In the midst of another OFAC investigation, West New York Board of Education Trustee Matthew Cheng went off on the RFQ process and questioned how Alamo Insurance was selected as the board’s insurance provider in the first place. Despite that fact, the motion to terminate Alamo’s contract failed at Wednesday’s meeting.
Cheng slammed the board for “making a mockery of the RFQ process” and for repeatedly picking “politically connected companies” instead of looking out for the best interests of the school children.
Earlier in the meeting, Superintendent of Schools John Fauta announced that the Office of Fiscal Accountability and Compliance – better known as OFAC – is investigating the board for the way insurance firms were selected earlier in the summer, as only Hudson County View has reported.
Editor’s Note: The footage obtained for this news clip was obtained from an anonymous viewer and was not shot by any member of the Hudson County View staff.