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Wednesday, March 14, 2012

Nonprofit CFO Accused Of Embezzlement

A top executive of a Bronx, N.Y.-based nonprofit was indicted by the state Attorney General's Office for allegedly stealing thousands of dollars from the organization.

The New York Post reported today that Clement Gardner, who was the chief financial officer (CFO) of the Christian Community Benevolent Association (CCBA), allegedly embezzled at least $75,000 dollars in funds. The indictment alleges that Gardner wrote the checks to himself from 2004 to 2007, writing false memo lines to cover himself. State Attorney General Eric Schneiderman announced yesterday that his office launched the corruption probe after getting a referral from the FBI.

The indictment of Gardner is the first result from an ongoing probe of nonprofits with ties to state lawmakers. CCBA was previously run by Bronx state Sen. Ruben Diaz Sr., who steered $500,000 in state grants to the nonprofit.

Gardner is currently being held without bail as he awaits a hearing. He has claimed he wrote the checks because he was not being paid for the work he was doing for CCBA. You can read the full story in The New York Post.

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