November 27, 2003
Study: Charity Fraud Exceeds $1-Billion
High-level charity officials stole or misused at least $1.28-billion from 152 nonprofit organizations during the past seven years, but the organizations recovered less than half that amount while many perpetrators received minor punishment, according to a new study.
The study, by Harvard University's Hauser Center for Nonprofit Organizations, is based on newspaper reports of fraudulent activity involving directors, officers, and trustees of nonprofit organizations from 1995 to
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