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Greed, Mismanagement & Political Manipulation at
America's Largest Charitable Trust
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|
 |
|
by Samuel P. King and Randall W. Roth |
| |
| Hail
to our native Hawaiian Ali’i
ki’eki’e, (Prominent Leaders),
|
| Samuel P. King,
a Senior U. S. District Court judge; |
| Monsignor Charles
Kekumano, a Catholic priest, Chairman of the
|
| Queen
Lili’uokalani
Trust, and former Chairman of the
Honolulu Police |
| Commission;
|
| Walter Heen,
a retired state appeals court judge; |
| Gladys Brandt,
a retired principal of Kamehameha School
for Girls and a |
| former chair of the University of
Hawaii board of regents; and |
|
|
|
| Randall
Roth, a respected professor of trust law at the
University of Hawaii, for
co-authoring |
| this book. |
| |
| All royalties
for the sale of this book goes to the Early
Education Program in Hawaii. |
| |
| Book review excerpts by Liz Lichtgarn quote:
|
| "Telling
this drama with an admirable level of clarity,
accuracy and deliberation are co-authors |
| Samuel P.
King, senior U. S. District Court judge, and Randall
W. Roth, a law professor at the |
| University
of Hawaii Law School. The authors provide
historical background and financial |
| context for
the machine that is at the center of the tempest,
Bishop Trust. Princess Bernice |
| Pauahi
Bishop was a descendant of the royal Kamehameha
blood line in Hawaii. |
| |
|
The true story
of the modern plundering of Hawaii's Bishop Estate
Charitable Trust, describes as |
|
a world
record for breaches of trust," has elements most novelists
couldn't devise. Just when you |
|
think the only
thing missing from this account of avarice,
arrogance, corruption and deception is
|
| sex, we get
lewd acts in a public rest room, no less, as well as
strip clubs called Saigon Passion |
|
and suicide
pacts. |
| |
| Hawaiians are not
naturally given to public protest, but by 1997 they were
frustrated enough with the |
| attitude
and ineptitude of the board of trustees that they
organized a massive march upon the Bishop |
| Trust
headquarters to show dissatisfaction. The local
Star-Bulletin newspaper published an in-depth |
| article that
was the seedling sprout of this book, outlining the
trustees' failures. King and Roth build |
| tension and
suspense by describing how the trustees react to the
tightening grip of at least four |
| separate
civil and criminal investigations. |
|
|
| Subpoenas
fly, surveillance photos are snapped, phones are
bugged, tires are slashed, judges cry in
|
| court, suicide
factors in. The IRS swoops in like a huge predatory bird and threatens
to revoke the |
| trust's tax
exempt status, which would cripple the schools. Is
paradise lost? |
| |
| This presentation
is reader friendly. Kudos for the superior index, which
is a necessary tool for |
| keeping tabs
on the hefty cast of characters here. |
| |
| "Broken
Trust" ends with such irony; it seems that even King
and Roth can hardly believe it.
|
| |
| If the
measure of tragedy is how far the mighty can fall,
then this story is enormous. It is important to |
| remember
that the catalyst of it all was the perception that
Hawaiian children were being compromised |
| through the
gift of their royal family, the Kamehameha Schools.
|
| |
| A quote from
the book says, "You know, we Hawaiians are kind of
funny. You can waste or even
|
| steal our
money, that's one thing. But when you hurt our
children, that's something altogether different." |
End of Quote.
| |
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You will find
more "Broken Trust" editorials,
reviews and or public opinions at: |
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