It will be known as the most shameful undisclosed conflict of interest in Rye's 353 year history.
A six year thumping taken by the members of Rye Golf Club at the hands of a senior city employee, with the approval of city management, under the noses of duly elected city officials.
But now, according to newly released insurance docs, Rye's Madoff Moment will simply be known as the $2,000,000 Scott Yandrasevich stole from RGC.
The amount of money the city is claiming one of its own stole from RGC members is staggering considering the City Council had previously told the public Yandresevich stole in the neighborhood of "many hundreds of thousands of dollars".
That council was chaired by former Mayor Doug French.
The new council consists of three members who served with Mr. French: newly elected Mayor Joe Sack, re-elected Councilwoman Julie Killian and Deputy Mayor Laura Brett. Terry McCartney and Kirtsen Bucci were each elected to their first terms, while Rich Mecca and Richard Slack were appointed to their seats.
The news that Mr. Yandrasevich stole millions of dollars from RGC comes at a time when the club is still fighting to recover from his illegal dealings. The club is mired in legal battles triggered by Mr. Yandrasevich actions–and those of City Manager Pickup in his stead–including a $40,000 breach of contract contest over last year's pool contract; and a lawsuit claiming the club failed to pay gratuities and overtime to former Whitby staffers.
If the golf club were to receive the money that was stolen from it, it would greatly enhance its balance sheet and replenish a reserve fund that was drained by millions through city hall for the last six years.
In the meantime, the RGC Commission and city manager are working with their consultant, Denehy Club Thinking Partners, in hiring a new general manager. The commission is also engaged with the RFP Committee and City Council in the search for a food and beverage solution at Whitby Castle and the snack bar–a search that was launched as a direct response to the financial devastation brought upon it by a city employee gone wild.
I, Kristen Wilson, certify that [the] City of Rye has sustained a loss as a result of Employee Dishonesty or Employee Theft committed [by] Scott Yandrasevich while employed as [the] Rye Golf CLub Manager.
I further certify that: (1) the amount of money or property loss is: Two million one hundred fifty-four thousand one hundred and six dollars and sixteen cents, $2,154,106.16.
(2) That said amount is a true net loss for the period from April 2007 to December 2012..."
Summary Attached: SUMMARY REPORT OF THE CITY COUNCIL’S INVESTIGATION INTO THE RYE GOLF CLUB
-From City of Rye 'Proof of Loss' insurance claim filing aquired by response to Rye resident's foil request.
* Your humblest correspondent is an elected member of the RGC Commission