Hey Vern! ACORN is bankrupt!

 

Suffering from mismanagement along with a severe loss of government and other funds, ACORN is filing for bankruptcy. Acorn is holding a teleconference this weekend to discuss plans for a bankruptcy filing, two officials of the group said. They asked not to be identified because they were not authorized to speak to the news media. Over the last six months, at least 15 of the group’s 30 state chapters have disbanded and have no plans of re-forming.

The organization was dogged for years by financial problems and accusations of fraud. In the summer of 2008, infighting erupted over embezzlement of Acorn funds by the brother of the organization’s founder. Some chapters were also found to have submitted voter application forms with incorrect information on them during the lead-up to the 2008 presidential election.

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