The Club Group released a statement Wednesday saying it has discovered financial irregularities in client accounts handled by former chief financial officer Dennis Gerwing, who died of an apparent suicide last week.
Minutes after the press release arrived, however, the president of the property management company, Mark King, tried to retract it, calling its contents "totally not factual." He said the statement was based only on a hypothetical conversation with his company's public relations firm, CNSG Hilton Head.
CNSG's main spokesman, Tom Gardo, took issue with King's version of how the press release was generated and distributed. Gardo said he believed the statement was accurate. (more at link)
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