AG looking into Able Industries complaint - KUAM.com-KUAM News: On Air. Online. On Demand.

AG looking into Able Industries complaint

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by Mindy Aguon

Guam - The Office of the Attorney General's Civil and Solicitor's Division confirms it is looking into allegations against Able Industries that were outlined in a complaint that was filed with the office. Johann Sobredo alleged that there was significant mismanagement of funds by Able's current president, Joaquin Leon Guerrero, and board chair Elmore Cotton. 

Sobredo alleges the company failed to pay 401(k) contributions for employees and management has been using the company's credit cards to make personal purchases without ever repaying the non-profit organization. Able Industries is the island's largest employer of individuals with disabilities, currently employing more than 200 people. Sobredo alleges the mismanagement could result in a loss of jobs and millions in federal funds. 

The AG's Office confirms it received the complaint and is now looking into matter.  Able's management meanwhile vehemently denied any claims of wrongdoing claiming they had been investigated and that such were unsubstantiated.

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