Update: Greg Mortenson, Central Asia Institute

UPDATE: Click here to read about CharityWatch’s additional concerns regarding Central Asia Institute.

Montana Attorney General announces a settlement agreement (PDF available via direct download) requiring Greg Mortenson, author of Three Cups of Tea, to pay more than $1 million in restitution for financial wrongdoing at the charity he founded, Central Asia Institute. The very same three person board, which includes Greg Mortenson and is responsible for the mismanagement of CAI, is empowered with selecting its replacement board, according to the settlement reached with the Montana Attorney General. Read the CharityWatch article that sparked the investigation, and listen to Daniel Borochoff discuss the settlement agreement on NPR. For Borochoff’s comments on how the nonprofit sector could be affected by shortcomings in the AG’s settlement, read this AP article.

CharityWatch article, Nobel Prize Nominee’s Charity Wins No Awards for Accountability, inspires a “60 Minutes” investigative piece on Greg Mortenson, author of Three Cups of Tea, and his charity, Central Asia Institute. Click here to watch the 60 Minutes segment.

With PBS Newshour, Daniel Borochoff discusses important questions that Mortenson and CAI have still not answered.

Byliner, the publisher of Jon Krakauer’s 75 page article Three Cups of Deceit: How Greg Mortenson, Humanitarian Hero, Lost His Way, has made the article available at amazon.com.