Want To Avoid Nonprofit Fraud? Look To Your Board For Action
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Original Publication: https://www.snpo.org/redir/articles.php?id=1752
By Eugene Fram with accounting professor Bruce Oliver
(The executive director acknowledged working with the insurance agent.) Under their scam, the council paid inflated insurance premiums and (the two) split the over-payments.
“I knowingly helped steal more than $1 million … as part of a scheme in which insurance premiums were inflated,” (The ED) told a judge in Supreme Court, the trial level court in New York State. (http://bit.ly/1QeakRt)
Here is what nonprofit board members can do to help reduce fraud in their organizations. (more…)