Acorn chose to treat the embezzlement of nearly $1 million eight years ago as an internal matter and did not even notify its board. After Points of Light noticed financial irregularities in early June, it took less than a month for management to alert federal prosecutors, although group officials say they have no clear idea yet what the financial impact may be.

A whistle-blower forced Acorn to disclose the embezzlement, which involved the brother of the organization’s founder, Wade Rathke.

The brother, Dale Rathke, embezzled nearly $1 million from Acorn and affiliated charitable organizations in 1999 and 2000, Acorn officials said, but a small group of executives decided to keep the information from almost all of the group’s board members and not to alert law enforcement.

Perhaps there are some lawyers here who could chime in but….I thought something such as this, a 501(c)3 organization and embezzlement, REQUIRED reporting to the proper authorities when discovered.

I understood that things like this opened the board members to individual liability…for funds it obtained. They have an obligation to ensure the funds are used appropriately. Seems they are getting far too much money to be tax exempt if they cannot keep track of a cool mil +.

Sheesh. At what point will the IRS pull their exempt status?

At what point will some federal prosecutor (federal funds involved) impanel a Grand Jury and start digging into this mess?

Where the hell is the GOP?