
Port: The F5 Project has squandered its credibility in personal loans scandal
By Marcus Chen
The Forum of Fargo-Moorhead
Advertisement

MINOT — Attorney General Drew Wrigley's office has announced sanctions against the F5 Project after an investigation that was prompted by my reporting about the group earlier this year. Based on disclosures by the F5 Project in public filings with the IRS, I found that founder Adam Martin and Chief Development Officer Scott College gave themselves tens of thousands of dollars in zero-interest loans that were not initially disclosed to the board and still had a balance due at a time when the organization was facing massive revenue shortfalls and was laying off staff. My subsequent reporting also found that Martin and College had established a separate for-profit property business that received rent from the F5 Project, which was paying to house sex offenders in fulfillment of a contract with the state. Wrigley has characterized both of these things as illegal. During a press conference announcing the sanctions, he indicated that, but for a lack of cooperation from the F5 Proje
Advertisement