Glen Albanese was arrested after federal authorities conducted an investigation that indicated the funds that he had raised for relief efforts for Hurricane Katrina victims had been used to purchase landscaping for his home,acquire a Labradoodle pedigree dog,and buy tickets to DisneyWorld and Six Flags.Mr.Albanese had raised funds for his charity by advertising that the funds raised would be used to rebuild homes and provide scholarships for the children of victims.Instead,he met individuals who sold him the dog and furnished the landscaping in odd locations and paid them in cash in envelopes.Which of the following crimes would be applicable for the federal authorities to charge?

Question

Quizplus · Accepted Answer

Glen Albanese's actions constitute criminal fraud because he misrepresented the purpose of the funds to the donors, and embezzlement because he misappropriated those funds for personal use. SOX (Sarbanes-Oxley Act) primarily deals with fraudulent accounting practices in publicly traded companies, which does not directly apply to this scenario.

Glen Albanese Was Arrested After Federal Authorities Conducted an Investigation