Commit Crimes That Put the Milwaukee Public Museum in Financial Ruin, and Here is Your Punishment

Terry Gaouette, the former CFO of the Milwaukee Public Museum who colluded with the former CEO Michael Stafford to spend all the endowment money and then create and distribute false financial reports to cover their crimes, was sentenced last week.

He pleaded guilty to a misdemeanor of falsifying a financial report. He has to pay a fine of $500 and give up his CPA license for two years. That’s it. Seriously. He was originally charged with four felonies, but those went away.

Read moreCommit Crimes That Put the Milwaukee Public Museum in Financial Ruin, and Here is Your Punishment

More Details on the Felony Charges Against Terry Gaouette, Former CFO of the Milwaukee Public Museum

As reported yesterdaygaouette.jpg, the former CFO of the Milwaukee Public Museum has been charged with four criminal counts against him for his part in the raiding of the organization’s endowment fund.

Here is a summary of the criminal complaint against Terry Gaouette:

Count 1 – Theft By Officer – From March 1, 2004 and February 28, 2005, transferred money out of the endowment fund without the owner’s consent.

Read moreMore Details on the Felony Charges Against Terry Gaouette, Former CFO of the Milwaukee Public Museum