Acorn chose to treat the embezzlement of nearly $1 million eight years ago as an internal matter and did not even notify its board. After Points of Light noticed financial irregularities in early June, it took less than a month for management to alert federal prosecutors, although group officials say they have no clear idea yet what the financial impact may be.

The paper misses that Acorn was also a former client of Obama and that Obama helped train Acorn staffers.  And while the paper identifies Acorn as an “antipoverty†group, it is also frequently involved in scandal-ridden voter registration drives.  Both Obama and Acorn joined briefs urging the Supreme Court to overturn Indiana’s voter ID law.  Acorn’s national political arm has endorsed Obama, even as its â€ÂÂnon-partisan†wing gears up for another round of regstration drives.

• AHC has worked to obtain mortgages for illegal aliens
• AHC relies on undocumented income, “under the table†money that may not be reported to the Internal Revenue Service
• ACORN’s “financial justice†operations attack lenders for “exotic†loans, but AHC has recommended ten-year interest-only loans (which deny equity to the buyer) and reverse mortgages (which can be detrimental to senior citizens)
• AHC may have violated federal law by failing to maintain a proper distinction between its tax-exempt housing work and the aggressive political activities of ACORN