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Posted: Tuesday, 06 October 2009 6:20AM

Caldwell: ACORN embezzlement was $5M



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 says, ``It is still unclear if some of the monies embezzled are from state, federal or private funds,'' according to The (New Orleans) Times-Picayune.

ACORN Chief Executive Officer Bertha Lewis says the new embezzlement allegation is ``completely false.''

   

  04:10am CDT, 09/06/10
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