Friday, January 04, 2008

2007 NONPROFIT HALL OF SHAME

This in from the AP: A Bangor, Maine woman is in jail on a felony theft charge for embezzling $60,000 (maybe more) from a nonprofit that assists families with foster and adopted children.

Police arrested Katherine Ratliff, 39, after workers at Adoptive & Foster Families of Maine discovered discrepancies in the organizations accounts.

From a post on Deal W. Hudson's blog: 85 percent of Roman Catholic dioceses that responded had discovered embezzlement of church money in the last five years, with 11 percent reporting that more than $500,000 had been stolen.

Related Nonprofit Eye post:

2006 Nonprofit Hall of Shame



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