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cjb comments on SIAI Fundraising - Less Wrong Discussion

59 [deleted] 26 April 2011 08:35AM

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Comment author: cjb 27 April 2011 04:52:34PM 14 points [-]

Thanks. I guess the followup questions are:

  • Is the legal action still pending, or can the situation be talked about openly now?
  • Has SIAI been able to recover the money?
  • Was it a mistake to trust a contractor with access to >$100k of funds? Do they still do that?
Comment author: CarlShulman 03 May 2011 10:11:57AM *  8 points [-]

My understanding is that the case is ongoing in criminal court, at least as of a few weeks ago, and that the money has largely not yet been recovered. As far as I know, only that one contractor had the relevant financial access, which was required for the job, but obviously the financial controls on that access were not sufficient. I think that currently only the President and COO have the relevant access to the accounts (though others, including the majority-donor board, have limited access to monitor the accounts).