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gambling addict? low on funds? steal from a charity

February 11, 2008 by Cash 

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One of my favorite gambling themed movies is “Owning Mahoney”.  Based on a true story, the film features the always brilliant Philip Seymour Hoffman playing a bank manager who embezzles over $10 million to fund his gambling addiction.  Apparently, bank managers arn’t the only ones with sticky fingers whose pilfered cash ends up on casino tables.

 

According to a recent study, many employees of charitable organizations are stealing to finance their own gambling problems.

Charities are having millions of dollars stolen from them each year by their own staff to fund gambling addictions, according to a new study.

Research carried out by BDO Kendalls has revealed that 53 per cent of the money stolen in the sector was to fund gambling.

People working in the not-for-profit sector each stole an average of $180,643 to fund their gambling problem significantly higher than any other reason.

Makes you want to run right out and donate, eh?

Read more here

Comments

One Response to “gambling addict? low on funds? steal from a charity”

  1. Greg on February 13th, 2008 11:28 am

    Why steal the money to gamble? Steal it and spend it on vacation!

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