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article imageACORN on verge of bankruptcy

By Michael Bearak     Mar 20, 2010 in Politics
The Association of Community Organizations for Reform Now - better known as ACORN - has announced that they are now faced with filing for bankruptcy.
ACORN also know as The Association of Community Organizations for Reform Now told the New York Times that they are being faced with filing for bankruptcy after losing federal funding and private donations.
Last September ACORN was rocked when a series of undercover videos were released showing their employees giving advice for illegal activities from tax evasion to sex trafficking.
Following the release of the videos the federal government pulled their funding of the organization. It was also followed by a decrease in membership as well as private funding being pulled as well. In response ACORN has been forced to close a number of their offices. They did file legally to argue the lose of government funding was targeted at them and was unconstitutional.
ACORN has prided themselves as being an organization that has helped low income and minorities get funding to buy homes as well trying help get people registered to vote. Unfortunately a number of the people that they registered to vote were fraudulent with cartoon names being used as the signature on registration cards.
Officials from ACORN told the New York Times that because of, "mismanagement along with a severe loss of government and membership funds" along with a decrease in membership they would be discussing filing for bankruptcy over the weekend.
More about Acorn, Tax evasion, Bankruptcy
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