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Thursday, August 17, 2000

BET EXEC ACCUSSES COMPANY OF FINANCIAL WRONGDOING

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$21 Million Suit Is More Than Just Something You Might Find In Donald Trump’s Closet
Dwight Crawford, the former executive VP/CFO of BET, has sued the company, Chairman/CEO Robert L. Johnson and president Debra L. Lee, alleging that his opposition to illegal financial practices led to his wrongful termination.

The suit, filed Wednesday in Washington, DC, Superior Court, seeks more than $21 million in damages. He claims that BET senior employees routinely used corporate funds and credit cards to purchase goods for their own use, and deducted personal expenses as business expenses for tax purposes.

He also alleges that Johnson created a shell production company to duck federal withholding taxes, and that BET took an illegal $6 million 1998 tax deduction on a dividend paid to Johnson, which was reported as salary and consulting payments.

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