THE NEWS

The US Supreme Court on Tuesday ruled 8-1 against Colorado’s ‘conversion therapy’ ban for LGBTQ minors.
Liberal Justice Ketanji Brown Jackson dissented.
The lawsuit was filed by Christian talk therapist Kaley Chiles.
Kaley Chiles argued that Colorado’s ban on her talk therapy methods violated her First Amendment rights.
Chiles counsels children and minor teens struggling with gender identity issues.
Justice Gorsuch agreed and said Colorado’s ban on certain talk therapy methods “censors speech based on viewpoint.”
“Under our precedents, bedrock First Amendment principles have far less salience when the speakers are medical professionals,” Justice Jackson wrote, according to NBC News.
NBC News reported:
In a blow to LGBTQ rights, the Supreme Court on Tuesday ruled that Colorado’s ban on conversion therapy aimed at youths struggling with their sexual orientation or gender identity violates the free speech rights of a conservative Christian therapist.
The 8-1 decision in favor of therapist Kaley Chiles on her claim brought under the Constitution’s First Amendment is likely to have national implications — more than 20 states have similar laws. It could also have an impact on other forms of medical treatment that involve speech.
Writing for the majority, Justice Neil Gorsuch said that “the First Amendment stands as a shield against any effort to enforce orthodoxy in thought or speech in this country.”
Colorado’s law “does not just ban physical interventions,” Gorsuch wrote. It also “censors speech based on viewpoint.”
In deciding the case, the court embraced Chiles’ argument that the Colorado law banning conversion therapy regulates speech, not conduct, as Colorado had argued.
As such, the measure is not like other health care regulations that focus on conduct, the court concluded. The case, decided on the global Transgender Day of Visibility, will now return to the lower courts.
The post Supreme Court Rules 8-1 Against Colorado’s Ban on ‘Conversion Therapy’ for Minors – Justice Jackson Dissents appeared first on The Gateway Pundit.

WASHINGTON—The man whom longtime former Senate GOP Leader Mitch McConnell’s mentee Rep. Andy Barr (R-KY) hired to run his U.S. Senate campaign to replace the outgoing McConnell in Kentucky this year is a raging Never Trumper with a severe case of Trump Derangement Syndrome (TDS).
The post Exclusive — Kentucky Senate Candidate Andy Barr’s Campaign Manager Raging with Trump Derangement Syndrome: ‘I Will Never Vote Donald Trump for President’ appeared first on Breitbart.

Stock Market Breadth: Warning Or Opportunity?

Authored by Lance Roberts via RealInvestmentAdvice.com,

The S&P 500 is down roughly 7% from its January 27 all-time high. Unsurprisingly, the media is full of “red” headlines discussing the seemingly “endless” correction we are in. Unsurprisingly, previously complacent investors are now anxious, as nothing seems to be working. But that index-level headline conceals something far more alarming: stock market breadth has collapsed. According to Morgan Stanley, approximately 42% of S&P 500 members are already down 20% or more from their 52-week highs. More than 200 companies are in their own private bear markets, even as the index itself is not.

This was a point we noted in this past weekend’s Bull Bear Report:

“J.P. Morgan captured the paradox: the S&P 500 is down only ~9% despite oil rising 70% and the Fed shifting from pricing two cuts to a 50% probability of a hike, and software falling 20%. As we noted recently, a much larger correction is underway in the market.”

While “times have been tough lately,” this is not a new phenomenon. Stock market breadth deterioration almost always precedes index-level damage, not the other way around. On March 9th, we noted in Technical Deterioration: Risk Management Is Key:”

“More importantly, the RSI exhibited a textbook bearish divergence at the all-time high: price made a new peak, but momentum did not confirm. We repeatedly discussed that divergence was the earliest signal of the distribution phase now unfolding. With the RSI not in oversold territory below 30, there is room for more pressure before a technical bounce becomes probable.”

Here is an updated chart showing that previous divergence. Along with waning stock market breadth, relative strength is now in oversold territory.

What’s unusual today is the degree of divergence between individual stocks and the cap-weighted index. When a handful of stocks carry enough weight to paper over widespread internal damage, investors holding diversified portfolios feel the pain long before the headlines acknowledge it.

Furthermore, as detailed in The 200-DMA Just Broke, the deterioration is not uncommon of corrective markets. That break, combined with deeply oversold momentum readings and AAII bearish sentiment, creates a historically specific setup.

The breadth story is quite fascinating. The software sector has 97% of its S&P 500 members 20% of more below their respective 52-week highs. Automobile stocks follow at 75%, with media and entertainment at 63%.

The other end of the distribution is equally instructive. Energy stocks have zero members in bear territory. Utilities sit at just 6%, and consumer staples at 14%. Those numbers confirm the rotation that’s been underway since January.

“Significant rotation trades, characterized by heavy trading activity in and out of various sectors and factors, have led to large daily divergences in the performance of certain sectors. The market’s surface may look calm, but beneath it, passive investors are actively shifting between narratives, valuations, and risk exposures.” — RIA Advisors, February 2026

So, what likely happens next?

Reading the 200-DMA Break: Six Signals, Mixed Picture

Since 2000, the S&P 500 has broken its 200-DMA on a sustained basis seven times. The average one-month return following those breaks was -5.3%, and none produced a positive first-month return. The average 12-month return after a sustained break was -4.0%.

But the distinction between a sustained break and a reflexive whipsaw matters enormously. When the 200-DMA was already flat or declining before the price crossed below, every major bear market since 2000 followed: 2000, 2008, 2022. When the 200-DMA was still rising at the break, as it is currently, the average 12-month return was +19.8%, with a 100% hit rate for positive returns at 3, 6, 9, and 12 months.

Today’s scorecard is mixed. The 200-DMA is still rising, RSI is now below 30, and AAII bearish sentiment has risen sharply. and well above the 45% contrarian threshold. These are all still bullish. Against that, the weekly MACD had already turned negative before the price break, which has preceded every sustained bear since 2000. Stock market breadth, measured by the percentage of S&P 500 stocks above their 200-day moving averages, has dropped sharply and is below the 60% level that historically characterizes whipsaw recoveries.

Bank of America’s Michael Hartnett described the current environment as approaching a “buyable washout.” He is probably correct, but until the Iran situation is resolved, or at least a path to resolution is visible, the risk of a deeper decline can not be discounted. However, investors shouldn’t panic-sell this correction. As JPMorgan’s global market strategist, Jack Manley, noted:

“When there’s a bad sell-off, that bad sell-off is typically followed by a strong bounce back. Given the nature of this sell-off, the likelihood for that bounce back, whenever it occurs, to be pretty concentrated and pretty powerful is that much higher.”

In that previous article, we examined every instance since 2000 where all three conditions aligned simultaneously: stock market breadth deterioration with 40% or more of S&P 500 members in bear territory, the index trading below its 200-DMA, and both MACD and RSI in oversold territory. Six comparable episodes emerged:

October 2002,

March 2009,

February 2016,

December 2018,

March 2020, and

October 2022.

If those dates don’t mean anything to you, those were the months that previous corrections and bear markets ended…not began.

Yes, the near-term picture is uncomfortable, and the average one-month return in these setups is -2.1%, with only 42% of periods producing positive outcomes. While pain tends to extend, and a lower low within one to three months is the historical norm rather than the exception, it serves to wash out weaker hands.

It is the medium- and long-term data that convey the real message. By 12 months, the average return climbs to +14.6%, with 75% of comparable periods producing positive outcomes. At 24 months, average returns reach +26.3%, and the positive hit rate rises to 83%. The investor who stayed positioned through the fear, in all six of these episodes, came out far ahead of the investor who sold into it.

The Permanent Cost of Panic Selling

The single most damaging decision most investors make during periods of falling stock market breadth is selling. The data on this is unambiguous. Seven of the market’s 10 best days in any given 20-year period occur within two weeks of the 10 worst days, according to JPMorgan Asset Management research. The best days follow the worst days because fear-driven selling creates dislocations that are rapidly corrected. You can see this in the chart below, that the best and worst days are clustered together.

In other words, while investors are always told to just “buy and hold” because they will miss the 10-BEST days if they don’t, investors should focus on mitigating the risk of significant capital losses during those periods.

This doesn’t mean you can effectively miss all the bad days; however, given that higher-volatility periods tend to cluster, understanding when to reduce exposure can significantly improve outcomes over time. Even if you miss the 10-best days along the way. That math applies with particular force in setups like the current one. Since 1974, according to data compiled by Clear Perspective Advisors, the S&P 500 has returned more than 24% on average following a market correction. Only 25% of the 48 corrections since World War II have progressed into full bear markets. In other words, there is a 75% chance this correction will not turn into a bear market. However, dismissing that 25% entirely is just as foolish for future outcomes.

The One Variable That Changes Everything

The honest caveat to all this data is the recession. The two worst outcomes in the six-episode dataset, 2002 and 2008, were both accompanied by genuine economic contractions that extended the drawdown far beyond what the averages suggest. In those cases, forward returns at 12 months were still negative.

Today’s macro environment doesn’t yet show the classic recessionary signatures that preceded those two episodes. The 200-DMA is still rising, not declining, but time will change that. The Fed retains room to cut rates, but higher sustained oil prices could curtail that. Furthermore, deeply oversold sentiment indicators have historically correlated more with fear peaks than with the beginning of prolonged selling cycles. But oversold markets can, and have, become even more so previously.

Whether the Iran conflict and its oil price transmission into consumer spending and corporate margins eventually tips the economy into contraction remains the central unresolved question. That question is the one thing that investors need to guard against the most.

Goldman Sachs has held its 7,600 year-end S&P 500 target through the recent sell-off, anchored by projections of roughly $309 per share in 2026 earnings and $342 in 2027. That base case rests on 12% earnings growth and an economy that continues to expand despite the headwinds from the Iran conflict. Goldman’s own bear cases are sobering: a moderate growth shock takes the index to 6,300, while a severe oil-driven disruption could push it as low as 5,400, with the forward P/E compressing from 21x to 16x in the worst case.

JPMorgan has moved more decisively in the other direction, cutting its year-end target to 7,200 from 7,500 on March 19, citing oil supply shut-ins of 8 million barrels per day, the highest on record, and warning that markets are dangerously underestimating the demand destruction risk. JPMorgan strategist Dubravko Lakos-Bujas explicitly flagged near-term downside to 6,000–6,200, noting that four of five oil shocks since the 1970s have preceded a recession. Neither bank is calling for 2008. But the spread between their base cases and their downside scenarios has rarely been this wide.

Here is the most important point.

“Stock market breadth will eventually resolve, either by individual stocks recovering toward the benchmark level, or by the index itself catching down to the damage that’s already been inflicted.”

History says the former is far more likely given the current configuration of indicators. Given that backdrop, here are some steps to consider with respect to your own personal situation, goals, and objectives.

Stock market breadth, by any measure, is at levels historically associated with significant forward returns for patient investors. Three of the six key indicators that separate a brief, recoverable 200-DMA break from a sustained bear market are currently bullish, not bearish. That doesn’t mean the pain is over, as near-term data suggest a lower low is possible. However, for investors who can navigate the storm, clearer skies and calmer tides will eventually prevail

The goal isn’t to time the bottom. Nobody does that consistently. The goal is to avoid permanent capital impairment from panic selling, reduce risk through disciplined rebalancing, and be positioned to participate in the recovery. Based on every comparable episode in the modern era, that recovery has come, and it has come faster than the fear of the moment would suggest.

Tyler Durden
Tue, 03/31/2026 – 14:00

A Rhode Island Democratic state representative is facing blowback on social media after claiming that a mural of Iryna Zarutska, the Ukrainian woman whose brutal murder while riding a North Carolina sparked national outrage, doesn’t reflect the “values” of the city of Providence.”Ultimately, we want to make sure that every community member who calls Providence home feels safe,” Rep. David Morales told local media about a mural of Zarutska facing calls to be removed from the exterior of an LGBTQ+ club in downtown Providence.”We can both agree that this mural behind us does not reflect Providence’s values nor does it reflect the creativity that we would want to see in our city.”The lawmaker’s comments immediately sparked negative reactions from conservatives on social media after they were posted by the conservative influencer account End Wokeness in a post that has been viewed over 1 million times. CHARLOTTE RAIL MURDER SUSPECT LINKED TO INMATE RELEASE APPROVED UNDER EX-DEM GOVERNOR, GOP ALLEGES”What are his values?” Tesla and SpaceX CEO Elon Musk posted on X.”He cites people wanting to be ‘safe’ as a reason to destroy a mural on a private building meant to honor a murdered woman,” Red State writer Bonchie posted on X. “You can’t imagine how crazy Democrats are in these blue bastions. You think what you see on MSNBC is nuts? It’s even worse in their bubble cities.””Honoring the memory of a Ukrainian immigrant who had her throat slit on public transportation by a repeat offender with 14 prior arrests doesn’t reflect Providence’s values????” Defending Education communications director Erika Sanzi posted on X.”What ‘value’ does the mural not reflect?” Republican Rep. Chip Roy posted on X.”Iryna’s death highlights the consequences of warped policies that keep violent criminals out of jail,” Heritage Foundation President Kevin Roberts posted on X. “Memorializing her reminds us that those policies create more victims and should be eliminated. Telling that those aren’t Rep. Morales’ ‘values.’””True,” Texas GOP Sen. Ted Cruz posted on X. “Dems would prefer a mural celebrating her murderer.””Providence had a George Floyd mural and nobody called it divisive,” GOP strategist and commentator Mehek Cooke posted on X. “Iryna got murdered by a man arrested over a dozen times, and a city couldn’t let her face stay on a wall because the donor list was inconvenient. We means-test grief now.”CNN commentator Scott Jennings referred to Morales as a “deranged lunatic” in a post on X.Fox News Digital reached out to Morales’s office for comment but did not receive a response.Morales responded to Musk on X in a post clarifying what his “values” are. “Not to exploit the death of a refugee to push an agenda centered around fear and division,” Morales wrote. “My values, like many of our neighbors in Providence, is to protect our immigrant neighbors from ICE’s state-sanctioned violence and supporting our refugee neighbors with authentic care.”CHARLOTTE LIGHT-RAIL STABBING MURDER SPURS LANDMARK CRIMINAL JUSTICE REFORM FROM NORTH CAROLINA REPUBLICANSThe mayor of Providence, Democrat Brett P. Smiley, has also spoken out against the mural.”The murder of the individual depicted in this mural was a devastating tragedy, but the misguided, isolating intent of those funding murals like this across the country is divisive and does not represent Providence,” Smiley said. “I continue to encourage our community to support local artists whose work brings us closer together rather than further divides us.”Zarutska, a 23-year-old refugee who fled her country after the Russian invasion, was brutally stabbed to death in an unprovoked attack while riding the Lynx Blue Line light rail in Charlotte, N.C., last year. The suspect, Decarlos Brown Jr., 34, is charged with violence against a railroad carrier and mass transportation system resulting in death, which is a capital offense under federal law.Records from the North Carolina Department of Adult Correction show Brown has a prior criminal history, including convictions for larceny, breaking and entering and armed robbery. He served five years in prison starting in 2015.Zarutska’s death prompted questions about soft on crime policies adopted by many Democratic-run cities. President Donald Trump spotlighted the killing during his State of the Union address last month. “Iryna was riding home on the train when a deranged monster, who had been arrested over a dozen times and was released through no-cash bail, stood up and viciously slashed a knife through her neck and body,” Trump said.Fox News Digital’s Louis Casiano contributed to this report.

With her husband on the fast track to the Pro Football Hall of Fame, Brittany Mahomes has been enshrined in one herself.The wife of Kansas City Chiefs star quarterback Patrick Mahomes was inducted into the University of Texas at Tyler Hall of Fame over the weekend.Brittany starred at the school on the women’s soccer team, scoring 31 goals in 70 games played. In her senior season, she scored 18 goals, then a program record, in as many games after scoring seven the year prior. Twelve of those goals came amid four hat tricks on the season, and they came in a pair of back-to-back games.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM The lady Patriots were gifted new Team Mahomes kits and cleats for the fall 2026 season, complete with the Team Mahomes signature Gladiator symbol.”Truly honored to be inducted into the UT Tyler Athletics Hall of Fame!” Mahomes wrote on Instagram. “This City and this School is a huge part of who I am today, I will forever cherish this honor and am forever grateful for what this program did for me as an athlete and as a person! Coach Webb, you brought out the best in me, this doesn’t happen without you!”PATRIOTS’ SUPER BOWL APPEARANCE WAS NO FLUKE, TEAM LEGENDS SAY: ‘THEY’RE FOR REAL'”Congrats!!!! Love you!” her husband commented.”HOF BRITT!!!! LFG!” Travis Kelce added.”Your hard work and heart never go unnoticed! Love you and cheering you on always,” Brittany’s mother-in-law, Randi, said on Instagram.Brittany and Patrick became founding co-owners of the National Women’s Soccer League’s Kansas City Current in 2020. She played professionally in Ireland in 2017.The couple went to the same high school in Texas and now have three children.Follow Fox News Digital’s sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter

In a definitive blow to states that have restricted so-called “conversion therapy” – counseling those seeking help with same-sex attraction – the U.S. Supreme Court Tuesday handed down a decision affirming the freedom of Christian counselors and their minor clients.
The 8-1 ruling strikes down a 2019 Colorado law prohibiting practitioners from conducting “conversion therapy” on patients under 18. It now has implications for the other 22 states that have similar laws on the books.
Kaley Chiles, a licensed mental health counselor who invoked her Christian faith and challenged the law, argued that it violated her First Amendment right of free speech.

? In an 8-1 vote, the Supreme Court holds that Colorado’s ban on “conversion therapy,” as applied to petitioner’s talk therapy, violates the First Amendment because it constitutes viewpoint discrimination pic.twitter.com/NkDo4Djsb6
— SCOTUS Wire (@scotus_wire) March 31, 2026

“Colorado’s law addressing conversion therapy does not just ban physical interventions. In cases like this, it censors speech based on viewpoint,” wrote Justice Neil Gorsuch on behalf of the Court majority.
“As applied to Ms. Chiles, Colorado’s law regulates the content of her speech and goes further to prescribe what views she may and may not express, discriminating on the basis of viewpoint,” he argued.
The First Amendment, wrote Gorsuch, is a “shield against any effort to enforce orthodoxy in thought or speech in this country.”
Justice Ketanji Brown Jackson was the lone dissenter in the case, accusing her colleagues of opening “a dangerous can of worms” by undermining states’ ability to regulate “medical practices” that “risks grave harm to Americans’ health and well-being.”
The plaintiff’s attorney, James Campbell of the Alliance Defending Freedom, cheered the ruling in a statement as “a significant win for free speech, common sense, and families desperate to help their children.”
Reporting on the rulling, Not the Bee noted, “The LGBT sex cult has banned Christian counselors from helping people who struggle with sexual sin in 23 states. SCOTUS just said that’s unconstitutional.”

A 22-year-old high school special education teacher is facing decades behind bars after authorities say she engaged in sexual relationships with students and provided them with alcohol at her apartment.Nadia Horn, who co-taught World Studies at Eau Claire North High School, made her initial appearance in Eau Claire County Court on Monday on felony child sexual assault charges.According to a criminal complaint obtained by WEAU-TV, the investigation began on March 25 when the Eau Claire Area School District flagged a “potential inappropriate relationship” to a School Resource Officer. The subsequent probe revealed a pattern of grooming and exploitation involving multiple 16-year-old victims.Detectives said Horn targeted at least two students she claimed needed support. One victim told police that Horn purchased a cell phone for him to facilitate “Snapchatting,” where she allegedly sent “really revealing” photos.INDIANA SCHOOL SECRETARY CHARGED AFTER HUSBAND FINDS HER WITH STUDENT, PROBE REVEALS AFFAIR WITH ANOTHER: COPSDuring police interviews, Horn allegedly admitted to having sexual intercourse with one victim three times at her Eau Claire apartment, stating, “I made a mistake.”The victim reportedly told police that he and Horn did “everything sexual you can do with a person.”She allegedly admitted to sexual encounters with a second 16-year-old student as well, telling investigators that the encounters “felt mutual” and she did not feel she was taking advantage of the minor.HIGH SCHOOL BASKETBALL COACH CHARGED WITH RAPING FOSTER DAUGHTER, SERVING VICTIM TEQUILA SHOTS: REPORTHorn also allegedly admitted to bringing three teenage boys to her apartment in March because they “needed a ride.” Once there, she allegedly provided the minors with wine because “they asked,” according to the complaint.The Eau Claire Area School District confirmed in a letter to families that Horn has been suspended without pay pending the outcome of the legal proceedings.Horn was charged with second degree sexual assault of a child under 16 and two counts each of child enticement and sexual assault of a child by school staff/volunteer.If convicted on all counts, Horn faces a maximum of 40 years in prison and a $100,000 fine.Following her Monday court appearance, a judge set a $15,000 cash bond, which Horn posted shortly after. She is scheduled to return to court for a hearing on May 20.

President Donald Trump voiced his continued support for Tiger Woods following the golfer’s DUI arrest in Florida after a rollover crash, saying in a recent interview that the five-time Masters champion “lives a life of pain.”Speaking exclusively with the New York Post on Tuesday, Trump confirmed that he spoke with Woods following his arrest in Jupiter Island on Friday afternoon.  “I think he’s doing great, he’s doing good,” the president told the New York Post, adding later, “He tested negative for alcohol, as you know, and he is under a tremendous physical pressure from his various ailments, you know, the back and the leg.” CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COMAccording to an arrest affidavit obtained by Fox News Digital on Tuesday, deputies with the Martin County Sheriff’s Office reported observing several signs of impairment at the scene, noting that Woods was “sweating profusely” and that his movements appeared “lethargic and slow.”Woods was placed under arrest after performing a series of field sobriety tests, and during a search, law enforcement found “two white pills inside Woods’ left side pant pocket.” According to the arrest affidavit, the pills were later identified as hydrocodone, a prescription opioid for pain relief. TIGER WOODS ARRESTED IN DUI CRASH WITH ‘WHITE PILLS’ FOUND IN HIS POCKET, AFFIDAVIT SAYSWoods previously told law enforcement prior to the field sobriety tests that he underwent seven back surgeries and “over 20 operations on his leg.” He told law enforcement that “I take a few” prescription medications.”He lives a life of pain. He has a lot of pain. He’s an amazing guy. He’s an amazing athlete. He does have pain,” Trump added Tuesday of Woods. “He doesn’t have an alcohol problem, but he does have pain.”At the jail, Woods submitted to a breathalyzer, where he provided 0.00 results on both samples. He declined to submit to a urine test, resulting in another charge.Woods is in a relationship with the president’s former daughter-in-law, Vanessa Trump. He competed in The Golf League championship last week, where Vanessa Trump and her daughter, Kai Trump, were spotted in the stands.Follow Fox News Digital’s sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.

WWE legend Stephanie McMahon made a return to “Monday Night Raw” at Madison Square Garden in New York City to address undisputed champion Cody Rhodes.Rhodes has been engulfed in a feud with Randy Orton since the “Legend Killer” won the men’s Royal Rumble. Orton gets a shot at the Undisputed WWE Championship at WrestleMania 42, which Rhodes won back from Drew McIntyre a few weeks ago.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COMOrton has been on a rampage on “Friday Night SmackDown” – leaving Rhodes a bloodied mess during one episode and hitting an RKO on country music singer Jelly Roll last week. McMahon came out on Monday to give Rhodes a bit of advice. She said that Rhodes will have to tap into something sinister if he wants to come out on top at WrestleMania.McMahon appeared to get under Rhodes’ skin when she told him that he isn’t going to be able to bring out the best from Orton because “this version of Randy Orton is diabolical.””You don’t have to be diabolical, but you’re going to have to be able to think like that. You’re gonna have to be able to think like Randy. Your father understood that better than anybody. Dusty Rhodes could roll with the best of them,” she said. “He can get down and dirty with the best of them, but from what I’ve seen so far, you are not your father.”The line got a huge reaction from the crowd in New York.WWE SHARES HALL OF FAME DETAILS AS WRESTLEMANIA 42 NEARSRhodes explained he knows “everything” about Orton, including his violent streak during the peak of his career which saw him punt McMahon.”You want to bring up fathers, I’m not mine. You’re right,” Rhodes fired back. “Stephanie McMahon, with all due respect, you’re not yours either.”McMahon then proceeded to slap Rhodes across the face.At the end of the segment, Rhodes thanked McMahon for seemingly giving him the wake-up call he may need to get locked in for his WrestleMania match.WrestleMania 42 is set to take place on April 18 and 19 in Las Vegas at Allegiant Stadium.

A former San Francisco official who oversaw a multimillion-dollar initiative that aimed to shift funding from law enforcement into Black communities after George Floyd’s death is accused of funneling taxpayer money to a nonprofit she was tied to for personal gain.Sheryl Davis, 57, the former executive director of the San Francisco Human Rights Commission who led the city’s Dream Keeper Initiative, is accused of directing more than $4.5 million in program funds to a nonprofit she previously ran while maintaining financial ties to it, according to the San Francisco District Attorney’s Office.Prosecutors said Davis used public funds for personal benefit, while a city audit flagged spending on a 30-night luxury hotel stay, hundreds of sports tickets and lavishly catered events.MASSACHUSETTS AUDITOR TAKES TRANSPARENCY FIGHT TO HIGH COURT AFTER ALLEGED $12M FRAUD UNCOVEREDDream Keeper was described as a $120 million investment in San Francisco’s Black communities following Floyd’s death, with officials initially seeking to redirect funding away from law enforcement.Prosecutors alleged Davis remained connected to the nonprofit’s finances even after taking her city role, including serving as a signatory on its bank account and helping steer how the money was spent.Authorities said Davis directed millions in city funds to the nonprofit, Collective Impact, while maintaining personal and financial ties to the organization and its leadership.The district attorney’s office also alleges Davis approved more than $3.5 million in city funds to another organization that later paid her son nearly $140,000, with the money deposited into an account she jointly controlled.Davis and James Spingola, 65, a nonprofit executive and former head of Collective Impact with whom she had a personal relationship, were arrested Monday and charged in connection with the case, according to prosecutors.”Davis and Spingola’s finances were completely intertwined, suggesting a deep personal relationship in which the financial benefits to Spingola resulted in a benefit to Davis,” San Francisco District Attorney Brooke Jenkins said, adding that the pair lived together, shared bank accounts and traveled together.WATCH: San Francisco DA announces charges against ex-Human Rights Commission leader accused of funneling city funds to nonprofit”We did find that a portion of this money was spent in a manner that was self-dealing and was for her benefit,” Jenkins said at a news conference.The charges follow a September city audit that found public funds paid for a 30-night stay at a luxury San Francisco hotel, more than 500 San Francisco Giants tickets, and over $350,000 in catering and events. The audit also flagged 700-plus gift cards worth a total of more than $20,000 and at least $75,000 spent promoting Davis’ personal brand, including her book and podcast.Davis also allegedly arranged the sale of 1,500 copies of her children’s book, “Free to Sing,” and used public funds to promote her personal projects, according to the New York Post.The audit found the department under Davis engaged in a “pattern and practice” of bypassing safeguards and abusing public funds.CONVICTED MINNESOTA FRAUDSTER ALLEGES WALZ, ELLISON WERE AWARE OF WIDESPREAD FRAUDAccording to prosecutors, Davis faces 13 felony counts of financial conflict of interest in government contracts, as well as additional felony charges including misappropriation of public funds and perjury.Spingola faces felony charges tied to aiding and abetting the alleged conflicts of interest involving city contracts connected to the nonprofit.An affidavit filed in the case described what prosecutors called a “pervasive pattern of self-dealing” tied to Davis’ role overseeing tens of millions of dollars in public funding.The Dream Keeper Initiative has faced scrutiny over how funds were allocated and tracked, with critics raising concerns about transparency and oversight.Defense attorneys pushed back on the allegations.”This case has all of the hallmarks of public corruption, but none of that holds water,” Davis’ attorney, Tony Brass, said, per KTVU, adding that she disclosed potential conflicts and sought oversight from the city.Brass said Davis attempted to distance herself from contract decisions and requested additional financial supervision and audits that were not provided.Spingola’s attorney, Randall Knox, said he had not yet reviewed the evidence and emphasized his client is presumed innocent.”I’ve not seen the evidence against him yet. He is presumed to be innocent under the law. I don’t want to try this case in the press,” Knox said.