Journal Gazette | 12/25/2005 | Scrutinized foundation is nowhere to be found: "Scrutinized foundation is nowhere to be found
By Dan Stockman
The Journal Gazette
The $7 million foundation at the center of two state investigations into its spending has essentially disappeared, its president has given up his law practice and he has put his Roanoke estate up for sale.
The Olin B. and Desta Schwab Foundation had been a tenant in the law offices of Beckman Lawson LLP, where foundation president Richard H. Blaich was an attorney. But just weeks after The Journal Gazette reported that $1.5 million of foundation money had been used to buy a luxury resort home outside of Las Vegas, movers showed up and took the foundation’s furniture, files and equipment, said Craig Patterson, the law firm’s managing partner. Blaich had been let go from the firm the day after the Aug. 28 story was published."
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