Louisiana AG – Wade Rathke Embezzled $5 Million

October 5, 2009

Keeping up with Wade Rathke and the ACORN scandals is hard work.

From NOLA.COM:
An internal review by the board of directors of the community organization ACORN determined that the amount allegedly embezzled from the community organization was $5 million, well more than the previously reported amount of nearly $1 million, according to a new subpoena in an investigation by Louisiana Attorney General Buddy Caldwell.
The subpoena, released this afternoon, says, “It is still unclear if some of the monies embezzled are from state, federal or private funds.”
Caldwell issued subpoenas in August seeking documents related to Acorn International then-President Wade Rathke and his brother Dale Rathke, who kept the group’s books. Those subpoenas were focused on possible Acorn violations of state employee tax law, obstructing justice and violating the Employee Retirement Security Act.
Whole blockbuster story here.

You know what they say about the company you keep…