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Sarah Webber, Associate Professor of Accounting, University of Dayton

Nonprofit fraud: Amid high-profile prosecutions, an accountant explains what’s really going on

Stefan Pildes was charged in April 2026, in New York, with wire fraud for allegedly taking money destined for charities. AP Photo/Larry Neumeister

Nonprofit fraud is in the news a lot these days.

Federal investigators in Minnesota prosecuted one of the largest alleged COVID-19 pandemic fraud schemes, in which several nonprofits and individuals are accused of stealing about US$250 million from a federally funded child nutrition program.

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