Christian charity boss admits to embezzling $475,000 in donations to pay for his sex addiction

[KansDem]

What’s the best way to fund your sex addiction in a way that no one will suspect? There aren’t a lot of better ways than setting up a Christian charity and embezzling the money. The Associated Press, via The News & Observer, reports that Cedar Rapids, Iowa resident Jon S. Petersen has pleaded guilty to moving $475,000 worth of donations from his Christian nonprofit organization to his personal account to pay for his apparently expensive sex habits.

The 55-year-old Petersen is the president and co-founder of World Ambassadors, Ltd., a group that specializes in offering Christian outreach to international students on college campuses. The AP says that the key piece of evidence against him revolved around “his personal 2013 tax filing, when he failed to report $114,000 diverted from the group as taxable income.

Unfortunately, the prosecutors in the case didn’t go into any detail about just what Petersen bought with the $475,000 he swiped from his own charity, so it will have to be left up to the imagination for the time being. But there’s no doubt that Petersen’s sex addiction was a very expensive habit as prosecutors say he not only used embezzled charity funds to pay for it, but also credit card debt and home equity lines of credit.

Raw Story

$475,000!!! Why not a $6 Playboy or Penthouse? It'll be a helluva lot cheaper!

[Eleanors38]

1. "Petersen," you say?

[Orrex]

2. .

[libdem4life]

3. You went there.

[struggle4progress]

4. Director of Cedar Rapids nonprofit skimmed donations

Trish Mehaffey
The Gazette
May 17, 2016 at 5:31 pm

... Jon S. Petersen, 55, pleaded guilty to one count of filing a false 2013 tax return in U.S. District Court. He faces up to three years in prison, a $250,000 fine and restitution, which will be determined at sentencing.

During the plea hearing, Petersen admitted to filing a fraudulent income tax return for 2013. He didn’t include as income the donations he diverted from World Ambassadors Ltd. into his personal checking account.

World Ambassadors is a charity organization that provides international students with housing. The nonprofit was created in 1993, according to the Iowa Secretary of State website.

The plea agreement shows Petersen admitted he used about $114,581 of those funds for his own personal use, which would be considered taxable income for him ...

http://www.thegazette.com/subject/news/public-safety/director-of-cedar-rapids-nonprofit-skimmed-donations-to-support-sex-addiction-20160517

[Eleanors38]

8. But the Sultan of Spew must be recompensed!

[Iggo]

5. Sex addiction, my ass.

No. Really.

[Vogon_Glory]

6. A Vogon Poem

"If they succumb to the lure of Venus, / they'll blame it all on Bill Clinton's #####."

[Initech]

7. Won't somebody please think of the children????

[NV Whino]

9. Playboy isn't doing nudes any more.