Thursday, December 16, 2010

CPAC host hit with scandal

The non-profit organization responsible for the largest annual conservative gathering in the U.S. is under investigation for embezzlement of hundreds of thousands of dollars in donor money over several years, WND has learned. The American Conservative Union, headed by David Keene and best known for its organization of the Conservative Political Action Conference each year in the nation's capital, has been embroiled in controversies in recent years, but this one is shaking the foundations of the Washington institution. The American Conservative Union reported to the Internal Revenue Service last month a "material diversion of the organization's assets" totaling over $400,000. The group has an annual operating budget of about $1.5 million. While directors have been tight-lipped about the details, sources say Keene's ex-wife, Diana, was fired earlier this year as bookkeeper when the misappropriations were discovered. On its 2009 tax return, signed Nov. 8, 2010, by Executive Vice President Dennis E. Whitfield, the American Conservative Union disclosed the apparent embezzlement...more

No comments:

Post a Comment