EX-CFO DIVERTS CHARITABLE MON EY TO PERSONAL USE

WSJ - Mr. Glen W. Albanese worked for the brokerage house Needham & Co.  As CFO, he collected money from the firm to aid victims of Hurricane Katrina, especially children in a scholarship fund.   Wearing a hooded gray sweatshirt and with handcuffs and waist chains in court, he was charged with conspiracy to commit fraud and was released on a $200,000 bail.   Supposedly, he maneuvered invoices to the firm and diverted the proceeds for personal use including 2009 World Series tickets, interior decorating, a Labradoodle Poodle Cross, fitness equipment and "tens of thousands of other  expenses". He agreed to seek mental-health counseling as a condition of his bail.  Sentencing will be later .