01/24/2024

Crypto Boss Who Gave $1.8 Million to San Francisco Crime Nonprofit Wants Audit of ‘Discrepancies’

Expenses wrongly charged, including $15,000 staff trip to Lake Tahoe

An anti-crime nonprofit caught improperly billing San Francisco police for luxury gift boxes, limo rides and valet parking is now facing tough questions about how it spent as much as $1 million in grant funding from a crypto billionaire.

San Francisco SAFE, the longtime nonprofit partner of the San Francisco Police Department, was the subject of a scathing report released by the Controller's Office last week that found it wrongly charged police for at least $79,000 in expenses—including a nearly $15,000 staff trip to Lake Tahoe.

The San Francisco Standard has since learned that Chris Larsen, the co-founder of Ripple and a local philanthropist, has separately called for an investigation into how SF SAFE spent up to $1 million of the $1.8 million that he gave the nonprofit to expand the use of security cameras in the city.

Please select this link to read the complete article from The San Francisco Standard.