Fundraiser stole $360,000 from Catholic school
CWN - June 28, 2011
The president of KAM Fundraising, Inc., has pleaded guilty to stealing over $360,000 from a Massachusetts Catholic school that had hired him to assist in raising funds for a capital campaign.
The fundraiser--Michael Hlady, 37--had told the administration of the Venerini Academy that a man wished to contribute over $3 million to the school. In telephone conversations with the administration, Hlady pretended to be the non-existent potential donor. On basis of these conversations, the school hired a contractor that completed nearly $3 million of work.
Hlady was sentenced to two years in prison and must make restitution.
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