A St. Petersburg nonprofit that administers trust funds for people with medical needs filed for bankruptcy after learning that about half of the $200 million in trusts it oversees are missing. The center accuses its founder, Leo Govoni, of transferring the missing funds to his own company, Boston Finance Group, using a line of credit he set up while serving as President of the center. Govoni is denying any wrongdoing and the center is working with attorneys to pursue litigation against him.
Nonprofit Files For Bankruptcy, Alleges Founder Misappropriated Funds
