Wednesday, January 30, 2013

Betty Cone, Still No Ducks In A Row

After I broke the tax evasion story last year on Betty Cone and Grassroots Productions Limited I recently heard from some readers looking for a follow-up.

Grassroots last updated their filings with the North Carolina Secretary of State in 1995.

According to the Grassroots website:

"Grassroots Productions Limited is a Greensboro, North Carolina, corporation focusing on charitable and educational activities which foster interest in local history and events in Guilford County. Grassroots Productions produces two holiday festivals annually -- Fun Fourth Festival, celebrating our nation's independence in July, and the Festival of Lights, a winter festival on the first weekend of December."

Yes, it does say corporation but is it clear that Grassroots is a for profit corporation? According to the NC Secretary of State, Grassroots remains a non profit. Which is it?

Also from Grassroots website:

"Grassroots Productions Limited's Downtown Banner Program is responsible for all banners and holiday decorations in Greensboro's downtown."

Is that banner program not funded by the City of Greensboro?

"Grassroots Productions Limited also provides technical, logistical and administrative support to other organizations and events such as the South Elm Urban Market, the Greensboro Bicentennial Commission for the Greensboro Bicentennial, the Greensboro Coliseum for Tournament Town Goes Downtown and Greensboro Ballet."

Are those other organizations not funded by the City of Greensboro? Are they willing to risk their good names?

"Grassroots Productions is Action Greensboro's Special Event Manager for Center City Park and is responsible for all things related to Special Events in the Park."

We all know full well that Action Greensboro and Center City Park are both heavily funded by the City of Greensboro?

Is Grassroots a for profit or a non profit? How can we tell? Why can't the nice Betty Cone with all her connections and all her well-to-do friends get her ducks in a row? Has she been so busy trying to get her piece of the Greensboro Performing Arts Center plunder that she completely forgot about filing documents with the State of North Carolina just like she "forgot" to pay her Federal Income Taxes for 4 years in a row or is there more to the story than we've been told?

Is the City of Greensboro going to fund a company whose legal status is still open to debate? Is the City of Greensboro going to allow others to launder taxpayers' money to a company whose legal status is still open to debate? It's only been 6 months, when will Betty Cone get her ducks in a row and when will we know?