ST. PETERSBURG, Fla. — A bankruptcy judge has given the go-ahead to shut down a St. Petersburg non-profit.
The Center for Special Needs Trust Administration has been at the center of controversy after $142 million dollars went missing back in February.
The judge on Wednesday approved the termination of operations. She also appointed the CPT Institute as the successor trustee for all of the pooled trusts after the center's founder Leo Govoni was hit with several lawsuits in connection to that missing cash.
The ruling means that all of the people who had trusts with the center are now going to have to have their benefits elsewhere.
The families who had these trusts were caring for loved ones with special needs. That includes the McMinn family who we introduced you to over the summer.
These changes will all happen over the next several weeks. This money was intended to take care of them throughout their lives, but many are now unsure of how they will have the long-term care that they need as a result of this bankruptcy.