Directors’ self-dealing benefit not discharged in bankruptcy
The president and a director of the Network of Neighbors, a 501(c)(3) organization on Martha’s Vineyard in Massachusetts, asked their new friends Scott and Danielle Pendergraft to join the board. Not long thereafter, Scott became treasurer and Danielle, who had a background in event planning and public relations, became involved in event planning for the nonprofit.
The full text of this article is available to paid subscribers only. Login or subscribe to read more