Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.sports From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: Olympics Date: Wed, 11 Nov 92 11:08:11 EST Message-ID: HEADLINE: Olympics Publication Date: Tuesday November 10, 1992 BYLINE: The U.S. Bobsled and Skeleton Federation is broke and may have to declare bankruptcy if its fiscal situation isn't reversed within six weeks, Federation President James Morris said. The poor economic climate has affected corporate sponsorships. The organization is also hampered by an ongoing federal investigation into alleged mismanagement and sloppy bookkeeping, which resulted in $200,000-$400,000 going unaccounted for, Morris said. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM