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Wed., 9:44am: Warren foundation closes after AG investigation

March 19, 2014
Tribune Chronicle | TribToday.com

WARREN -- Ohio Attorney General Mike DeWine announced Tuesday an agreement with Dynamite TKD Kids Foundation and Abbie M. Taylor of Warren to cease charitable solicitations in Ohio and to pay $5,000 to the Attorney General's Office.

Dynamite TKD Kids Foundation was founded in 2009 "to operate a Tae Kwan Do school for underprivileged children within the state of Ohio and surrounding states."

The Attorney General's Charitable Law Section began an investigation in August of 2012 after receiving a complaint alleging that Taylor and her husband were using the organization's debit card to pay for vacations, groceries and personal expenses. The investigation revealed only that the foundation rewarded very few scholarships in more than three years of operation and all of the students attended Taylor's husband's Tae Kwan Do school. Taylor also failed to manage the foundations' accounts by not keeping appropriate financial records.

"Taking advantage of charitable donors' good faith for personal gain is unacceptable," Attorney General DeWine said. "It is our ongoing mission to make sure these organizations are shut down."

Under the agreement, an Assurance of Discontinuance, Taylor agrees to pay $5,000 to the Attorney General's Office. She also agrees to dissolve Dynamite TKD Kids Foundation and not to hold any position in or participate in soliciting donations for any charitable organizations in Ohio.

 
 

 

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