In a "too good to be true" story from yesterday's Hartford Courant, John Crooks, no, I did not make this up, was indicted with complaints from the Norwich (CT) Little League and a nonprofit Bingo that Mr. Crooks embezzled funds.
In the most "wow" category, Mr. Crooks is alleged to have stolen $15,000 from the Little League. Wow, that's a lot of money from a Little League I say! Just exactly how does someone steal that much money without the money being missed from such a small-budget organization (well, I guess it was eventually missed).
Clearly policies and procedures and not-so-good checks and balances are the only clear explanation. And then there's the governance standard for duty-of-care: do for your nonprofit what you would do as though it were your own business. Board members is this how you would run your own business?
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Little League and Bingo: Embezzlement Hits -- where's the check and balances
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Re: Little League and Bingo: Embezzlement Hits -- where's the check and balances
by
Online Bingo
on Tue 01 Jul 2008 10:56 PM EDT | Permanent Link
Thanks for the information. $15,000 is indeed an big amount. He must start explaining now.
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