Thursday, January 10, 2008

Is Nonprofit More Ethical

OK, the title may be misleading. But, the reality is that some nonprofit [financial] executives do commit fraud, just like their counterpart.

First, Roy Victor, a former financial executive of the Valhalla, a N.Y.-based Institute for Cancer Prevention submitted request for non-grant related expenses for reimbursement of Department of health and Human Services grant. (see One-Time Nonprofit CFO Admits Lying to Feds)

Then, a former finance manager of Helsinki Federation for Human Rights committed fraud and shut down the Federation. The accountant diverted funds to serve his girlfriend's gambling appetite, her nose and her breast. (see Nonprofit Destroyed by Accountant's Love Life)

It's just too human, nonprofit workers included, to rationalize one's personal need.

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