Washington Post report finds fraud, embezzlement at more than 1,000 non-profits

A startling report in today’s Washington Post, the newspaper says more than a thousand of the nation’s non-profits have each acknowledged losses of a quarter million dollars or more, because of theft, investment fraud, embezzlement or other unauthorized use of funds. The report is based on tax filings by the non-profits during the past five years. Each non-profit disclosed the problem by checking a box on the tax form indicating what’s called a significant diversion of funds. For more about all this, we’re joined from Washington by Joe Stevens, he’s an investigative reporter for the Post and the co-author of today’s piece. So your article says just the ten largest losses you’ve identified add up to more than five hundred million dollars, give us some examples. More on PBS NewsHour here.

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