Al Sharpton's National Action Network is on the brink of dissolution.
"The organization has suffered recurring decreases in net assets -- and has been dependent upon advances from related parties and the nonpayment of payroll tax obligations -- to maintain continuity," the firm KBL concluded in an April 2 audit of NAN's 2008 financial records, the most recent available.
I can't see this as a revenue problem--opportunities for shakedowns abound. This is just an organization with no financial controls whatsoever.
Hmmm. Sounds familiar.
