New NY Law Takes Aim At Charity Boardroom Jobs

Law360, New York (July 1, 2014, 2:49 PM EDT) -- The days of taking paid gigs on the boards of New York charities strictly for fun, status and profit are numbered as a sweeping new state anti-fraud law comes online Tuesday, the recently departed chief of New York Attorney General Eric Schneiderman's charities bureau told Law360.

While the good times have not specifically been made illegal, the statute's principal author Jason R. Lilien, who left public service in October to join Zuckerman Spaeder LLP as chief of the law firm's charities practice, says board members now...
To view the full article, register now.