$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)

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