May 21, 2009
Fighting Nonprofit Fraud
Charities need to tighten controls against theft in tough economy
Like most people in the nonprofit world, Nick Rees has heard the horror stories of trusted employees who labor faithfully at their jobs for decades, only to shock their employers by stealing money from the organization's coffers. As vice president for development at the Buckeye Ranch, a large mental-health-services provider in Ohio, he had always hoped his charity had enough safeguards to keep such theft from happening there.
Late last year, however, the organization, which runs on a
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