Harvey Weinstein, Kenneth Cole Reportedly Covered Up Suspicious Deal Involving a Charity
Since June 2015, the American Foundation for AIDS Research has been embroiled in an internal scandal that involves two of the nonprofit's major players, Harvey Weinstein and Kenneth Cole, following a financial deal between the two that's since fallen under scrutiny.
The scandal has led to numerous board members resigning and an investigation by the New York attorney general's office. The New York Times reported on the news of the investigation in September.
According to an investigative report from The Huffington Post published Wednesday, Weinstein and Cole—the clothing designer and non-executive chairman of amfAR for over a decade—allegedly covered up an agreement the two had to split the proceeds of an auction item for a 2015 fundraising gala in Cannes.
The Huffington Post reports that the series of events began when Weinstein needed pay $600,000 by June 1 to the American Repertory Theater (ART) for staging a trial run of the Broadway-bound musical "Finding Neverland," which Weinstein produced. If Weinstein didn't hit the deadline, he and his investors wouldn't recoup the money they initially gave to ART, according to the report.