Controversy Follows Election of New NAACP Chairman

The National Association for the Advancement of Colored People celebrated the election of the veteran civil-rights activist Julian Bond as chairman of its Board of Directors last month. But it almost immediately found itself mired in controversy over the roles of two trustees who have pleaded guilty to embezzling money from people not associated with the civil-rights group.

Mr. Bond, a one-time colleague of Martin Luther King, Jr., and a former Georgia

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