- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Non-profit CFO spends $84,000 in federal money on vehicles and entertainment
Posted on 9/22/17 at 5:12 am
Posted on 9/22/17 at 5:12 am
Including XM Radio, cell phones, season tickets to the Saints, season tickets to the Hornets, season tickets to the Pelicans....
Are we not supposed to do that?
quote:
New Orleans man admits spending $84,000 in federal money on items like cruise expenses
LINK
Cruise expenses, satellite radio and luxury vehicle repairs were among items a chief financial officer of a New Orleans nonprofit illegally paid for with federal funds, the man admitted in court Wednesday.
Rickey Roberson, who with his family operated the nonprofit Alternatives Living Inc., pleaded guilty to one count of theft of federal grant funds. He admitted in federal court that he owes more than $84,000 in restitution, according to the U.S. Attorney's Office for the Eastern District of Louisiana.
quote:
Among the expenses listed in a court document that Roberson spent federal money on were "cellphone charges for his son, repairs to his personal vehicles, tuition expenses for his son, Hornets/Pelicans season tickets, Saints season tickets, show tickets, cruise incidentals, medical bills for his daughter and his pet dog, as well as XM radio."
Are we not supposed to do that?
This post was edited on 9/22/17 at 5:21 am
8
Posted on 9/22/17 at 5:24 am to member12
He was just "helping people".
No different than 100% of the members of our local, state, and federal government.
All of them would cheat if they had the power. (Sorry 99.99% would cheat)
No different than 100% of the members of our local, state, and federal government.
All of them would cheat if they had the power. (Sorry 99.99% would cheat)
Posted on 9/22/17 at 5:35 am to member12
Let's see what happens in a couple of months.
quote:
Roberson is scheduled to be sentenced Dec. 20. He faces as much as 10 years in prison, a maximum fine of $250,000, along with a special assessment of $100. He will owe restitution of more than $84,000 to the U.S. Department of Housing and Urban Development, according to the U.S. Attorney's Office.
Posted on 9/22/17 at 5:38 am to SECdragonmaster
A lot of these taxpayer funded nonprofits seem to be hotbeds of corruption.
This post was edited on 9/22/17 at 5:38 am
Posted on 9/22/17 at 6:02 am to member12
Scum bag.
Posted on 9/22/17 at 6:25 am to member12
Who gets the tickets when he's locked up?
Posted on 9/22/17 at 6:28 am to goofball
His wife and mother in law are scum bags too. They are being tried separately. The wife this Monday and the mother in law April of next year. Starts in the home.
Posted on 9/22/17 at 6:57 am to member12
Many people think a nonprofit is "supposed" to not make money, be engaged in some sort of charitable work, etc. None of that is true legally speaking.
A nonprofit is simply a company that can't sell shares of stock. It can make as much money as it can, overpay their CEO, etc. just like a for-profit corporation, but they can't ever pay out a share of profit to a shareholder.
Since they can't ever sell equity they have to raise money through fundraising, grants, etc. instead. And these revenue sources usually come with restrictions. That's probably why the CFO is in trouble - he violated the restrictions that came with the grant.
The fact that it's a nonprofit is not relevant. Nonprofits can and do make huge money, that is perfectly normal.
A nonprofit is simply a company that can't sell shares of stock. It can make as much money as it can, overpay their CEO, etc. just like a for-profit corporation, but they can't ever pay out a share of profit to a shareholder.
Since they can't ever sell equity they have to raise money through fundraising, grants, etc. instead. And these revenue sources usually come with restrictions. That's probably why the CFO is in trouble - he violated the restrictions that came with the grant.
The fact that it's a nonprofit is not relevant. Nonprofits can and do make huge money, that is perfectly normal.
Posted on 9/22/17 at 7:52 am to foshizzle
Correct. There is a difference between a non profit and a charity
Posted on 9/22/17 at 8:24 am to member12
There are probably hundreds of these black run non-profits in BR and New Orleans that are simply fronts for criminal activities.
Posted on 9/22/17 at 8:27 am to foshizzle
so if this dude used collected donations opposed to grant money, would this have ever come out? Seems nothing shadier than a NPO or foundation these days....
Posted on 9/22/17 at 8:29 am to member12
Posted on 9/22/17 at 8:31 am to HoustonGumbeauxGuy
Why wouldn't they? They're just going step by step through the Dollar Bill Jefferson/Morial playbook of how to rip people off through fake arse non-profits.
The savvier welfare citizens learn to really make money you gotta get dem grants ya heard.
The savvier welfare citizens learn to really make money you gotta get dem grants ya heard.
Posted on 9/22/17 at 8:39 am to foshizzle
We really need to crack down on these nonprofits - especially those that are entirely dependent on tax dollars.
Posted on 9/22/17 at 8:41 am to member12
quote:
vehicles and entertainment
I bet he wasted the rest.
Posted on 9/22/17 at 8:55 am to LSUTIGER in TEXAS
Worked for a sub-prime mortgage company back in the early-to-mid 2000's that was founded by two guys: one that had a sales focus and one that had a marketing focus.
They absolutely KILLED IT. The sales guy essentially ran the company with a VP day-to-day. The marketing guy figured out how to make the phones ring at his previous stop they worked at together and brought along the secret sauce to our company.
Marketing guy hired some underlings to run his side of the house day-to-day and then checked out. Had all of his end donated to a "Non-Profit," he ran. Dude was a genius. So far ahead of the curve. Essentially washed all of his money whiter than snow and paid hardly any taxes. They made vast sums of money and eventually sold out towards the end of the decade to a well-known banking entity that has since made a name nationally and has an NFL Stadium named after them.
They absolutely KILLED IT. The sales guy essentially ran the company with a VP day-to-day. The marketing guy figured out how to make the phones ring at his previous stop they worked at together and brought along the secret sauce to our company.
Marketing guy hired some underlings to run his side of the house day-to-day and then checked out. Had all of his end donated to a "Non-Profit," he ran. Dude was a genius. So far ahead of the curve. Essentially washed all of his money whiter than snow and paid hardly any taxes. They made vast sums of money and eventually sold out towards the end of the decade to a well-known banking entity that has since made a name nationally and has an NFL Stadium named after them.
Posted on 9/22/17 at 8:58 am to Daponch
quote:Could get the D
His wife
Posted on 9/22/17 at 9:24 am to HoustonGumbeauxGuy
quote:
Same story, different content.
quote:
Lynch says the abuse starts with this New Orleans nonprofit's failure to pay $800,000 in payroll taxes for its employees. Records show the IRS says they're owed an additional $500,000 in penalties and interest.
And while they've owed that $1.3 million to the taxman, Alternatives Living's officers have spent tens of thousands of dollars on pricey meals, cars and trips, all out of the nonprofit's bank account.
“I think they're living high on the hog on taxpayer money,” Lynch says
Taxpayers actually fund this nonprofit. Alternatives Living operates out of an office on Magnolia Street in uptown New Orleans. They receive grants from the federal government. In 2012, those grants totaled $2,824,726. Their mission is to take care of the disabled and homeless.
WOW.
These non profits are corrupt as frick.
Posted on 9/22/17 at 9:25 am to LSUTIGER in TEXAS
quote:
so if this dude used collected donations opposed to grant money, would this have ever come out?
Probably not, unless the donation had a legal restriction attached to it and he was audited. Grants often are audited, in fact anyone receiving a federal grant over $500k is subject to a specific kind of audit.
This is one reason why I never recommend anyone hand over cash to some random person doing fundraising on the street for his church or whatnot. There is absolutely nothing preventing them from taking the cash (tax-free, btw) and buying an Xbox with it. There are certainly charities out there that would never do such a thing, but they aren't randoms.
Posted on 9/22/17 at 9:31 am to Homesick Tiger
quote:
maximum fine of $250,000, along with a special assessment of $100. He will owe restitution of more than $84,000
I really hope they don't charge him that special assessment. That'll just crush him!
(Seems like an oddly low charge considering the rest.)
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News