A Clinton-linked nonprofit, the National Diversity Council (NDC), has filed for bankruptcy after executives allegedly embezzled millions in donor funds, leaving the organization in financial ruin.
The collapse follows a lawsuit from board members who accused founder R. Dennis Kennedy and other senior leaders of diverting vast sums for personal gain. The DEI-focused group, once a prominent player, submitted its bankruptcy filing earlier this month, spotlighting a scandal that has rocked its reputation and depleted its resources.
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The lawsuit states:
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This suit stems from Defendants’ years-long scheme to personally and improperly profit from NDC’s donations, staffing, resources, name, platform, and trademarks.
Defendants have misappropriated donor funds in numerous ways, including by unilaterally paying themselves large salaries, paying themselves as contractors, and paying non-NDC entities money that was then earmarked for the Defendants.
Defendants Kennedy, deGroot, and Valenciano created an unapproved scheme to pay themselves more money in the form of “back pay,” even though NDC never approved a deferred compensation program for them.
Defendants Kennedy, deGroot, and Valenciano unilaterally decided that they were owed almost $3 million in “back pay,” and then paid themselves more than $1 million of donor funds.
Thegatewaypundit.com reports: The filing added that the trio’s actions “gives rise to criminal liability… at a minimum, a third degree felony.”
Despite the severe allegations, Kennedy remains a prominent and respected figure in Democratic circles and will next month hold a conference featuring Bill Clinton and Oprah Winfrey.
According to his LinkedIn page, Kennedy is motivated by “an unwavering passion for people and works to ensure that all individuals receive equal opportunities in the workplace regardless of race, ethnicity, gender, religion, or sexual orientation.”
Meanwhile, the NDC describes itself as “dedicated to fostering diversity, equity, inclusion, and belonging (DEIB) across all sectors of society.”
”By promoting dialogue, education, and collaboration, NDC seeks to build a more inclusive world where everyone has the opportunity to succeed regardless of their background,” the organization’s website states.
It claims to have a “robust network of 50 state councils and 40 city councils under its umbrella.”
The website features images of Kennedy meeting and holding forums with the likes of Barack Obama and Hillary Clinton.
Over recent years, Americans have come to realize DEI schemes and initiatives are designed to reduce the influence and power of white men while also enriching those who run them.
Since taking office in January, the Trump administration has aggressively cracked down on DEI across the federal government.
Most major companies are now following his lead, scrapping their DEI programs after determining they are no longer politically viable.