Tuesday, June 5, at noon U.S. Eastern Time
Each year, people working for charities steal billions of dollars from their employers. Experts urge nonprofit executives to create systems that discourage fraud, yet few nonprofits heed their advice.
Read the transcript below of a live online discussion on steps nonprofits can take to curb potential abuse by their employees.
You’ll learn what role board members, top executives, and the staff can play in preventing fraud and how nonprofits can identify and eliminate weaknesses in their financial systems that make embezzlement easy for employees to pull off.
Michael S. DeLucia is a trustee for the Agnes Lindsay Trust and was director of Charitable Trusts in the New Hampshire Attorney General’s Office from 1996 to 2010. He is former president of the National Association of State Charities Officials.
Bradford E. Cook works with nonprofits as an attorney for Sheehan, Phinney, Bass and Green in New Hampshire. He represents many colleges and private secondary schools, religious organizations, hospitals, and other nonprofit clients.