The 9/11 Charity Fraud Shame List, by gawker.com

For those absolutely devoid of scruples, charity fraud is the field par excellance, in which you can simultaneously harvest kudos for your humanitarianism and make off with vast bundles of untaxed cash. Convictions for charity fraud are so rare as to be nonexistent, so any criminals operating in other fields of endeavor are incurring unnecessary risks.

The 9/11 Charity Fraud Shame List, by gawker.com

Postby admin » Tue Jun 24, 2014 3:29 am

The 9/11 Charity Fraud Shame List
by gawker.com

NOTICE: THIS WORK MAY BE PROTECTED BY COPYRIGHT

YOU ARE REQUIRED TO READ THE COPYRIGHT NOTICE AT THIS LINK BEFORE YOU READ THE FOLLOWING WORK, THAT IS AVAILABLE SOLELY FOR PRIVATE STUDY, SCHOLARSHIP OR RESEARCH PURSUANT TO 17 U.S.C. SECTION 107 AND 108. IN THE EVENT THAT THE LIBRARY DETERMINES THAT UNLAWFUL COPYING OF THIS WORK HAS OCCURRED, THE LIBRARY HAS THE RIGHT TO BLOCK THE I.P. ADDRESS AT WHICH THE UNLAWFUL COPYING APPEARED TO HAVE OCCURRED. THANK YOU FOR RESPECTING THE RIGHTS OF COPYRIGHT OWNERS.


The Associated Press checked in with 325 charities founded in the wake of 9/11, many of which are still active. Most of them were doing nice things! But a bunch were doing ethically dubious, borderline fraudulent things, frittering away millions of benevolently bestowed dollars.

Examples:

Arizona resident Kevin Held reportedly raised $713,000 to create a 9/11 memorial quilt "big enough to cover 25 football fields." He gave himself a a $175,000 salary, a $200 weekly car allowance, "rent reimbursement," and unreported "loans." He paid his family members "consulting fees." He apparently said a Catholic priest was the chairman of his charity's board, but the Catholic priest wasn't even aware of it. He told lies about the origin of his charity. He will soon move into a $660,000 five-bedroom home overlooking a lake, the AP reports. Total memorial quilt output: "several hundred decorated sheets packed in boxes at a storage unit."

Connecticut resident John Michelotti reportedly raised $140,000 for his Flag of Honor/Flag of Heroes Project. He used the money to launch a for-profit company that produces flags printed with the names of 9/11's dead for $5 in China, then sells them for $25 a pop stateside under the guise of contributing to a "fund to help those that were affected," the AP reports. He hasn't donated any proceeds to charity, yet, but he says he's going to start soon! He will donate 70 cents from the sale of each flag (pictured above) and keep $19.30 for himself. Oh, and he gave $15,000 to charity once. Good for him.

Based in a church near Ground Zero, Rev. Carl Keyes reportedly raised more than $4 million "to help victims and first responders" with the help of a Christian TV telethon. His 9/11 charity, Urban Life Ministries, has accounted for the use of only $670,000 of its funds since 2001, the AP reports. Keyes says his organization did nothing wrong, they're just "bad managers."

Harley aficionado Theodore Sjurseth organizes an annual 9/11 memorial motorcycle ride. His charity had "nearly $2.2 million in gross revenue between 2003 and last year." It reportedly spends less than 20 percent of the money it raises on charitable causes; the rest goes towards hotel rooms, meals, and entertainment for ride participants. After those other tales of crass greed, this one seems almost quaint! Just run-of-the-mill mismanagement and obnoxious priorities.
admin
Site Admin
 
Posts: 18498
Joined: Thu Aug 01, 2013 5:21 am

Return to Charity Fraud -- It's All About Bears and Cancer

Who is online

Users browsing this forum: No registered users and 3 guests

cron