Tuesday, October 06, 2009

BREAKING: La. Att'ny General Says ACORN embezzled $5M

This could be big.

Louisiana's attorney general has broadened the scope of an investigation of ACORN to include a possible embezzlement of $5 million a decade ago within the community organization, five times more than previously reported.{...}

"Current high-ranking members of ACORN have publicly acknowledged that embezzlement did in fact occur, but the exact amount of the embezzlement was unknown until it was recently acknowledged in a board of directors meeting on Oct. 17, 2008, by Bertha Lewis and Liz Wolf that an internal review had determined that the amount embezzled was $5 million, " the new subpoena says.

The subpoena says, "It is still unclear if some of the monies embezzled are from state, federal or private funds."

The subpoena requests documents from Citizens Consulting Inc., a financial arm of ACORN, and from various accounting and legal consultants in New Orleans.

The original amount the Rathkes embezzled was only thought to be a paltry $1 million.And you can absolutely bet that it was from public monies, since that's ACORN's primary source of funding.

Stay tuned...

hat tip to Big Government