ACORN, Tides and Teresa Heintz.


IN THIS PREVIOUS ARTICLE  it was shown how the Liberal Group “Tides” had bailed out ACORN for $1 million Dollars embezzeled by a brother of the Chairman.

 

Drummond Pike, Anti War actist and CEO of TIDES bailed out his fellow TIDE chairman Wade Rathke with a $1 million dollar check.

Now comes word from PITTSBURGH TRIBUNE REVEIW that TIDES is being back by none other than

Tereza Heintz Kerry

Frisco foundation head repays $1 million embezzlement

By Tribune-Review

The head of a foundation that has funneled millions to liberal causes anonymously repaid $1 million embezzled from one of the organizations the foundation financially supports.

The New York Times reported Sunday that Drummond Pike secretly agreed to replace the money embezzled from the Association of Community Organizations for Reform Now, or Acorn. Pike is chief executive of the San Francisco-based Tides Foundation.

According to the Times, Pike was aiding Wade Rathke, the Acorn founder and a Tides Foundation board member, when he decided to buy the promissory note requiring the Rathke family to repay money taken by Rathke’s brother, Dale.

Acorn discovered the embezzlement in 2000, but did not alert law enforcement officials. Acorn’s management committee instead negotiated an agreement to have the Rathke family pay back the stolen funds.

The Times reported the agreement was carried on the books of an Acorn affiliate, Citizens Consulting Inc., as a loan to an officer. Pike purchased the loan in June from the affiliate, according to e-mail messages from senior Acorn officials obtained by the newspaper in which they discussed how to keep the transaction a secret.

Acorn’s Web site describes the organization as the nation’s largest grassroots community organization of low- and moderate-income people, operating in 110 cities across the country.

Acorn has an Allegheny County chapter that most recently garnered attention in June, when its members marched through East Liberty to protest the upswing in mortgage foreclosures.

The Times reported that several Acorn affiliates have received money from Pike’s Tides Foundation, which has provided more than $400 million to nonprofit groups since 2000. Much of the money flows out of donor-controlled accounts that Tides manages.

Tides received $8.3 million from 1994 through 2005 from The Heinz Endowments, chaired by Pittsburgh ketchup heiress Teresa Heinz.

5 Responses

  1. […] Hypocrisy rules the West By Paul Craig Roberts « Dandelion Salad wrote an interesting post today onHere’s a quick excerptDrummond Pike, Anti War actist and CEO of TIDES bailed out his fellow TIDE chairman Wade Rathke with a $1 million dollar check. Now comes word from PITTSBURGH TRIBUNE REVEIW that TIDES is being back by none other than … […]

  2. Nice blog, William. I’ve added it to my favorites. Keep up the good work. You are one of my favorite posters over at HA and you deserve to be in that Green Room that I keep forgetting is there.

  3. A
    Corner
    Of
    Radical
    Nation

    This entity is just 1 leg of the wooden trojan horse that has rolled into our midst.

  4. […] his brother, Dale Rathke, embezzled more than $948,000 from ACORN and Wade Rathke covered it up. Fellow communist Drummond Pike, though the leftist money laundering Tides foundation bailed out the Rathkes with a $1 million […]

  5. […] is a credible source as a media watchdog. Got it. Yeah, no one had heard of them beforehand. Nope, no one. Etc. […]

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