Canadian charities and embezzlement - when the river runs dry, the jagged rocks are revealed
Posted by .(JavaScript must be enabled to view this email address) on 01/19/2010 | comments (1) | permalink | forward to a friend
Posted under News | Canadian Charity Law | Avoiding 'Charity' Scams
Posted under News | Canadian Charity Law | Avoiding 'Charity' Scams
Recently a US Report on major embezzlements by Marquet International was released. The report covers only one type of fraud namely embezzlement or the misappropriation of resources by an employee or agent of an organization for his or her own purposes. What is interesting is first the high number of non-profits who suffer from embezzlements. “Non-profit and religious organizations accounted for more than 11 percent of all the incidents, consistent with our 2008 findings.”
