Peninsula Symphony reports missing funds; fundraising effort saves Oct. 25 season opener

Posted on: October 15, 2013

In an article posted 10/11 (Friday) on San Francisco Classical Voice, Janos Gereben writes that the Peninsula Symphony (Los Altos, Calif.,) “reports its bank accounts have been cleaned out of approximately a half million dollars.… Major, basic questions include when, how, and of course, who? Although the story was first reported on Thursday, it was known internally for about a week, long enough for the board and musicians to conduct an admirable fund-raising blitz, and to save the season, scheduled to begin Oct. 25.” Arts consultant Larry Kamer, “now with the unenviable assignment of ‘symphony spokesman,’ says that when a member of the Peninsula Symphony board ‘recently’ looked into the symphony’s bank account, he or she discovered that money was missing. How much? Pretty much all the money, endowment, and operating funds.…”  San Francisco’s Bay City News “has quoted Los Altos Police Sgt. Scott McCrossin that the department is in ‘the early stages’ of a criminal investigation.… Kamer said there is a suspect in the money’s disappearance, but he declined further comment—understandable under the circumstances. The orchestra has engaged, pro bono, the law firm of Baker & McKenzie to assist with efforts to recover the missing assets.”

Posted October 15, 2013