Newcap Collapse Sparks State Audit | Milwaukee News

A nonprofit that served ten counties and relied on state and federal grants has collapsed into bankruptcy, leaving over $4 million in debts and sparking urgent calls for a statewide audit of similar anti-poverty agencies. Lawmakers are demanding answers after the former CEO was placed on leave during a financial review, and court documents reveal grant money may have been diverted to keep homeless shelters open — violating program rules. The state is now racing to recover assets, including grant-funded vehicles, as officials scramble to ensure taxpayer dollars aren’t mismanaged again. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ab3a52aa8bea9f32