Contribute • November/December 2007
Created to alleviate poverty, the nonprofit Miami-Dade Empowerment Trust seemed for nearly a decade to be taking aim at South Florida’s most impoverished neighborhoods by creating new business opportunities and jobs.
As it happened, the organization also had been busy creating wealth for some of its own. The taxpayer-supported agency had lavished money on insider deals, lost money on failed loans, and spent hundreds of thousands on celebrity entertainers. Just one wasteful expense involved a tab of more than $87,000 to fly hip-hop star Sean “Diddy” Combs from New Jersey to Miami on a charted Gulfstream jet. Diddy’s antipoverty mission for the nonprofit? Hosting an MTV awards ceremony.