Feds Indict Ex-CEO of Minneapolis Nonprofit on Fraud and Theft Charges

Federal authorities on Thursday indicted former Community Action of Minneapolis CEO Bill Davis and his son, Minneapolis Police Officer Jordan Davis, on 16 counts of fraud and theft, alleging they spent money meant for weatherization projects on personal travel, dining, entertainment and a car.

The charges say the pair devised and executed a scheme to defraud the nonprofit by diverting at least $250,000 in agency funds for their personal use and the use of friends and family.

They allegedly conducted the scheme by creating a "slush fund" at Community Action from state and federal grants for weatherization funds from Xcel Energy and CenterPoint Energy.