An internal review by the board of directors of the community organization ACORN determined that the amount allegedly embezzled from the community organization was $5 million, well more than the previously reported amount of nearly $1 million, according to a new subpoena in an investigation by Louisiana Attorney General Buddy Caldwell.
The subpoena, released this afternoon, says, “It is still unclear if some of the monies embezzled are from state, federal or private funds.”
Just a little accounting error?? Remember, we already know that the $1million embezzlement was stolen from employee pension funds. Also, I’m not sure why they keep reporting that the money was paid back. According to all the documents I’ve read, at least $200,000 of this money was written off as a gift.
“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.
As knowledged by Bertha Lewis??? I’m trying to track down the actual subpoena, I will post as soon as I find this info.