Special Investigation Unit
Special Investigations Unit Report on Cypress Youth Foundation, Incorporated Charter School
Report Number 00-032
An investigation by the State Auditor's Office Special Investigations Unit led to
criminal charges against the former Board Chair of Cypress Youth Foundation, Inc. (CYFI).
On April 28, 2000, the Marion County Grand Jury indicted Joanna Elizabeth Gasperson for the
offenses of theft, misapplication of fiduciary property, and conversion of funds, state jail
and third degree felonies, respectively.
Key Facts and Findings
As Chairman of the Board of CYFI, Ms. Gasperson had a fiduciary responsibility for funds
withheld from employee paychecks as Teacher Retirement System (TRS) member contributions.
CYFI failed to remit the funds to TRS, which is a violation of state law. The aggregate loss
to the affected employees exceeds $19,000.
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