Keith Taylor, former CEO of Modest Needs Foundation, pleaded guilty to embezzling over $2.5 million intended to help low-income families manage medical expenses and basic needs. Instead, he spent the funds on himself, including luxury dining and residing in an upscale Manhattan apartment. Federal officials revealed that he misappropriated approximately $320,000 for fine dining and $300,000 for his living expenses. Taylor pled guilty to wire fraud and tax evasion, potentially facing decades in prison with sentencing scheduled for October.
Keith Taylor defrauded the charity he founded, embezzling over $2.5 million intended for low-income workers, spending it on luxury apartments and fine dining.
Around $320,000 in donations covered regular meals at fine-dining restaurants. Approximately $300,000 funded Taylor's luxury apartment on a Midtown Manhattan skyscraper.
Taylor pleaded guilty to one count of wire fraud and eight counts of tax evasion, evading more than $1 million in federal income taxes.
U.S. attorney Jay Clayton stated that Taylor's actions undermine trust in charities and the work of real philanthropists, emphasizing the need for justice.
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