Monday, November 25, 2013

Hundreds of millions stolen from political nonprofits never reported to IRS as legally required-Washington Post

11/23/13, "Nonprofit groups often seek restitution, not prosecution, when money goes missing," Washington Post, Stephens and Flaherty

"Many of the diversions identified by The Post were described as acts of theft and fraud carried out by insiders, contractors and investment advisers. While the diversions totaled hundreds of millions of dollars, the newspaper’s investigation also found that many of the groups — like the institute — failed to divulge how much they had lost, even though federal filing instructions direct charities to disclose the amount of money or property involved."...(end p. 1)


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