To: Liz
and this is what I am pointing out/saying...
The IRS can investigate all it wants, they're be 'stymied' and the NPOs?
" The only way the fraud could have been stopped was to hire private attorneys to take the individual to court for fraud against the nonprofit. However, the nonprofit board walked away from it because they didn't have the personal resources to stop the fraud."
It's a great article, but it clearly shows a no win- no win. And when one is up against Foundations, they'll lose every-time and be BB from grants or anything else.
10 posted on
03/13/2005 4:58:27 AM PST by
EBH
(And the Wall came tumblin' down...)
To: EBH
The point is----these cases illustrate the need for accountability, and are the ones that triggered the curent investigation.
Since Enron, accounting procedures are suspect. Now NPO's are being investigated, and hopefully will be subjected to more stringent laws covering their activities.
14 posted on
03/13/2005 5:23:07 AM PST by
Liz
("There is no safety for honest men except by believing all possible evil of evil men." Edmund Burke)
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