The St. Petersburg Times details the rise and disappearance of “Bobby Thompson” and his fraudulent “U. S. Navy Vets”
charity scam. A nugget:
Associated Community Services, which uses 1,000 cold-calling telemarketers, raised millions for the Navy Veterans and kept millions more for itself. Of each dollar donated, ACS kept 60 cents, and a related company that collected donation checks and prepared them for bank deposit got 25 cents. The Navy Veterans got 15 cents.
The telemarketer’s fundraising contract, filed with several states, was signed on behalf of the Navy Veterans by its CEO, Capt. Jack Nimitz, and by the national secretary, Brian Reagan.
Neither man is real, nor is there evidence that any of the dozens of officers whose names are on other Navy Veterans documents exist, according to Ohio Attorney General Richard Cordray.
One of the disturbing conclusions of the article is that there is almost no regulatory oversight of “non-profit” organizations, because there’s no potential revenue in policing fraudulent non-profits and existing investigators already have too much to investigate.
No money except for the political contributions.