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Posner Donates $2.1 Million, Satisfying Conviction Requirement

December 22, 1993

FORT LAUDERDALE, Fla. (AP) _ Miami businessman Victor Posner has satisfied his remaining obligation under a 1988 tax evasion conviction with $2.1 million in donations to help the homeless.

Posner called Brother Paul Johnson, executive director of Camillus House in downtown Miami, with news of a $1 million donation Monday night after Posner’s Victory for the Homeless Foundation awarded the grants.

″I was expecting it was his annual Christmas donation, maybe $10,000,″ Johnson said. ″He said, ‘How about a million dollars?’ I thought he was teasing. He said, ’No, I’m going to make your Christmas.‴

The remaining $1.1 million will go to various South Florida agencies.

Posner, who made millions in real estate and industry, agreed to donate $3 million to homeless groups as part of his sentence. Instead of sending Posner to prison, U.S. District Judge Eugene Spellman also ordered him to do 5,000 hours of community service.

Posner’s foundation previously had made smaller donations. The board decided to give away all its money to satisfy the $3 million requirement and then disband.

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