The DC Youth Investment Trust: Criminal Wrongdoing, Blurred Lines of Governance, and Lack of Oversight
Keywords:DC Youth Investment Trust, governance, wrongdoing, oversight
In 1999, Anthony Williams, former mayor of Washington, DC, created the DC Children and Youth Investment Trust Corporation (DC Trust), a 501(c)(3) nonprofit, to leverage private funds for youth programs. Over the next 16 years, this nonprofit became many other things, including a vehicle for personal criminal enrichment and an example of where a lack of internal financial controls and oversight can lead an organization. The DC Trust is a telling tale of what can happen when the line between government and nonprofit sectors becomes blurred, and a poster child for what some argue was a culture of corruption inside the local government of the nation’s capital...
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