November 9, 2011
Sole Control of Finances Led to Alleged Theft
The Pennsylvania Attorney General has been busy in recent days. One news release deals with a lack of financial controls in a nonprofit and charges of theft for money allegedly stolen from the nonprofit. Frank Bongivengo and his wife managed the New Caste Youth Football Program and "had sole control of the organization's finances." The Attorney General investigated suspicions involving the finances and after reviewing records turned the case over to the State Police. Criminal charges have been filed against the Bongivengos. As noted in the University of Illinois post, oversight and checks and balances are important.
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