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Suspect In CEO Murder Remains Jailed...

A former employee of Payment Solutions, an automated payments firm that processes credit cards for nonprofits, remains behind bars without bail. He is charged with the murder of the firm’s CEO, Geoffrey Biddle. According to information from Montgomery County State’s Attorney John McCarthy’s office, Billy J. Phillips III, 36, of Rockville, Md., was charged with […]

Accountant Stole At Least $12.8 Million From NPO...

A former accounting manager for the University of South Florida’s University Medical Service Association (UMSA) has admitted to defrauding the nonprofit of at least $12.8 million and filtering the money through an adult website. Ralph Puglisi has pleaded guilty to one charge of mail fraud. As part of the actions leading up to entering his […]

78 Months for Demanding Donation “Refund”...

Jamie Walsh of Memphis, Tenn. was given a 78-month federal prison sentence for scamming nearly a quarter-million dollars from more than 100 organizations, the majority of which were nonprofits. Walsh pled guilty to one count of bank fraud on March 3 after being initially charged with eight counts of bank fraud, false or fraudulent claims, […]

TIAA-CREF To Pay $97 Million in Investor Restitution...

TIAA-CREF Individual & Institutional Services will pay $97 million in restitution to customers who were allegedly pressured to move their retirement investment accounts from low-cost employer-sponsored plans into higher-fee individually managed accounts that ultimately often didn’t perform as well. The New York City-based financial services firm provides investment services and financial products for individuals who […]

Woman Gets 6 Years After Defrauding 2 Nonprofits...

Nicole Lescarbeau, a.k.a. Nicole Coulibaly, was sentenced to six years in prison, five years of supervised release and ordered to make restitution to two nonprofits she defrauded while employed by them. Lescarbeau embezzled more than $1.4 million from the two nonprofits, which were not identified in court papers or a statement from the United States […]

4 AGs Investigating Political Recurring Gifts...

Monthly sustainers and recurring donations in other forms have become a popular fundraising tactic in recent years. It’s common for fundraising solicitations to include a lightbox or similar tools on websites, encouraging donors to turn their one-time gift into a recurring donation, automatically debiting a checking account or credit card each month. In those cases, […]

Pitcher’s Pastor Purloined And Pursued (Allegedly)...

Former baseball player Ben Zobrist has filed a complaint against Byron Yawn, claiming Yawn used his position as a pastor to embed himself in the financial operations of Patriot Forward, Zobrist’s charity, as well as to bed Zobrist’s wife, Julianna. Yawn is accused of a “breach of fiduciary duty while acting in a confidential role […]

Would-be Rhode Island State Rep Stole Nonprofit Funds...

Laufton Ascencao, who was elected to the Rhode Island House of Representatives in 2018 but never took office, pleaded nolo contendere to one count of felony embezzlement, three counts of failure to report campaign expenditures and one count of failure to have a duly appointed treasurer other than himself certify the accuracy of his campaign […]

Class Action Filed Against ARC’s Retirement Plan Management...

Participants in the American Red Cross (ARC) retirement plan have gone to federal court alleging retirement fund fees were not kept below market standards and that returns on investments were subpar. Fund participants claim that they lost millions of dollars, according to a class action complaint filed in the U.S. District Court for the District […]

Canadian Nonprofits Claim Government Targets Muslim Charities...

Muslim charities in Canada are increasingly being targeted for audits and revocation of their status, according to a publication from the International Civil Liberties Monitoring Group (ICLMG), Ottawa, Toronto. The challenges to charities are coming from a division within the Canada Revenue Agency (CRA), which coordinates tax policy and oversees benefit programs and tax credits, […]