All articles tagged with #nonprofit scandal
Federal authorities arrested two individuals in Los Angeles for allegedly defrauding millions of dollars in taxpayer funds intended for homeless services. Lakiya Malone is accused of accepting bribes to enroll fake participants, while Michael Young, founder of a Culver City nonprofit, is charged with diverting funds for personal luxuries.
The Community Resource Collaborative (CRC) in Rochester is under investigation and has had its funding temporarily suspended after the termination of its founder. The nonprofit's attorney has revealed that the new CEO discovered missing funds and sought legal assistance. The total amount missing is reportedly less than the $7 million initially reported, and the organization is awaiting the results of a forensic audit. The attorney highlighted the lack of financial safeguards and emphasized the need for a two-authorization system for accessing funds.