« Community Action Agency Double Bills and Loses Money | Main | NY Nonprofit Laws Set Limits on Pay »

June 26, 2008

NY City Councilman's Aides Rip Off 3 Nonprofits for $145,000

Two New York City Councilman's Aides ripped off 3 nonprofits for $145,000.

According to the New York Times, the aides actually "controlled" three nonprofits and redirected funds to themselves.

How can this happen?  I understand how the Aides could get away with transferring money from the Councilman's budget (although I have previously discussed how crazy this practice is) but where was the rest of the board of the 3 nonprofits?  What does "control" actually mean?  And where are the nonprofit's auditors?  Don't they have some responsibility here?

IRS where are you?  New York citizens, where are you?

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e550f65ecb883400e5537174c58833

Listed below are links to weblogs that reference NY City Councilman's Aides Rip Off 3 Nonprofits for $145,000:

Comments

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment