$82,000 of $100,000 missing

ACORN Money Missing in Missouri?

By Matthew Vadum ——Bio and Archives--June 29, 2009

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Blogger Nancy Armstrong (MsPlacedDemocrat.com) reports that St. Louis, Missouri, gave a $100,000 grant to ACORN and that $82,000 of it is unaccounted for.

The money was given to ACORN for loan modifications, that is, to help struggling homeowners refinance their mortgages. ACORN reportedly charges $750 for each loan modified and says it has completed 24 of them, which means it is entitled to $18,000 from the grant. Read more about it on Armstrong’s blog here. Armstrong and I discussed the matter with G. Gordon Liddy on his show earlier today. (podcast here)

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Matthew Vadum——Bio and Archives

Matthew Vadum, matthewvadum.blogspot.com, is an investigative reporter.

His new book Subversion Inc. can be bought at Amazon.com (US), Amazon.ca (Canada)

Visit the Subversion Inc. Facebook page. Follow me on Twitter.

$82,000 of $100,000 missing

ACORN Money Missing in Missouri?

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