Christian Charity Director stole $475K to Fund Sex Addiction
The president of a Christian charity in Iowa admitted that he embezzled nearly a half-million dollars in donations and used the money to pay for a sex addiction, federal prosecutors said Tuesday.
Jon S. Petersen, of Cedar Rapids, pleaded guilty Monday to one count of filing a false tax return. He was released from custody pending a sentencing hearing, which hasn't been scheduled.
Petersen, 55, is the longtime president of World Ambassadors, Ltd., a nonprofit he founded with his wife in 1993 to provide a Christian outreach to international students on college campuses.
In his plea deal, Petersen admitted that he moved $475,000 in donations from the charity to his personal checking account between 2010 and 2014, draining virtually all of its funding, prosecutors said. The group had about three dozen contributors annually.
The guilty plea concerned his personal 2013 tax filing, when he failed to report $114,000 diverted from the group as taxable income. The charge carries up to three years in prison, and Petersen may be required to pay restitution to the group's donors.
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