated disclosures by The Times, which has been covering the irregularities since last year.

Findings included inappropriate payments to Lynch and the delivery of approximately $1 million in cash to a union representative without the required payroll deductions or record keeping. In addition, a recovery audit uncovered questionable spending by other officials – notably the squandering of $870,000 in wired deposits sent to companies in Uruguay between 2003 and 2009 for soccer matches that were never held.

"Although I have conducted more than 50 audits, the egregiousness that was discovered at the Coliseum is one for the record books," said Greuel in a statement quoted by the news source.

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