Friday, March 8, 2013

Nonprofit Fraud: Governors Association Did Not Monitor Its Own Money

by Gary Snyder

The Nicholasville (KY) Police Department have arrested and are investigating a Lexington man it says stole $274,000 in campaign-contribution checks intended for the Democratic Governors Association. 

According to a criminal complaint filed by police that the perpetrator “worked at a check processing company in Lexington (KY) where he received and recorded” campaign contributions. 

The complaint the offender allegedly “used his position to steal checks over a two-year period” (July 2010 to September 2012) and deposit them into his personal account at a Nicholasville bank. The complaint further read that an audit of the account discovered that the total sum of stolen campaign checks deposited into his account was in excess of $250,000.

Nonprofit Imperative gathers its information principally from public documents...some of which are directly quoted. Virtually all cited are in some phase of criminal proceedings; some have not been charged, however. Cites in various media: Featured in print, broadcast, and online media outlets, including: Vermont Public Radio, Miami Herald, National Public Radio, Huffington Post, The Sun News, Atlanta Journal Constitution, Wall Street Journal (Profile, News and Photos), FOX2, ABC Spotlight on the News, WWJ Radio, Ethics World, Aspen Philanthropy Newsletter, Harvard Business Review, Current Affairs, The Chronicle of Philanthropy, St. Petersburg Times, B, USA Today Topics, Newsweek.com, Responsive Philanthropy Magazine, New York Times...and many more Nonprofits: On the Brink (2006) Silence: The Impending Threat to the Charitable Sector (2011)
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