When Funds Go Missing, What Can You Do? What Must You Do? - NPQ - Nonprofit Quarterly

When Funds Go Missing, What Can You Do? What Must You Do? - NPQ - Nonprofit Quarterly: One of the most difficult situations I’ve encountered while counseling nonprofit boards over the years is when they have discovered that the organization’s funds have been embezzled, most commonly by an insider. Two real-life situations are particularly noteworthy. In the first instance, the executive director stole more than a million dollars; in the second case, a former executive director and board member conspired to steal $4,000,000 from the organization. In each instance, the other board members approached me