Sunday, September 13, 2009

NaFFAA's $50K Deal with Philippine Firm Raises Questions About Money Laundering

SAN DIEGO - For $50,000, a regional chapter of the National Federation of Filipino American Associations (NaFFAA) has contracted a marketing deal with a Philippine communications firm which might have violated laws against money laundering and compromised the organization's non-profit status.
 
The venture with SMART Communications -- apparently unrecorded in NaFFAA's national office and probably unknown to the company's headquarters in Manila -- is the latest to surface in the past five weeks of intense media scrutiny following allegations of wrongdoing and financial improprieties in NaFFAA.

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