Turns out Rathke didn’t embezzle just $1 million from ACORN, instead it was $5 million!

No wonder ACORN still wouldn’t open up the books. According to NOLA, an internal review by the board of directors of ACORN determined that the amount allegedly embezzled from the community organization was $5 million, not $1 million which was originally reported months ago, according to a new subpoena in an investigation by Louisiana Attorney General Buddy Caldwell. On Tuesday, Oct 6th, Caldwell has served ACORN 2nd Subpoena.
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The subpoena, released this afternoon, says, “It is still unclear if some of the monies embezzled are from state, federal or private funds.”

ACORN Chief Executive Officer Bertha Lewis said the new accusation about the embezzlement is “completely false.” She said she would comment further after she and ACORN attorneys have a chance to review the subpoena.

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.


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October 5, 2009 · Filed Under Acorn

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