Charities and other non-profits often try to keep their losses quiet to avoid spooking donors, but a Washington Post investigation by Joe Stephens and Mary Pat Flaherty used a new IRS tax return checkbox to find more than 1,000 organizations that reported significant diversions of assets. The Post’s online database is being used by news organizations around the country (and abroad) to report on charities in their area that were victimized.
Home » Extra Extra » Fraud
Extra Extra : Fraud
"Thousands of residents in U.S. nursing homes and other long-term care institutions have had their personal savings raided or mismanaged after relying on the facilities to safeguard the money in special trust fund accounts, a USA TODAY investigation shows. At least 10 of the thefts have exceeded $100,000 from a single nursing home account."
“Insiders say they were asked to make changes to the San Mateo County Transit District’s financial records that they believe were illegal; they say SamTrans made up expenses to create the appearance it needed more taxpayer money.”
"The fund has raised about $10 million since 2000, including about $1 million or 10 percent that a state law designated to help organ donors’ families pay funeral and medical expenses. But none of the money has been spent to defray those bills, a Tribune-Review investigation found. Even after the state started a smaller program to help living donors or deceased donors’ families to defray hotel and meal expenses, it spent slightly more than $180,000 of the $1 million for that. Only one deceased donor’s family was helped before the state stopped reporting the results in 2011."
"A Depression-era program intended to save the nation’s farmers from ruin has grown into a 21st-century crutch enabling affluent growers and financial institutions to thrive at U.S. taxpayer expense. Federal crop insurance encourages farmers to gamble on risky plantings in a program that has been marred by fraud and that illustrates why government spending is so difficult to control."
EnergyWire reports: "A little-known company called Halek Operating ND LLC is facing the largest fine North Dakota has ever levied against an oil and gas producer -- $1.5 million -- for jeopardizing drinking water near Dickinson. But even before the company drilled its first well in North Dakota, federal officials say the man behind it had swindled $22 million out of 300 investors in a Texas oil and gas project."
Sex Predators Unleashed | Sun-Sentinel
"Another child is dead. This time, a brown-haired, brown-eyed girl, a year younger than Jimmy Ryce. A 1999 law passed after Jimmy was raped and murdered at age 9 is meant to protect Floridians from sex offenders by keeping the most dangerous locked up after they finish their prison sentences. But an eight-month Sun Sentinel investigation into the law named in Jimmy’s memory has uncovered shocking failures. Florida’s safeguards have broken down at every stage, setting hundreds of rapists and child molesters free to harm again."
Taken | The New Yorker
"The basic principle behind ...
“An investigation that began three years ago has found that at least half of Florida’s community banks failed because their leaders were greedy, arrogant, incompetent or sometimes corrupt. The (Sarasota Herald-Tribune) obtained previously confidential state records that show how failed bankers broke the law, manipulated financial documents and gorged themselves on insider deals. These bank records had never before been collected by an American newspaper.”
Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees in this ProPublica report.
Hundreds of charities now operate, not to help the needy, but to turn donations made to paralyzed veterans, dying children and cancer victims into profit for private fundraising companies. An investigation by The Center for Investigative Reporting, CNN and the Tampa Bay Times revales that the top 50 worst charities collected more than $1 billion used for corporate fundraisers.