Source: United States Department of Justice Criminal Division
United States Attorney for the Southern District of New York, Jamie McDonald, announced today that KEITH TAYLOR, the founder and former chief executive officer of Modest Needs Foundation (“Modest Needs”), a charitable organization, was sentenced to eight years in prison by U.S. District Judge Jennifer L. Rochon for defrauding the charity and its donors by stealing millions in donations meant for low-income families and spending them instead on personal expenses, including rent in a luxury apartment building in midtown Manhattan and lavish meals at some of New York City’s most expensive restaurants, and evading more than a million dollars in federal income taxes.