May 19, 2016
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"The president of a Christian charity in Iowa admitted that he embezzled nearly a half-million dollars in donations and used the money to pay for a sex addiction, federal prosecutors said Tuesday.
Jon S. Petersen, of Cedar Rapids, pleaded guilty Monday to one count of filing a false tax return. He was released from custody pending a sentencing hearing, which hasn't been scheduled.
Petersen, 55, is the longtime president of World Ambassadors, Ltd., a nonprofit he founded with his wife in 1993 to provide a Christian outreach to international students on college campuses.
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