Question

Why are Not for Profits susceptible to sophisticated scams?

Answer 1

Not for profits are susceptible for scams

The reason for above statements are as follows.

1. Many people start not for profits for tax exemptions it is a type of scam

2. Many people start not for profits for conversion of black money into white and legal money.

3. Many people start not for profit for publicity purpose

4. Some establish not for profits for diverting there income ylinyo that and avoid tax payments.

5. Many charitable trust and not for profits collects the charities and contributions and make some service but there is no proper accountability for the spending of collected contributions .

6. no one knows clear knowledge about for what purpose the not for profits are spending amounts .

7. Many of the not for profits are working for political parties so our contributions will be used for politics but not for needy.

These are some of the reasons for why the not for profits are susceptible for scams.

I hope , above mentioned points are helpful to you.

Thank you.