Christian charity head admits using donations for sex habit
IOWA CITY, Iowa (AP) — 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.
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.
Petersen said he struggled with a sex addiction over the last decade and used the donations to pay for it — along with credit card debt and home equity lines of credit, prosecutors said.