Thursday, September 27, 2012

Hunger-Charity Chief Accused of $550,000 Embezzlement ...

The founder of a national antihunger organization has been charged with bilking the charity of more than half a million dollars and is expected to plead guilty in the coming days, according to The Courier-Journal of Louisville, Ky.

Prosecutors allege Hugh Vanderbilt ?Stan? Curtis stole $183,354 directly from Louisville-based USA Harvest, cashing donor checks or depositing them in his own bank account, and charged the organization for more than $370,000 in personal expenses.

The 63-year-old stockbroker founded USA Harvest in 1989 and has received numerous national honors for philanthropy, including a President?s Volunteer Action Award presented in 1987 by President Clinton. The charity collects leftover items from restaurants, hotels, and stores to feed the hungry and says it has distributed more than 457 billion pounds of food.

Mr. Curtis faces federal charges of mail fraud, money laundering, and filing false tax returns. His lawyer, Scott C. Cox, said, ?I expect the case to be resolved quickly with the government.?

Source: http://philanthropy.com/blogs/philanthropytoday/hunger-charity-chief-accused-of-550000-embezzlement/54540

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