Metra report says Pagano guilty of financial improprieties
In a report issued at to
the Metra Board of Directors at its may 14 meeting, James G. Sotos, an attorney
hired by the Board to look into the possible financial improprieties by Metra
Executive Director Philip Pagano, said: "This investigation revealed
substantial evidence of financial irregularities and abuses carried out by a
person at the highest level of Metra who, as a result of that position, was in the
best position to perpetrate these acts. Other than Mr. Pagano, however, we did
not find evidence of any other Metra employees seeking to enrich themselves at
the public’s expense. On the other hand, we believe the rigorous control of
Metra implemented by Mr. Pagano, and the magnitude of his accomplishments for
the company clearly created a culture of trust in and loyalty to Pagano, which
seriously curtailed any realistic hope that he would be held accountable for
the financial irregularities that should have been obvious to upper management
personnel around him. Ironically, and tragically, it was Mr. Pagano who paid
the ultimate price for the creation of that culture."
