California Attorney General Concludes Getty Investigation

The Trust will be monitored by the state while it enacts reforms. “The report stated that the misuse of funds did not result from fraud and that the value of a settlement between the former president, Barry Munitz, and the trust exceeded the value of the losses from any improper payments. Notably, the attorney general found that a number of actions by Mr. Munitz that were approved by the board were consistent with the trust’s charitable purposes.”