More ACORN Hypocrisy — Wade Rathke Railed Against ‘Interlocking Directorates’ in 1980 but Then Used Them to Build His Corrupt Empire
While researching an article for the American Spectator, I discovered a stunning bit of hypocrisy in ACORN’s past.
Disgraced founder Wade Rathke, who was fired by ACORN’s board earlier this year after it was revealed he had been covering up his brother’s $1 million-plus embezzlement for eight years, previously condemned corporate “interlocking directorates,” that is, the practice of individuals serve on multiple corporate boards.
Essentially, Wade Rathke was for interlocking directorates for he was against them. Interlocking directorates are ethically suspect and allow for one –in this case nonprofit– corporation to control an entire network of entities. This exactly describes ACORN which is long overdue for a federal racketeering probe.
Check out my American Spectator article, “ACORN’s Tangled Money Tree,” which contains some new information not included in my profiles of ACORN available in the November issues of Foundation Watch and Labor Watch. (Jeremy Lott is co-author of the Labor Watch piece.)
Rest assured ACORN is going to spawn many, many more articles.