Broker Newswire
  • Home
  • Latest News
  • Investing
    • Acquisitions
    • Broker Related
    • Online Trading
    • Cryptocurrencies
    • Stocks
  • Markets
    • Earnings
    • OTC Markets
    • Penny Stocks
  • Personal Finance
    • Saving money
    • Retirement
  • Economy
  • Tech
    • Enterprise
    • Internet
SUBSCRIBE
No Result
View All Result
  • Home
  • Latest News
  • Investing
    • Acquisitions
    • Broker Related
    • Online Trading
    • Cryptocurrencies
    • Stocks
  • Markets
    • Earnings
    • OTC Markets
    • Penny Stocks
  • Personal Finance
    • Saving money
    • Retirement
  • Economy
  • Tech
    • Enterprise
    • Internet
No Result
View All Result
Broker Newswire
No Result
View All Result
Home Latest News General

Former President Of National Vietnam Veterans Foundation Sentenced To Prison For Embezzlement

by Jay Helton
October 6, 2017
2 min read
0
justice scales

Scales of Justice CreativeCommons

Share on FacebookShare on Twitter

On Thursday, October 5, 2017, it was announced that the former president of the National Vietnam Veterans Foundation had been sentenced to prison for embezzling at least $149,317. 75-year-old John Thomas Burch of Alexandria, Virginia was sentenced to five months incarceration and five months of home detention. Burch previously pled guilty to wire fraud in June of 2017.

After he has served his sentence, Burch will serve two years of supervised release. He has also been ordered to pay $75,000 in a forfeiture money judgment. Statements made as a part of the plea confirm that Burch served as the president of the National Vietnam Veterans Foundation Inc. The nonprofit organization was incorporated in Washington, D.C. until 2016. It has since been disbanded.

The charity solicited donations from the public while promising to provide help and support to American veterans and their families. The charity utilized some of the donations to fulfill the company’s purported mission, but Burch misappropriated portions of the donations to pay for food and lodging with no business purpose. He also made frequent payments to women that were personal acquaintances of his.

RELATED STORIES

Volkswagen must pay damages

Volkswagen must pay damages to buyers of manipulated diesel cars

May 25, 2020
Future Cloud Banking and Fintech

Future Cloud Predictions for Banking and Fintech Sector

April 23, 2020

The defendant had unilateral control over the charity’s “Emergency Assistance Program”. It accounted for tens of thousands of dollars of NVVF’s operating expenses during the 2012 and 2016 years. Burch claimed that it was a discretionary program that he ran as president. However, there was no actual oversight of Burch’s spending in the distribution of smaller grants. Burch often gave money to women who were engaged in a personal relationship with him.

The defendant also submitted expense reports claiming reimbursement for business expenses. In reality, the money was spent on personal visits to clubs, hotels and restaurants in Baltimore, Maryland. The government’s evidence suggests that Burch spent at least $149,317 of the charity’s money on personal expenses between 2012 and 2016. Again, the defendant has been sentenced to five months of incarceration and five months of home detention.

Tags: alexandriajohn thomas burchnational vietnam veterans foundationvirginia
Create your Web Presence with Namecheap

Recent Posts

  • Bitcoin and crypto spending is allowed by PayPal Now
  • The event in the live stream: Apple releases 5G-capable iPhone – Business
  • Volkswagen thriller: An unpopular supplier, audio recordings and a dead man
  • Tencent and WeChat also affected: Why Trump’s TikTok ban could harm Silicon Valley
  • Hacker attack on Twitter: “Group of young people” is supposed to be behind the attack on the social media platform

Category

  • Acquisitions
  • Broker Related
  • Earnings Reports
  • Economy
  • Enterprise
  • General
  • Internet
  • Investing
  • IPO News
  • Latest News
  • Layoffs
  • Markets
  • Online Trading
  • Opinion
  • OTC Markets
  • Penny Stocks
  • Personal Finance
  • Retirement
  • Saving money
  • Stocks
  • Technology

About Us

Broker Newswire (BN) is an exciting new online publication, which targets finances, brokers, mortgage and markets. BN, which is the nation’s leading provider of real estate, finance and market news and analysis.

  • About
  • Advertise
  • Privacy & Policy
  • Feedback

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Latest News
  • Investing
    • Acquisitions
    • Broker Related
    • Cryptocurrencies
    • Online Trading
    • Stocks
  • Markets
    • Earnings Reports
    • OTC Markets
    • Penny Stocks
  • Personal Finance
    • Retirement
    • Saving money
  • Economy
  • Tech
    • Enterprise
    • Internet
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.