Thursday, April 4, 2013

This Embezzlement Takes The Cake!!

By Gary Snyder

A high-ranking Atlanta (GA) Metropolitan Area Regional Transportation Authority official who was responsible with helping overhaul the transit authority’s finances and business model has been indicted by a grand jury on charges of embezzlement. The victim: the Washington, D.C., chapter of the Institute for Internal Auditors, an association whose members guard their employers against fraud. 

MARTA was unaware of the indictment until The Atlanta Journal-Constitution alerted them. He verified that Howard still heads internal audits at MARTA. MARTA officials are investigating how its chief auditor was hired despite a history of financial red flags. He was under indictment in Virginia on charges of embezzlement and had a history of five-figure liens. The authority now plans to look at its own books to make sure that funds are in their proper place.

Howard had been the chief audit executive for Prince William County before beating out several highly qualified candidates to replace one of MARTA’s top officials.

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,, 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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