Praxis Housing Initiative

An investigation was launched against the not-for-profit that provides housing and services to people living with AIDS/HIV. It was discovered that former executive director Gordon Duggins and president G. Sterling Zinsmeyer used Praxis funds to create and manage separate and competing for-profit homeless shelters. The charges claimed the director and corporate counsel of Praxis "knew of and allowed the advance of funds and failed to institute appropriate conflict of interest procedures which would have required them to disclose potential opportunities to the Praxis Board of Directors prior to undertaking such projects." The New York Attorney General's Office is set to receive a $790,000 settlement and will put the money back into Praxis for not-for-profit housing. (Nov-21-05) [NORTH COUNTRY GAZETTE]

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