Yep, he's still in jail
Thanks to the research assistance of a quick-witted old friend, Don't Tell the Donor has learned that John G. Bennett Jr. is still in prison serving a 12 year sentence for bank fraud, mail fraud, wire fraud, false statements, filing false tax returns, money laundering and money laundering to promote unlawful activity.
The Federal Bureau of Prisons website shows that inmate number 50156-066 is projected to be released on March 5th, 2008. So lock up your endowments fellow fundraisers, in less than a month he's going to be released from Federal Correctional Institution in Fort Dix, New Jersey.
To read more about "the six-year long Ponzi-turned-pyramid scam defrauded roughly 150 charities out of more than $100 million," go here.
Be sure to vote in our reader poll - should Bennett have been sentenced to more than 144 months in prison?
7 comments:
You didn't have my choice: Let him out, because it's costing about $30,000 a year to keep him there, but tattoo a scarlet F on his forehead so we're all warned.
A permanent tattoo on his forehead is a bit harsh... maybe just a court mandated t-shirt that says "Watch out, I'll steal from your donors."
A permanent tattoo on his forehead is a bit harsh... maybe just a court mandated t-shirt that says "Watch out, I'll steal from your donors."
give him hell 'fundraiser' - that guy almost destroyed hundreds of charities!
Technically, he wasn't in "jail," he was in prison. And, again techically, he's out of prison.
According to the Nonprofit Times, he's scheduled to be released from prison next month...he's been in a halfway house since March.
His picture should be on the wall of development directors all over the country.
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