Posted on 10/26/2013 10:05:02 PM PDT by Brad from Tennessee
For 14 years, the American Legacy Foundation has managed hundreds of millions of dollars drawn from a government settlement with big tobacco companies, priding itself on funding vital health research and telling the unadorned truth about the deadly effects of smoking.
Yet the foundation, located just blocks from the White House, was restrained when asked on a federal disclosure form whether it had experienced an embezzlement or other “diversion” of its assets.
Legacy officials typed “yes” on Page 6 of their 2011 form and provided a six-line explanation 32 pages later, disclosing that they “became aware” of a diversion “in excess of $250,000 committed by a former employee.” They wrote that the diversion was due to fraud and now say they believe they fulfilled their disclosure requirement.
Records and interviews reveal the full story: an estimated $3.4 million loss, linked to purchases from a business described sometimes as a computer supply firm and at others as a barbershop, and to an assistant vice president who now runs a video game emporium in Nigeria. . .
(Excerpt) Read more at washingtonpost.com ...
Astonishing.
A lot of these “non-partisan non-profits” are set up simply to keep hefty paychecks going to lefties... check out Mother Jones for instance.
A Nigerian video game emporium, eh? lol
A lot of these “non-partisan non-profits” are set up simply to keep hefty paychecks going to lefties... check out Mother Jones for instance.
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Indeed they are. Many “lefties” live and travel “large” off of the salaries, benefits and “expenses” they receive from their work with non-profits. Even foundations set up by conservative individuals almost invariably end up controlled by leftist professionals.
Yes they do
bump
I wonder how much fraud of this nature is happening in our school districts? The city of Baltimore spends somewhere in the neighborhood of $15k/student. Anytime you have these huge sums of money being thrown around, the unscrupulous show up to skim a little or a lot off the top.
>>Even foundations set up by conservative individuals almost invariably end up controlled by leftist professionals.
A very important point.
Just because an organization is honorable this year, that doesn’t mean you can trust it next year. Keep a close eye on where your money goes. This is true about other things as well. A good school for your kids this year might not be as good next year.
I used to give generously to a number of organizations which I have now cut off. Sadly, my church is one of them. I still give, but I am very careful where the money goes.
Such fraud and embezzlement are assuredly happening anywhere there is a government agency or nonprofit that collects and gives out money. It is happening in almost all government offices and agencies everywhere. In the merely clerical offices it may go no further than taking office supplies home and maybe computers and stuff, but it happens. Corruption varies directly with the size of government and nonprofits.
The number one question to be asked of any non-profit: what percentage of your funds come out of the pockets of the citizens of the USA in the form of tax dollars, or IOW how much money are you getting from the federal government?
We’re not $19 Trillion in debt for nothing. There’s lots of skimming etc everywhere. Criminals.
...the American Legacy Foundation has managed hundreds of millions of dollars drawn from a government settlement with big tobacco companies... Legacy officials typed "yes" on Page 6 of their 2011 form and provided a six-line explanation 32 pages later, disclosing that they "became aware" of a diversion "in excess of $250,000 committed by a former employee." ...Records and interviews reveal the full story: an estimated $3.4 million loss, linked to purchases from a business described sometimes as a computer supply firm and at others as a barbershop, and to an assistant vice president who now runs a video game emporium in Nigeria.D*mn those Amish.
I used to give to charities until I learned that my government also gives my money to them. I leave it all up to the professionals these days. They tell me how much I owe, I pay it and they piss it away. Oops, I mean, they give it away. Dangit, I mean, they spend it as if it was their own money.
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