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There has got to be a deeper part of hell for people who steal from charities for any reason, but especially to fund a high-end lifestyle. They will reside, hopefully, next to the people who sell watered-downed cancer drugs to make money.
Another amazing example is Bernie Madoff. His documentation was both light and fraudulent in an industry which has heavy documentation requirements and multiple regulators looking at it all the time. And he stole (estimated) - to mimic you: Nine. Billion. Dollars.
How Madoff got away with it was reputation (he had been a big name at, I think the NASDAQ) and the regulators just couldn't accept that he was corrupt (even though Barron's, a well-respected industry periodical, published a piece averring that he was running a Ponzi scheme years before he was caught) and he used a small, no-name accounting firm (that he basically controlled).
That said, several firms had protected their clients from Madoff because Madoff's firm failed those firms' due diligence process - an example of documentation working. It's a balance and, clearly, your town's Community Chest President and Madoff found the low / no document interstices (those people always will).
Edit add: I kid you not, after posting the above, I just saw this headline:
Federal regulators accused four cancer charities Tuesday of spending more than $187 million in donations not to help patients, but on cars, luxury cruises and trips, jet ski outings, sport and concert tickets, dating site memberships and college tuition for family and friends.
Charities are ntorious for being corrupt fromt he very beginning. Out here in the 1840s we had people who "came to do go and did very well." Crooked charities are nothing new and they will always be with us.
I give directly and cut out the crooked middleman----including the government. :doh: