Newsday: “IRS, FBI probe of Mount Vernon Mayor Ernie Davis involves nonprofits, businesses, sources say”

. . . “The way the nonprofit system is set up these funds are ripe for fraud and self-dealing,” said Rebecca Tekula, an economist and executive director of Pace University’s Wilson Center for Social Entrepreneurship, which follows trends in the nonprofit industry. “Nobody is usually watching the cookie jar until all the cookies are gone.” Left: Mount Vernon Mayor Ernie Davis speaks during an interview in his office at City Hall.

. . . “The way the nonprofit system is set up these funds are ripe for fraud and self-dealing,” said Rebecca Tekula, an economist and executive director of Pace University’s Wilson Center for Social Entrepreneurship, which follows trends in the nonprofit industry. “Nobody is usually watching the cookie jar until all the cookies are gone.”

Read the article by Newsday.

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