'honest-services fraud' redresses the deprivation of an intangible right to another's honest services.
"In 1988, Congress criminalized "a scheme or artifice to deprive another of the intangible right of honest services" under the mail- and wire-fraud statutes. Conviction carries a maximum sentence of 20 years." ... "In the public sector, cases typically involve bribery or some other personal gain by a public official, such as a failure to disclose a conflict of interest that benefited the official." ... "Prosecutors use the honest-services charge against private-sector individuals, too, such as corporate executives, usually in cases involving kickbacks or circumstances where the executives have cheated a company. Unlike garden-variety criminal fraud, which requires that a victim was bilked out of tangible property, such as money, honest-services fraud redresses the deprivation of an intangible right to another's honest services." -Wall Street Journal --- In FairfieldLife@yahoogroups.com, "boo_lives" <boo_li...@...> wrote: > > I noticed that guidestar.org had the 06 tax filing for Maharishi > global development fund, which the latest available. MGDF is one of > innumerable tmo orgs in the US, but appears to be the most significant > financially. It's interesting to me primarily because of how much > money it's been transferring to offshore accts the past decade via > "grants". In 06 it transferred about $38 million offshore, continuing > the trend. > > I also noticed though that it gave almost $12 million to Maharishi > Vedic Education Development Corp, located on MUM campus, whose purpose > is to teach TM according to the filing. I was curious about this org. > so I looked up its filing. Actually this seems to be a pretty big > org, taking in over $23 million in grants and revenues in that same > year it got the big grant from MGDF. It's difficult to know exactly > how it spent that money, but it does itemize: over $9 million in > salaries and wages though not listed by individual, $3m for > "occupancy" which I guess means rent but that seems extraordinarily > high for such an org., $2.3m in PR, $900,000 for conferences, $600,000 > for travel, $360,000 for bookkeeping, $415,000 for telephone, and > various other stuff. IT also gives some grants to other tmo orgs. > > I thought the $9 million in salaries/wages might include wages to > laborers for building the world peace centers, but the balance sheet > doesn't list anything like that, so it's not going into hard assets > like real estate. > > Bevan is president, feldman treasurer, though norin isquith appears to > do the books. > > Would love to know who's getting the big salary dollars. > o
